CLB vs GTIM: Correlation
Core Laboratories Inc. (CLB) and Good Times Restaurants Inc. (GTIM) show a moderate relationship: their 3-year correlation of weekly returns is 0.37.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CLB and GTIM?
Over the past 3 years, CLB and GTIM moved with a correlation of 0.37, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.53 versus 0.37 over 3 years. Over 5 years the correlation is 0.30, and the annualized covariance of weekly returns is 816.5 %².
By 3-year correlation, GTIM places #8 of the 15 assets tracked against CLB. The last year tells two different stories: CLB led by 22.9 percentage points, +10.6% for CLB against -12.3% for GTIM.
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.
CLB vs GTIM: side by side
| CLB (Core Laboratories Inc.) | GTIM (Good Times Restaurants Inc.) | |
|---|---|---|
| 1-year return | +10.6% | -12.3% |
| 5-year return | -55.8% | -71.4% |
| Volatility (ann.) | 53.1% | 41.7% |
| Beta vs S&P 500 | 0.91 | 0.69 |
| Max drawdown (3Y) | -62.5% | -65.3% |
| Market cap | $0.6B | – |
| P/E (trailing) | 23.2 | 7.1 |
| Dividend yield | 0.33% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CLB | GTIM |
|---|---|---|
| 2022 | -9.0% | -48.4% |
| 2023 | -12.7% | +13.4% |
| 2024 | -1.8% | +2.0% |
| 2025 | -7.1% | -53.3% |
| 2026 | -23.2% | +24.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CLB and GTIM good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CLB and GTIM?
As of 2026-08-27, the correlation of weekly returns between CLB and GTIM is 0.37 over 3 years, 0.53 over 1 year and 0.30 over 5 years.
Is GTIM a good diversifier for CLB?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.37 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/clb-vs-gtim.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/clb-vs-gtim/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CLB correlations · GTIM correlations
