GCBC vs MNPR: Correlation
Measured on weekly returns over the past three years, Greene County Bancorp, Inc. (GCBC) and Monopar Therapeutics Inc. (MNPR) carry a correlation of -0.22, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GCBC and MNPR?
Over the past 3 years, GCBC and MNPR moved with a correlation of -0.22, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.11 versus -0.22 over 3 years. Over 5 years the correlation is -0.16, and the annualized covariance of weekly returns is -2030.7 %².
MNPR is close to the least connected end of GCBC's tracked universe, ranking #8 of 10. Their recent paths diverged sharply: over the last 12 months MNPR outperformed by 180.2 percentage points (+47.1% for GCBC against +227.3% for MNPR). One caveat on sizing: MNPR is 5.6 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.
GCBC vs MNPR: side by side
| GCBC (Greene County Bancorp, Inc.) | MNPR (Monopar Therapeutics Inc.) | |
|---|---|---|
| 1-year return | +47.1% | +227.3% |
| 5-year return | +139.6% | +365.1% |
| Volatility (ann.) | 40.5% | 225.0% |
| Beta vs S&P 500 | 0.75 | 1.74 |
| Max drawdown (3Y) | -42.9% | -67.3% |
| Market cap | $0.6B | $0.8B |
| P/E (trailing) | 14.4 | – |
| Dividend yield | 1.15% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GCBC | MNPR |
|---|---|---|
| 2022 | +57.9% | -26.2% |
| 2023 | -0.6% | -85.7% |
| 2024 | -0.6% | +1194.1% |
| 2025 | -18.5% | +196.8% |
| 2026 | +57.6% | +74.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GCBC and MNPR good diversifiers for each other?
Yes. With a correlation of -0.22, GCBC and MNPR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between GCBC and MNPR?
As of 2026-08-27, the correlation of weekly returns between GCBC and MNPR is -0.22 over 3 years, -0.11 over 1 year and -0.16 over 5 years.
Is MNPR a good diversifier for GCBC?
Yes. With a correlation of -0.22, GCBC and MNPR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.22 mean?
A reading of -0.22 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: GCBC correlations · MNPR correlations
