GBFH vs GSUN: Correlation
How closely do GBank Financial Holdings Inc. (GBFH) and Golden Sun Technology Group Limited - Class A (GSUN) trade together? Their weekly returns over three years give a correlation of -0.22, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GBFH and GSUN?
Over the past 3 years, GBFH and GSUN moved with a correlation of -0.22, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.35) runs below the 3-year figure (-0.22). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -1290.6 %².
Among the 18 assets we track against GBFH, GSUN ranks #11 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months GBFH outperformed by 37.4 percentage points (-50.5% for GBFH against -87.9% for GSUN). Note the risk asymmetry: GSUN runs 2.4 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.
GBFH vs GSUN: side by side
| GBFH (GBank Financial Holdings Inc.) | GSUN (Golden Sun Technology Group Limited - Class A) | |
|---|---|---|
| 1-year return | -50.5% | -87.9% |
| 5-year return | n/a | -99.8% |
| Volatility (ann.) | 49.3% | 120.6% |
| Beta vs S&P 500 | 1.11 | 1.12 |
| Max drawdown (3Y) | -53.8% | -98.1% |
| Market cap | $0.3B | – |
| P/E (trailing) | 15.9 | 0.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GBFH | GSUN |
|---|---|---|
| 2023 | – | -46.3% |
| 2024 | – | -55.0% |
| 2025 | -21.2% | -57.2% |
| 2026 | -40.0% | -70.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GBFH and GSUN good diversifiers for each other?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
FAQ
What is the correlation between GBFH and GSUN?
As of 2026-08-27, the correlation of weekly returns between GBFH and GSUN is -0.22 over 3 years, -0.35 over 1 year and n/a over 5 years.
Is GSUN a good diversifier for GBFH?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
What does a correlation of -0.22 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: GBFH correlations · GSUN correlations
