BEEP vs GLBS: Correlation
How closely do Mobile Infrastructure Corporation (BEEP) and Globus Maritime Limited (GLBS) trade together? Their weekly returns over three years give a correlation of -0.26, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BEEP and GLBS?
Across a 3-year window, the weekly returns of BEEP and GLBS correlate at -0.26, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.34 lands near the 3-year figure. Stretching to 5 years gives n/a, with an annualized covariance of -1279.1 %².
GLBS is close to the least connected end of BEEP's tracked universe, ranking #11 of 11. The last year tells two different stories: GLBS led by 268.4 percentage points, -21.3% for BEEP against +247.1% for GLBS.
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.
BEEP vs GLBS: side by side
| BEEP (Mobile Infrastructure Corporation) | GLBS (Globus Maritime Limited) | |
|---|---|---|
| 1-year return | -21.3% | +247.1% |
| 5-year return | n/a | +17.2% |
| Volatility (ann.) | 69.9% | 71.4% |
| Beta vs S&P 500 | 1.14 | 0.24 |
| Max drawdown (3Y) | -86.7% | -66.3% |
| Market cap | $0.1B | $0.1B |
| P/E (trailing) | – | 11.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BEEP | GLBS |
|---|---|---|
| 2022 | – | -50.0% |
| 2023 | – | +152.4% |
| 2024 | +11.1% | -55.8% |
| 2025 | -43.3% | +49.6% |
| 2026 | +17.6% | +106.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BEEP and GLBS good diversifiers for each other?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
FAQ
What is the correlation between BEEP and GLBS?
The BEEP/GLBS correlation stands at -0.26 on a 3-year window (1 year: -0.34, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is GLBS a good diversifier for BEEP?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
What does a correlation of -0.26 mean?
On the −1 to +1 scale, -0.26 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/beep-vs-glbs.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/beep-vs-glbs/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BEEP correlations · GLBS correlations
