GAUZ vs PIII: Correlation
How closely do Gauzy Ltd. (GAUZ) and P3 Health Partners Inc. (PIII) trade together? Their weekly returns over three years give a correlation of 0.41, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GAUZ and PIII?
Across a 3-year window, the weekly returns of GAUZ and PIII correlate at 0.41, moderate. The relationship has been stable: the 1-year correlation (0.46) sits close to the 3-year figure. Stretching to 5 years gives n/a, with an annualized covariance of 8255.2 %².
PIII is one of the assets that tracks GAUZ most closely: it ranks #3 out of the 10 assets we track against GAUZ. The last year tells two different stories: PIII led by 111.1 percentage points, -91.5% for GAUZ against +19.6% for PIII.
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.
GAUZ vs PIII: side by side
| GAUZ (Gauzy Ltd.) | PIII (P3 Health Partners Inc.) | |
|---|---|---|
| 1-year return | -91.5% | +19.6% |
| 5-year return | n/a | -98.1% |
| Volatility (ann.) | 118.3% | 154.4% |
| Beta vs S&P 500 | 1.25 | 0.52 |
| Max drawdown (3Y) | -98.5% | -98.9% |
| Market cap | – | $1.9B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GAUZ | PIII |
|---|---|---|
| 2022 | – | -73.9% |
| 2023 | – | -23.4% |
| 2024 | – | -84.0% |
| 2025 | -87.0% | -69.0% |
| 2026 | -65.0% | +169.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GAUZ and PIII good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between GAUZ and PIII?
Using weekly returns as of 2026-08-27: 0.41 over 3 years, with 0.46 over the last year and n/a over 5 years.
Is PIII a good diversifier for GAUZ?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.41 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.
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Related comparisons
Hubs: GAUZ correlations · PIII correlations
