CARR vs GNPX: Correlation
Carrier Global (CARR) and Genprex, Inc. (GNPX) 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 CARR and GNPX?
Across a 3-year window, the weekly returns of CARR and GNPX correlate at -0.16, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.17 over 1 year against -0.16 over 3. Stretching to 5 years gives -0.08, with an annualized covariance of -1342.9 %².
By 3-year correlation, GNPX places #20 of the 29 assets tracked against CARR. Correlation aside, the last 12 months split them widely, with CARR ahead by 86.5 points (-11.6% versus -98.1%). One caveat on sizing: GNPX is 7.8 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.
CARR vs GNPX: side by side
| CARR (Carrier Global) | GNPX (Genprex, Inc.) | |
|---|---|---|
| 1-year return | -11.6% | -98.1% |
| 5-year return | +8.8% | -100.0% |
| Volatility (ann.) | 32.6% | 255.0% |
| Beta vs S&P 500 | 1.21 | -0.45 |
| Max drawdown (3Y) | -38.1% | -100.0% |
| Market cap | $48.5B | – |
| P/E (trailing) | 42.0 | 0.1 |
| Dividend yield | 1.61% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | CARR | GNPX |
|---|---|---|
| 2022 | -22.7% | +10.7% |
| 2023 | +41.5% | -84.1% |
| 2024 | +20.3% | -90.7% |
| 2025 | -21.8% | -95.9% |
| 2026 | +12.6% | -90.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CARR and GNPX good diversifiers for each other?
By historical standards, yes. A correlation of -0.16 means the two rarely move for the same reasons.
FAQ
What is the correlation between CARR and GNPX?
As of 2026-08-27, the correlation of weekly returns between CARR and GNPX is -0.16 over 3 years, -0.17 over 1 year and -0.08 over 5 years.
Is GNPX a good diversifier for CARR?
By historical standards, yes. A correlation of -0.16 means the two rarely move for the same reasons.
What does a correlation of -0.16 mean?
On the −1 to +1 scale, -0.16 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/carr-vs-gnpx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/carr-vs-gnpx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CARR correlations · GNPX correlations
