ELPW vs GPI: Correlation
How closely do Elong Power Holding Limited - Class A (ELPW) and Group 1 Automotive, Inc. (GPI) trade together? Their weekly returns over three years give a correlation of -0.22, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ELPW and GPI?
On 3 years of weekly data the ELPW/GPI correlation comes out at -0.22, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.34) than the 3-year average (-0.22). The 5-year figure is n/a, and annualized covariance runs at -23846.7 %².
Within ELPW's tracked universe of 30 assets, GPI comes in at #25 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months GPI outperformed by 54.2 percentage points (-99.0% for ELPW against -44.8% for GPI). Note the risk asymmetry: ELPW runs 104.5 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.
ELPW vs GPI: side by side
| ELPW (Elong Power Holding Limited - Class A) | GPI (Group 1 Automotive, Inc.) | |
|---|---|---|
| 1-year return | -99.0% | -44.8% |
| 5-year return | n/a | +64.3% |
| Volatility (ann.) | 3332.8% | 31.9% |
| Beta vs S&P 500 | 3.98 | 0.68 |
| Max drawdown (3Y) | -100.0% | -48.6% |
| Market cap | – | $3.1B |
| P/E (trailing) | – | 10.8 |
| Dividend yield | 0.00% | 0.04% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ELPW | GPI |
|---|---|---|
| 2022 | – | -6.9% |
| 2023 | – | +70.2% |
| 2024 | -87.5% | +39.1% |
| 2025 | -91.4% | -6.3% |
| 2026 | -97.4% | -33.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ELPW and GPI good diversifiers for each other?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
FAQ
What is the correlation between ELPW and GPI?
The ELPW/GPI correlation stands at -0.22 on a 3-year window (1 year: -0.34, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is GPI a good diversifier for ELPW?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
What does a correlation of -0.22 mean?
A reading of -0.22 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/elpw-vs-gpi.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/elpw-vs-gpi/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ELPW correlations · GPI correlations
