APWC vs GEG: Correlation
How closely do Asia Pacific Wire & Cable Corporation Limited (APWC) and Great Elm Group, Inc. (GEG) trade together? Their weekly returns over three years give a correlation of 0.31, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are APWC and GEG?
Over the past 3 years, APWC and GEG moved with a correlation of 0.31, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.51 versus 0.31 over 3 years. Over 5 years the correlation is 0.10, and the annualized covariance of weekly returns is 499.0 %².
Within APWC's tracked universe of 11 assets, GEG comes in at #6 by 3-year correlation. Over the last 12 months GEG came out ahead by 11.7 percentage points (-22.1% against -10.4%).
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.
APWC vs GEG: side by side
| APWC (Asia Pacific Wire & Cable Corporation Limited) | GEG (Great Elm Group, Inc.) | |
|---|---|---|
| 1-year return | -22.1% | -10.4% |
| 5-year return | -59.0% | -7.3% |
| Volatility (ann.) | 48.8% | 33.0% |
| Beta vs S&P 500 | 0.50 | 0.15 |
| Max drawdown (3Y) | -42.4% | -41.4% |
| Market cap | $0.1B | $0.1B |
| P/E (trailing) | 5.0 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | APWC | GEG |
|---|---|---|
| 2022 | -29.4% | -3.3% |
| 2023 | -13.2% | -4.0% |
| 2024 | +17.6% | -6.7% |
| 2025 | +26.5% | +40.9% |
| 2026 | -24.2% | -15.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are APWC and GEG good diversifiers for each other?
A fair diversifier. At 0.31, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between APWC and GEG?
Using weekly returns as of 2026-08-27: 0.31 over 3 years, with 0.51 over the last year and 0.10 over 5 years.
Is GEG a good diversifier for APWC?
A fair diversifier. At 0.31, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.31 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/apwc-vs-geg.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/apwc-vs-geg/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: APWC correlations · GEG correlations
