DECK vs GITS: Correlation
How closely do Deckers Brands (DECK) and Global Interactive Technologies, Inc. (GITS) trade together? Their weekly returns over three years give a correlation of -0.23, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DECK and GITS?
Across a 3-year window, the weekly returns of DECK and GITS correlate at -0.23, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.27) runs above the 3-year figure (-0.23). Stretching to 5 years gives n/a, with an annualized covariance of -13636.9 %².
Among the 31 assets we track against DECK, GITS ranks #25 by 3-year correlation. Twelve-month performance is nearly a tie, at -26.0% for DECK and -22.1% for GITS. Note the risk asymmetry: GITS runs 31.0 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.
DECK vs GITS: side by side
| DECK (Deckers Brands) | GITS (Global Interactive Technologies, Inc.) | |
|---|---|---|
| 1-year return | -26.0% | -22.1% |
| 5-year return | +22.8% | n/a |
| Volatility (ann.) | 43.6% | 1352.0% |
| Beta vs S&P 500 | 1.20 | -3.91 |
| Max drawdown (3Y) | -64.3% | -98.4% |
| Market cap | $11.8B | – |
| P/E (trailing) | 12.7 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Consumer Discretionary | US Listed |
Year-by-year returns
| Year | DECK | GITS |
|---|---|---|
| 2022 | +9.0% | – |
| 2023 | +67.5% | – |
| 2024 | +82.3% | -69.5% |
| 2025 | -49.0% | +186.6% |
| 2026 | -16.7% | +154.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DECK and GITS good diversifiers for each other?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
FAQ
What is the correlation between DECK and GITS?
Using weekly returns as of 2026-08-27: -0.23 over 3 years, with 0.27 over the last year and n/a over 5 years.
Is GITS a good diversifier for DECK?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
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: DECK correlations · GITS correlations
