SIGA vs TBCH: Correlation
Measured on weekly returns over the past three years, SIGA Technologies Inc. (SIGA) and Turtle Beach Corporation (TBCH) carry a correlation of 0.53, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SIGA and TBCH?
Across a 3-year window, the weekly returns of SIGA and TBCH correlate at 0.53, moderate. Little has changed lately, as the 1-year reading of 0.47 lands near the 3-year figure. Stretching to 5 years gives 0.35, with an annualized covariance of 1960.1 %².
TBCH is one of the assets that tracks SIGA most closely: it ranks #2 out of the 15 assets we track against SIGA. Correlation aside, the last 12 months split them widely, with TBCH ahead by 41.5 points (-58.1% versus -16.6%).
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.
SIGA vs TBCH: side by side
| SIGA (SIGA Technologies Inc.) | TBCH (Turtle Beach Corporation) | |
|---|---|---|
| 1-year return | -58.1% | -16.6% |
| 5-year return | -27.3% | -55.7% |
| Volatility (ann.) | 64.1% | 57.8% |
| Beta vs S&P 500 | 1.22 | 2.21 |
| Max drawdown (3Y) | -70.1% | -51.8% |
| Market cap | $0.2B | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SIGA | TBCH |
|---|---|---|
| 2022 | +4.2% | -67.8% |
| 2023 | -17.6% | +52.7% |
| 2024 | +15.2% | +58.1% |
| 2025 | +12.3% | -18.9% |
| 2026 | -43.4% | -7.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SIGA and TBCH good diversifiers for each other?
To a limited degree. At 0.53 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between SIGA and TBCH?
Using weekly returns as of 2026-08-27: 0.53 over 3 years, with 0.47 over the last year and 0.35 over 5 years.
Is TBCH a good diversifier for SIGA?
To a limited degree. At 0.53 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.53 mean?
On the −1 to +1 scale, 0.53 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/siga-vs-tbch.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/siga-vs-tbch/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: SIGA correlations · TBCH correlations
