IPW vs PSN: Correlation
iPower Inc. (IPW) and Parsons Corporation (PSN) show a negative relationship: their 3-year correlation of weekly returns is -0.29.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IPW and PSN?
On 3 years of weekly data the IPW/PSN correlation comes out at -0.29, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.50) runs below the 3-year figure (-0.29). The 5-year figure is -0.23, and annualized covariance runs at -4708.7 %².
Within IPW's tracked universe of 37 assets, PSN comes in at #30 by 3-year correlation. The last year tells two different stories: PSN led by 59.9 percentage points, -98.6% for IPW against -38.7% for PSN. One caveat on sizing: IPW is 10.3 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
IPW vs PSN: side by side
| IPW (iPower Inc.) | PSN (Parsons Corporation) | |
|---|---|---|
| 1-year return | -98.6% | -38.7% |
| 5-year return | -99.8% | +38.4% |
| Volatility (ann.) | 405.9% | 39.4% |
| Beta vs S&P 500 | 2.99 | 0.82 |
| Max drawdown (3Y) | -100.0% | -64.4% |
| Market cap | – | $5.3B |
| P/E (trailing) | – | 34.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IPW | PSN |
|---|---|---|
| 2022 | -83.2% | +37.4% |
| 2023 | +12.5% | +35.6% |
| 2024 | +85.1% | +47.1% |
| 2025 | -70.1% | -33.0% |
| 2026 | -96.8% | -20.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IPW and PSN good diversifiers for each other?
By historical standards, yes. A correlation of -0.29 means the two rarely move for the same reasons.
FAQ
What is the correlation between IPW and PSN?
As of 2026-08-27, the correlation of weekly returns between IPW and PSN is -0.29 over 3 years, -0.50 over 1 year and -0.23 over 5 years.
Is PSN a good diversifier for IPW?
By historical standards, yes. A correlation of -0.29 means the two rarely move for the same reasons.
What does a correlation of -0.29 mean?
On the −1 to +1 scale, -0.29 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/ipw-vs-psn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ipw-vs-psn/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: IPW correlations · PSN correlations
