CMRE vs GPUS: Correlation
Costamare Inc. (CMRE) and Hyperscale Data, Inc. (GPUS) show a negative relationship: their 3-year correlation of weekly returns is -0.32.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CMRE and GPUS?
Across a 3-year window, the weekly returns of CMRE and GPUS correlate at -0.32, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.23 over 1 year against -0.32 over 3. Stretching to 5 years gives -0.21, with an annualized covariance of -3818.4 %².
GPUS is close to the least connected end of CMRE's tracked universe, ranking #16 of 16. The last year tells two different stories: CMRE led by 71.3 percentage points, +32.8% for CMRE against -38.5% for GPUS. One caveat on sizing: GPUS is 9.5 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.
CMRE vs GPUS: side by side
| CMRE (Costamare Inc.) | GPUS (Hyperscale Data, Inc.) | |
|---|---|---|
| 1-year return | +32.8% | -38.5% |
| 5-year return | +30.5% | -100.0% |
| Volatility (ann.) | 35.3% | 335.7% |
| Beta vs S&P 500 | 0.73 | 0.78 |
| Max drawdown (3Y) | -57.8% | -100.0% |
| Market cap | $1.9B | $0.1B |
| P/E (trailing) | 5.6 | 0.0 |
| Dividend yield | 3.17% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CMRE | GPUS |
|---|---|---|
| 2022 | -22.8% | -89.9% |
| 2023 | +16.2% | -99.6% |
| 2024 | +26.9% | -93.7% |
| 2025 | +26.5% | -96.3% |
| 2026 | -1.3% | +84.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CMRE and GPUS good diversifiers for each other?
By historical standards, yes. A correlation of -0.32 means the two rarely move for the same reasons.
FAQ
What is the correlation between CMRE and GPUS?
The CMRE/GPUS correlation stands at -0.32 on a 3-year window (1 year: -0.23, 5 years: -0.21), computed from weekly returns as of 2026-08-27.
Is GPUS a good diversifier for CMRE?
By historical standards, yes. A correlation of -0.32 means the two rarely move for the same reasons.
What does a correlation of -0.32 mean?
A reading of -0.32 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: CMRE correlations · GPUS correlations
