FGBI vs IPSC: Correlation
How closely do First Guaranty Bancshares, Inc. (FGBI) and Century Therapeutics, Inc. (IPSC) trade together? Their weekly returns over three years give a correlation of 0.38, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FGBI and IPSC?
On 3 years of weekly data the FGBI/IPSC correlation comes out at 0.38, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.59 versus 0.38 over 3 years. The 5-year figure is 0.28, and annualized covariance runs at 2226.3 %².
Few assets follow FGBI as closely as IPSC, which ranks #2 of 11 tracked partners. Their recent paths diverged sharply: over the last 12 months IPSC outperformed by 330.3 percentage points (+2.7% for FGBI against +333.0% for IPSC). Note the risk asymmetry: IPSC 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.
FGBI vs IPSC: side by side
| FGBI (First Guaranty Bancshares, Inc.) | IPSC (Century Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +2.7% | +333.0% |
| 5-year return | -46.6% | -90.7% |
| Volatility (ann.) | 52.8% | 111.4% |
| Beta vs S&P 500 | 0.28 | 2.01 |
| Max drawdown (3Y) | -70.0% | -92.7% |
| Market cap | $0.1B | $0.4B |
| P/E (trailing) | – | – |
| Dividend yield | 0.49% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FGBI | IPSC |
|---|---|---|
| 2022 | +18.2% | -67.7% |
| 2023 | -50.2% | -35.3% |
| 2024 | +6.6% | -69.6% |
| 2025 | -52.5% | -1.5% |
| 2026 | +51.4% | +124.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FGBI and IPSC good diversifiers for each other?
Reasonably. At 0.38, FGBI and IPSC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between FGBI and IPSC?
Using weekly returns as of 2026-08-27: 0.38 over 3 years, with 0.59 over the last year and 0.28 over 5 years.
Is IPSC a good diversifier for FGBI?
Reasonably. At 0.38, FGBI and IPSC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.38 mean?
On the −1 to +1 scale, 0.38 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/fgbi-vs-ipsc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/fgbi-vs-ipsc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FGBI correlations · IPSC correlations
