NCTY vs PSQH: Correlation
The9 Limited - American Depository Shares (NCTY) and PSQ Holdings, Inc. (PSQH) show a moderate relationship: their 3-year correlation of weekly returns is 0.35.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NCTY and PSQH?
Over the past 3 years, NCTY and PSQH moved with a correlation of 0.35, which is moderate. Little has changed lately, as the 1-year reading of 0.27 lands near the 3-year figure. Over 5 years the correlation is 0.18, and the annualized covariance of weekly returns is 3292.9 %².
In NCTY's tracked universe of 10 assets, PSQH sits right near the top at #1. Correlation aside, the last 12 months split them widely, with NCTY ahead by 28.8 points (-45.7% versus -74.5%).
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.
NCTY vs PSQH: side by side
| NCTY (The9 Limited - American Depository Shares) | PSQH (PSQ Holdings, Inc.) | |
|---|---|---|
| 1-year return | -45.7% | -74.5% |
| 5-year return | -97.0% | -95.6% |
| Volatility (ann.) | 95.1% | 99.9% |
| Beta vs S&P 500 | 0.96 | 2.13 |
| Max drawdown (3Y) | -83.1% | -98.4% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NCTY | PSQH |
|---|---|---|
| 2022 | -91.5% | +3.1% |
| 2023 | +31.4% | -47.3% |
| 2024 | +94.1% | -13.4% |
| 2025 | -56.2% | -77.3% |
| 2026 | -26.2% | -59.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NCTY and PSQH good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.35 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between NCTY and PSQH?
The NCTY/PSQH correlation stands at 0.35 on a 3-year window (1 year: 0.27, 5 years: 0.18), computed from weekly returns as of 2026-08-27.
Is PSQH a good diversifier for NCTY?
Yes, to a useful degree: a correlation of 0.35 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.35 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ncty-vs-psqh.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ncty-vs-psqh/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: NCTY correlations · PSQH correlations
