BZH vs GITS: Correlation
Measured on weekly returns over the past three years, Beazer Homes USA, Inc. (BZH) and Global Interactive Technologies, Inc. (GITS) carry a correlation of -0.24, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BZH and GITS?
Over the past 3 years, BZH and GITS moved with a correlation of -0.24, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.05 versus -0.24 over 3 years. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -15596.4 %².
Out of 12 assets tracked against BZH, GITS lands near the bottom at #10. Correlation aside, the last 12 months split them widely, with BZH ahead by 52.9 points (+30.8% versus -22.1%). Note the risk asymmetry: GITS runs 28.0 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.
BZH vs GITS: side by side
| BZH (Beazer Homes USA, Inc.) | GITS (Global Interactive Technologies, Inc.) | |
|---|---|---|
| 1-year return | +30.8% | -22.1% |
| 5-year return | +78.6% | n/a |
| Volatility (ann.) | 48.3% | 1352.0% |
| Beta vs S&P 500 | 1.27 | -3.91 |
| Max drawdown (3Y) | -49.8% | -98.4% |
| Market cap | $0.9B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BZH | GITS |
|---|---|---|
| 2022 | -45.0% | – |
| 2023 | +164.8% | – |
| 2024 | -18.7% | -69.5% |
| 2025 | -26.2% | +186.6% |
| 2026 | +63.9% | +154.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BZH and GITS good diversifiers for each other?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between BZH and GITS?
The BZH/GITS correlation stands at -0.24 on a 3-year window (1 year: -0.05, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is GITS a good diversifier for BZH?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.24 mean?
On the −1 to +1 scale, -0.24 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/bzh-vs-gits.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bzh-vs-gits/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BZH correlations · GITS correlations
