CHTR vs GIBO: Correlation
Measured on weekly returns over the past three years, Charter Communications (CHTR) and GIBO Holdings Limited - Class A (GIBO) carry a correlation of -0.18, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CHTR and GIBO?
On 3 years of weekly data the CHTR/GIBO correlation comes out at -0.18, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.09 over 1 year against -0.18 over 3. The 5-year figure is n/a, and annualized covariance runs at -859.4 %².
Within CHTR's tracked universe of 35 assets, GIBO comes in at #29 by 3-year correlation. The last year tells two different stories: CHTR led by 17.5 percentage points, -44.9% for CHTR against -62.4% for GIBO. Risk is not evenly split, since GIBO carries 2.8 times the volatility of the other side.
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.
CHTR vs GIBO: side by side
| CHTR (Charter Communications) | GIBO (GIBO Holdings Limited - Class A) | |
|---|---|---|
| 1-year return | -44.9% | -62.4% |
| 5-year return | -81.8% | n/a |
| Volatility (ann.) | 41.3% | 116.5% |
| Beta vs S&P 500 | 0.74 | -0.40 |
| Max drawdown (3Y) | -72.9% | -100.0% |
| Market cap | $20.0B | $0.1B |
| P/E (trailing) | 4.0 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Communication Services | US Listed |
Year-by-year returns
| Year | CHTR | GIBO |
|---|---|---|
| 2022 | -48.0% | – |
| 2023 | +14.6% | – |
| 2024 | -11.8% | +7.8% |
| 2025 | -39.1% | -99.9% |
| 2026 | -28.9% | -38.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CHTR and GIBO good diversifiers for each other?
Yes: at -0.18, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CHTR and GIBO?
As of 2026-08-27, the correlation of weekly returns between CHTR and GIBO is -0.18 over 3 years, -0.09 over 1 year and n/a over 5 years.
Is GIBO a good diversifier for CHTR?
Yes: at -0.18, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.18 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: CHTR correlations · GIBO correlations
