GCTK vs WLDS: Correlation
GlucoTrack, Inc. (GCTK) and Wearable Devices Ltd. (WLDS) show a moderate relationship: their 3-year correlation of weekly returns is 0.39.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GCTK and WLDS?
On 3 years of weekly data the GCTK/WLDS correlation comes out at 0.39, moderate. The link has tightened recently: the 1-year correlation (0.61) runs above the 3-year figure (0.39). The 5-year figure is 0.28, and annualized covariance runs at 32370.4 %².
By 3-year correlation, WLDS places #4 of the 10 assets tracked against GCTK. The last year tells two different stories: WLDS led by 17.1 percentage points, -93.6% for GCTK against -76.5% for WLDS. Risk is not evenly split, since WLDS carries 2.7 times the volatility of the other side.
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.
GCTK vs WLDS: side by side
| GCTK (GlucoTrack, Inc.) | WLDS (Wearable Devices Ltd.) | |
|---|---|---|
| 1-year return | -93.6% | -76.5% |
| 5-year return | -100.0% | n/a |
| Volatility (ann.) | 174.3% | 475.5% |
| Beta vs S&P 500 | 1.74 | 3.22 |
| Max drawdown (3Y) | -100.0% | -99.8% |
| Market cap | – | – |
| P/E (trailing) | 0.3 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GCTK | WLDS |
|---|---|---|
| 2022 | -66.2% | – |
| 2023 | -81.4% | -21.1% |
| 2024 | -71.5% | -68.3% |
| 2025 | -99.1% | -86.9% |
| 2026 | -92.6% | -77.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GCTK and WLDS good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between GCTK and WLDS?
As of 2026-08-27, the correlation of weekly returns between GCTK and WLDS is 0.39 over 3 years, 0.61 over 1 year and 0.28 over 5 years.
Is WLDS a good diversifier for GCTK?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.39 mean?
A reading of 0.39 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
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Related comparisons
Hubs: GCTK correlations · WLDS correlations
