EME vs GITS: Correlation
How closely do Emcor (EME) and Global Interactive Technologies, Inc. (GITS) trade together? Their weekly returns over three years give a correlation of -0.28, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EME and GITS?
Over the past 3 years, EME and GITS moved with a correlation of -0.28, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.08 versus -0.28 over 3 years. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -13264.6 %².
Out of 34 assets tracked against EME, GITS lands near the bottom at #30. The last year tells two different stories: EME led by 46.6 percentage points, +24.5% for EME against -22.1% for GITS. Risk is not evenly split, since GITS carries 38.7 times the volatility of the other side.
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.
EME vs GITS: side by side
| EME (Emcor) | GITS (Global Interactive Technologies, Inc.) | |
|---|---|---|
| 1-year return | +24.5% | -22.1% |
| 5-year return | +540.3% | n/a |
| Volatility (ann.) | 34.9% | 1352.0% |
| Beta vs S&P 500 | 1.31 | -3.91 |
| Max drawdown (3Y) | -36.2% | -98.4% |
| Market cap | $34.2B | – |
| P/E (trailing) | 23.8 | – |
| Dividend yield | 0.09% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | EME | GITS |
|---|---|---|
| 2022 | +16.8% | – |
| 2023 | +46.0% | – |
| 2024 | +111.3% | -69.5% |
| 2025 | +35.1% | +186.6% |
| 2026 | +26.9% | +154.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EME and GITS good diversifiers for each other?
Yes. With a correlation of -0.28, EME and GITS have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between EME and GITS?
The EME/GITS correlation stands at -0.28 on a 3-year window (1 year: -0.08, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is GITS a good diversifier for EME?
Yes. With a correlation of -0.28, EME and GITS have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.28 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/eme-vs-gits.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/eme-vs-gits/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: EME correlations · GITS correlations
