HUMA vs TSSI: Correlation
How closely do Humacyte, Inc. (HUMA) and TSS, Inc. (TSSI) trade together? Their weekly returns over three years give a correlation of 0.46, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HUMA and TSSI?
Over the past 3 years, HUMA and TSSI moved with a correlation of 0.46, which is moderate. The link has loosened recently: the 1-year correlation (0.24) runs below the 3-year figure (0.46). Over 5 years the correlation is 0.34, and the annualized covariance of weekly returns is 6331.6 %².
TSSI is one of the assets that tracks HUMA most closely: it ranks #1 out of the 11 assets we track against HUMA. Over the last 12 months TSSI came out ahead by 8.7 percentage points (-54.7% against -46.0%).
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
HUMA vs TSSI: side by side
| HUMA (Humacyte, Inc.) | TSSI (TSS, Inc.) | |
|---|---|---|
| 1-year return | -54.7% | -46.0% |
| 5-year return | -94.8% | +1305.0% |
| Volatility (ann.) | 103.1% | 133.4% |
| Beta vs S&P 500 | 2.71 | 3.46 |
| Max drawdown (3Y) | -94.2% | -77.7% |
| Market cap | $0.2B | $0.2B |
| P/E (trailing) | – | 16.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HUMA | TSSI |
|---|---|---|
| 2022 | -70.9% | +24.4% |
| 2023 | +34.6% | -51.8% |
| 2024 | +77.8% | +4292.6% |
| 2025 | -81.0% | -40.4% |
| 2026 | -27.9% | +19.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HUMA and TSSI good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between HUMA and TSSI?
As of 2026-08-27, the correlation of weekly returns between HUMA and TSSI is 0.46 over 3 years, 0.24 over 1 year and 0.34 over 5 years.
Is TSSI a good diversifier for HUMA?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.46 mean?
On the −1 to +1 scale, 0.46 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/huma-vs-tssi.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/huma-vs-tssi/)
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Related comparisons
Hubs: HUMA correlations · TSSI correlations
