CSBR vs GIBO: Correlation
Champions Oncology, Inc. (CSBR) and GIBO Holdings Limited - Class A (GIBO) show a negative relationship: their 3-year correlation of weekly returns is -0.23.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CSBR and GIBO?
Across a 3-year window, the weekly returns of CSBR and GIBO correlate at -0.23, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.09) runs above the 3-year figure (-0.23). Stretching to 5 years gives n/a, with an annualized covariance of -1529.2 %².
Out of 11 assets tracked against CSBR, GIBO lands near the bottom at #10. The last year tells two different stories: CSBR led by 38.5 percentage points, -23.9% for CSBR against -62.4% for GIBO. Note the risk asymmetry: GIBO runs 2.1 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.
CSBR vs GIBO: side by side
| CSBR (Champions Oncology, Inc.) | GIBO (GIBO Holdings Limited - Class A) | |
|---|---|---|
| 1-year return | -23.9% | -62.4% |
| 5-year return | -49.7% | n/a |
| Volatility (ann.) | 55.9% | 116.5% |
| Beta vs S&P 500 | 0.24 | -0.40 |
| Max drawdown (3Y) | -57.9% | -100.0% |
| Market cap | $0.1B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CSBR | GIBO |
|---|---|---|
| 2022 | -46.1% | – |
| 2023 | +24.6% | – |
| 2024 | +52.5% | +7.8% |
| 2025 | -19.4% | -99.9% |
| 2026 | -27.4% | -38.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CSBR and GIBO good diversifiers for each other?
Yes. With a correlation of -0.23, CSBR and GIBO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CSBR and GIBO?
As of 2026-08-27, the correlation of weekly returns between CSBR and GIBO is -0.23 over 3 years, 0.09 over 1 year and n/a over 5 years.
Is GIBO a good diversifier for CSBR?
Yes. With a correlation of -0.23, CSBR and GIBO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.23 mean?
On the −1 to +1 scale, -0.23 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.
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Related comparisons
Hubs: CSBR correlations · GIBO correlations
