PSN vs TOP: Correlation
How closely do Parsons Corporation (PSN) and TOP Financial Group Limited - Class A (TOP) trade together? Their weekly returns over three years give a correlation of -0.32, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PSN and TOP?
Over the past 3 years, PSN and TOP moved with a correlation of -0.32, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.45) than the 3-year average (-0.32). Over 5 years the correlation is -0.13, and the annualized covariance of weekly returns is -2857.3 %².
TOP is close to the least connected end of PSN's tracked universe, ranking #9 of 10. Their recent paths diverged sharply: over the last 12 months TOP outperformed by 1256.6 percentage points (-38.7% for PSN against +1217.9% for TOP). One caveat on sizing: TOP is 5.8 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.
PSN vs TOP: side by side
| PSN (Parsons Corporation) | TOP (TOP Financial Group Limited - Class A) | |
|---|---|---|
| 1-year return | -38.7% | +1217.9% |
| 5-year return | +38.4% | -9.2% |
| Volatility (ann.) | 39.4% | 230.2% |
| Beta vs S&P 500 | 0.82 | 1.60 |
| Max drawdown (3Y) | -64.4% | -89.6% |
| Market cap | $5.3B | $1.9B |
| P/E (trailing) | 34.0 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PSN | TOP |
|---|---|---|
| 2022 | +37.4% | – |
| 2023 | +35.6% | -22.5% |
| 2024 | +47.1% | -59.5% |
| 2025 | -33.0% | -34.3% |
| 2026 | -20.3% | +1434.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PSN and TOP good diversifiers for each other?
Yes: at -0.32, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between PSN and TOP?
As of 2026-08-27, the correlation of weekly returns between PSN and TOP is -0.32 over 3 years, -0.45 over 1 year and -0.13 over 5 years.
Is TOP a good diversifier for PSN?
Yes: at -0.32, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.32 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/psn-vs-top.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/psn-vs-top/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: PSN correlations · TOP correlations
