BYRN vs GIB: Correlation
How closely do Byrna Technologies, Inc. (BYRN) and CGI Inc. (GIB) trade together? Their weekly returns over three years give a correlation of 0.36, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BYRN and GIB?
Across a 3-year window, the weekly returns of BYRN and GIB correlate at 0.36, moderate. The past 12 months show a tighter link (0.47) than the 3-year average (0.36). Stretching to 5 years gives 0.29, with an annualized covariance of 728.7 %².
GIB is one of the assets that tracks BYRN most closely: it ranks #3 out of the 10 assets we track against BYRN. Their recent paths diverged sharply: over the last 12 months GIB outperformed by 59.8 percentage points (-82.2% for BYRN against -22.4% for GIB). Note the risk asymmetry: BYRN runs 3.7 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.
BYRN vs GIB: side by side
| BYRN (Byrna Technologies, Inc.) | GIB (CGI Inc.) | |
|---|---|---|
| 1-year return | -82.2% | -22.4% |
| 5-year return | -87.6% | -16.0% |
| Volatility (ann.) | 87.2% | 23.3% |
| Beta vs S&P 500 | 1.40 | 0.57 |
| Max drawdown (3Y) | -90.7% | -49.6% |
| Market cap | $0.1B | $15.4B |
| P/E (trailing) | – | 12.6 |
| Dividend yield | 0.00% | 0.90% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BYRN | GIB |
|---|---|---|
| 2022 | -41.3% | -2.7% |
| 2023 | -18.5% | +24.5% |
| 2024 | +350.9% | +2.1% |
| 2025 | -41.7% | -15.3% |
| 2026 | -78.6% | -18.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BYRN and GIB good diversifiers for each other?
Reasonably. At 0.36, BYRN and GIB keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BYRN and GIB?
Using weekly returns as of 2026-08-27: 0.36 over 3 years, with 0.47 over the last year and 0.29 over 5 years.
Is GIB a good diversifier for BYRN?
Reasonably. At 0.36, BYRN and GIB keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.36 mean?
A reading of 0.36 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/byrn-vs-gib.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/byrn-vs-gib/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BYRN correlations · GIB correlations
