BMRC vs GIBO: Correlation
Bank of Marin Bancorp (BMRC) and GIBO Holdings Limited - Class A (GIBO) show a negative relationship: their 3-year correlation of weekly returns is -0.16.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BMRC and GIBO?
On 3 years of weekly data the BMRC/GIBO correlation comes out at -0.16, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.06 over 1 year against -0.16 over 3. The 5-year figure is n/a, and annualized covariance runs at -611.4 %².
GIBO is close to the least connected end of BMRC's tracked universe, ranking #9 of 11. Their recent paths diverged sharply: over the last 12 months BMRC outperformed by 75.1 percentage points (+12.7% for BMRC against -62.4% for GIBO). One caveat on sizing: GIBO is 3.5 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.
BMRC vs GIBO: side by side
| BMRC (Bank of Marin Bancorp) | GIBO (GIBO Holdings Limited - Class A) | |
|---|---|---|
| 1-year return | +12.7% | -62.4% |
| 5-year return | -8.2% | n/a |
| Volatility (ann.) | 33.0% | 116.5% |
| Beta vs S&P 500 | 0.75 | -0.40 |
| Max drawdown (3Y) | -35.2% | -100.0% |
| Market cap | $0.4B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 3.73% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BMRC | GIBO |
|---|---|---|
| 2022 | -9.1% | – |
| 2023 | -29.5% | – |
| 2024 | +13.9% | +7.8% |
| 2025 | +14.2% | -99.9% |
| 2026 | +5.6% | -38.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BMRC and GIBO good diversifiers for each other?
Yes: at -0.16, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between BMRC and GIBO?
Using weekly returns as of 2026-08-27: -0.16 over 3 years, with -0.06 over the last year and n/a over 5 years.
Is GIBO a good diversifier for BMRC?
Yes: at -0.16, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.16 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.
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Related comparisons
Hubs: BMRC correlations · GIBO correlations
