GBFH vs MVIS: Correlation
How closely do GBank Financial Holdings Inc. (GBFH) and MicroVision, Inc. (MVIS) trade together? Their weekly returns over three years give a correlation of -0.45, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GBFH and MVIS?
Over the past 3 years, GBFH and MVIS moved with a correlation of -0.45, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.67 versus -0.45 over 3 years. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -23004.5 %².
Out of 18 assets tracked against GBFH, MVIS lands near the bottom at #18. Correlation aside, the last 12 months split them widely, with MVIS ahead by 118.4 points (-50.5% versus +67.9%). One caveat on sizing: MVIS is 17.9 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 MVIS: side by side
| GBFH (GBank Financial Holdings Inc.) | MVIS (MicroVision, Inc.) | |
|---|---|---|
| 1-year return | -50.5% | +67.9% |
| 5-year return | n/a | -87.1% |
| Volatility (ann.) | 49.3% | 882.4% |
| Beta vs S&P 500 | 1.11 | 3.46 |
| Max drawdown (3Y) | -53.8% | -95.3% |
| Market cap | $0.3B | $0.1B |
| P/E (trailing) | 15.9 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GBFH | MVIS |
|---|---|---|
| 2022 | – | -53.1% |
| 2023 | – | +13.2% |
| 2024 | – | -50.8% |
| 2025 | -21.2% | -36.6% |
| 2026 | -40.0% | +126.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GBFH and MVIS good diversifiers for each other?
Yes: at -0.45, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between GBFH and MVIS?
Using weekly returns as of 2026-08-27: -0.45 over 3 years, with -0.67 over the last year and n/a over 5 years.
Is MVIS a good diversifier for GBFH?
Yes: at -0.45, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.45 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/gbfh-vs-mvis.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gbfh-vs-mvis/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GBFH correlations · MVIS correlations
