ASTC vs GIPR: Correlation
How closely do Astrotech Corporation (ASTC) and Generation Income Properties Inc. (GIPR) trade together? Their weekly returns over three years give a correlation of -0.28, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASTC and GIPR?
Across a 3-year window, the weekly returns of ASTC and GIPR correlate at -0.28, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.30 over 1 year against -0.28 over 3. Stretching to 5 years gives -0.27, with an annualized covariance of -37334.6 %².
Among the 47 assets we track against ASTC, GIPR ranks #37 by 3-year correlation. The last year tells two different stories: ASTC led by 132.7 percentage points, +37.5% for ASTC against -95.2% for GIPR. Note the risk asymmetry: ASTC runs 11.0 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
ASTC vs GIPR: side by side
| ASTC (Astrotech Corporation) | GIPR (Generation Income Properties Inc.) | |
|---|---|---|
| 1-year return | +37.5% | -95.2% |
| 5-year return | -78.4% | -99.3% |
| Volatility (ann.) | 1206.9% | 110.2% |
| Beta vs S&P 500 | 4.81 | 1.42 |
| Max drawdown (3Y) | -87.5% | -99.4% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASTC | GIPR |
|---|---|---|
| 2022 | -51.0% | -14.6% |
| 2023 | -15.0% | -9.2% |
| 2024 | -20.8% | -51.1% |
| 2025 | -48.5% | -64.8% |
| 2026 | +105.8% | -93.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASTC and GIPR good diversifiers for each other?
Yes. With a correlation of -0.28, ASTC and GIPR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ASTC and GIPR?
As of 2026-08-27, the correlation of weekly returns between ASTC and GIPR is -0.28 over 3 years, -0.30 over 1 year and -0.27 over 5 years.
Is GIPR a good diversifier for ASTC?
Yes. With a correlation of -0.28, ASTC and GIPR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.28 mean?
On the −1 to +1 scale, -0.28 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.
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Related comparisons
Hubs: ASTC correlations · GIPR correlations
