GDHG vs IMTE: Correlation
Golden Heaven Group Holdings Ltd. - Class A (GDHG) and Integrated Media Technology Limited (IMTE) show a moderate relationship: their 3-year correlation of weekly returns is 0.56.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GDHG and IMTE?
On 3 years of weekly data the GDHG/IMTE correlation comes out at 0.56, moderate. The past 12 months show a weaker link (0.17) than the 3-year average (0.56). The 5-year figure is n/a, and annualized covariance runs at 18589.5 %².
In GDHG's tracked universe of 13 assets, IMTE sits right near the top at #1. The last year tells two different stories: IMTE led by 27.8 percentage points, -77.4% for GDHG against -49.6% for IMTE.
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.
GDHG vs IMTE: side by side
| GDHG (Golden Heaven Group Holdings Ltd. - Class A) | IMTE (Integrated Media Technology Limited) | |
|---|---|---|
| 1-year return | -77.4% | -49.6% |
| 5-year return | n/a | -99.0% |
| Volatility (ann.) | 203.3% | 164.0% |
| Beta vs S&P 500 | 1.20 | -0.05 |
| Max drawdown (3Y) | -100.0% | -90.0% |
| Market cap | – | – |
| P/E (trailing) | 0.0 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GDHG | IMTE |
|---|---|---|
| 2022 | – | -84.6% |
| 2023 | – | -60.6% |
| 2024 | -93.7% | -53.9% |
| 2025 | -99.8% | -51.9% |
| 2026 | -31.8% | -19.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GDHG and IMTE good diversifiers for each other?
Somewhat, no more. With 0.56 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between GDHG and IMTE?
The GDHG/IMTE correlation stands at 0.56 on a 3-year window (1 year: 0.17, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is IMTE a good diversifier for GDHG?
Somewhat, no more. With 0.56 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.56 mean?
On the −1 to +1 scale, 0.56 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
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Related comparisons
Hubs: GDHG correlations · IMTE correlations
