FLYE vs GURE: Correlation
How closely do Fly-E Group, Inc. (FLYE) and Gulf Resources, Inc. (GURE) trade together? Their weekly returns over three years give a correlation of 0.32, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FLYE and GURE?
On 3 years of weekly data the FLYE/GURE correlation comes out at 0.32, moderate. The past 12 months show a tighter link (0.58) than the 3-year average (0.32). The 5-year figure is n/a, and annualized covariance runs at 7542.3 %².
By 3-year correlation, GURE places #4 of the 44 assets tracked against FLYE. The last year tells two different stories: GURE led by 36.5 percentage points, -89.0% for FLYE against -52.5% for GURE.
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.
FLYE vs GURE: side by side
| FLYE (Fly-E Group, Inc.) | GURE (Gulf Resources, Inc.) | |
|---|---|---|
| 1-year return | -89.0% | -52.5% |
| 5-year return | n/a | -92.1% |
| Volatility (ann.) | 153.0% | 137.7% |
| Beta vs S&P 500 | 1.73 | -0.30 |
| Max drawdown (3Y) | -99.8% | -88.1% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FLYE | GURE |
|---|---|---|
| 2022 | – | -28.6% |
| 2023 | – | -46.6% |
| 2024 | – | -65.5% |
| 2025 | -92.1% | -35.1% |
| 2026 | -74.4% | -7.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FLYE and GURE good diversifiers for each other?
A fair diversifier. At 0.32, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between FLYE and GURE?
Using weekly returns as of 2026-08-27: 0.32 over 3 years, with 0.58 over the last year and n/a over 5 years.
Is GURE a good diversifier for FLYE?
A fair diversifier. At 0.32, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.32 mean?
On the −1 to +1 scale, 0.32 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/flye-vs-gure.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/flye-vs-gure/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FLYE correlations · GURE correlations
