ENVB vs GITS: Correlation
How closely do Enveric Biosciences, Inc. (ENVB) and Global Interactive Technologies, Inc. (GITS) trade together? Their weekly returns over three years give a correlation of -0.34, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ENVB and GITS?
Across a 3-year window, the weekly returns of ENVB and GITS correlate at -0.34, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.11) than the 3-year average (-0.34). Stretching to 5 years gives n/a, with an annualized covariance of -73955.6 %².
Among the 16 assets we track against ENVB, GITS sits near the bottom by co-movement, at rank #15. The last year tells two different stories: GITS led by 70.0 percentage points, -92.1% for ENVB against -22.1% for GITS. Note the risk asymmetry: GITS runs 8.4 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.
ENVB vs GITS: side by side
| ENVB (Enveric Biosciences, Inc.) | GITS (Global Interactive Technologies, Inc.) | |
|---|---|---|
| 1-year return | -92.1% | -22.1% |
| 5-year return | -100.0% | n/a |
| Volatility (ann.) | 160.8% | 1352.0% |
| Beta vs S&P 500 | 0.75 | -3.91 |
| Max drawdown (3Y) | -100.0% | -98.4% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ENVB | GITS |
|---|---|---|
| 2022 | -95.5% | – |
| 2023 | -37.5% | – |
| 2024 | -72.5% | -69.5% |
| 2025 | -99.6% | +186.6% |
| 2026 | -62.3% | +154.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ENVB and GITS good diversifiers for each other?
Yes: at -0.34, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ENVB and GITS?
Using weekly returns as of 2026-08-27: -0.34 over 3 years, with -0.11 over the last year and n/a over 5 years.
Is GITS a good diversifier for ENVB?
Yes: at -0.34, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.34 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/envb-vs-gits.json
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Related comparisons
Hubs: ENVB correlations · GITS correlations
