BRID vs GTEC: Correlation
How closely do Bridgford Foods Corporation (BRID) and Greenland Technologies Holding Corporation - Class A (GTEC) trade together? Their weekly returns over three years give a correlation of -0.23, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BRID and GTEC?
Across a 3-year window, the weekly returns of BRID and GTEC correlate at -0.23, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.02 versus -0.23 over 3 years. Stretching to 5 years gives -0.13, with an annualized covariance of -713.7 %².
Out of 12 assets tracked against BRID, GTEC lands near the bottom at #10. The last year tells two different stories: BRID led by 22.9 percentage points, -17.9% for BRID against -40.8% for GTEC. Note the risk asymmetry: GTEC runs 2.8 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.
BRID vs GTEC: side by side
| BRID (Bridgford Foods Corporation) | GTEC (Greenland Technologies Holding Corporation - Class A) | |
|---|---|---|
| 1-year return | -17.9% | -40.8% |
| 5-year return | -53.4% | -87.4% |
| Volatility (ann.) | 33.3% | 94.1% |
| Beta vs S&P 500 | 0.31 | 1.39 |
| Max drawdown (3Y) | -54.0% | -89.7% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | 1.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BRID | GTEC |
|---|---|---|
| 2022 | -1.6% | -66.1% |
| 2023 | -7.7% | +28.0% |
| 2024 | -2.2% | -30.5% |
| 2025 | -27.5% | -68.4% |
| 2026 | -21.2% | +37.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BRID and GTEC good diversifiers for each other?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
FAQ
What is the correlation between BRID and GTEC?
Using weekly returns as of 2026-08-27: -0.23 over 3 years, with -0.02 over the last year and -0.13 over 5 years.
Is GTEC a good diversifier for BRID?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
What does a correlation of -0.23 mean?
A reading of -0.23 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/brid-vs-gtec.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/brid-vs-gtec/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BRID correlations · GTEC correlations
