PSIG vs SHEN: Correlation
How closely do PS International Group Ltd. (PSIG) and Shenandoah Telecommunications Co (SHEN) trade together? Their weekly returns over three years give a correlation of -0.17, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PSIG and SHEN?
On 3 years of weekly data the PSIG/SHEN correlation comes out at -0.17, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.19) sits close to the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at -1129.2 %².
Within PSIG's tracked universe of 55 assets, SHEN comes in at #12 by 3-year correlation. The last year tells two different stories: SHEN led by 45.4 percentage points, -53.9% for PSIG against -8.5% for SHEN. Risk is not evenly split, since PSIG carries 3.7 times the volatility of the other side.
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.
PSIG vs SHEN: side by side
| PSIG (PS International Group Ltd.) | SHEN (Shenandoah Telecommunications Co) | |
|---|---|---|
| 1-year return | -53.9% | -8.5% |
| 5-year return | n/a | -57.4% |
| Volatility (ann.) | 157.0% | 41.9% |
| Beta vs S&P 500 | 0.97 | 0.25 |
| Max drawdown (3Y) | -96.0% | -59.2% |
| Market cap | – | $0.7B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.89% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PSIG | SHEN |
|---|---|---|
| 2022 | – | -37.5% |
| 2023 | – | +36.6% |
| 2024 | – | -41.3% |
| 2025 | +8.3% | -7.4% |
| 2026 | -62.9% | +5.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PSIG and SHEN good diversifiers for each other?
Yes: at -0.17, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between PSIG and SHEN?
The PSIG/SHEN correlation stands at -0.17 on a 3-year window (1 year: -0.19, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is SHEN a good diversifier for PSIG?
Yes: at -0.17, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.17 mean?
A reading of -0.17 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/psig-vs-shen.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/psig-vs-shen/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: PSIG correlations · SHEN correlations
