GGR vs OLP: Correlation
Measured on weekly returns over the past three years, Gogoro Inc. (GGR) and One Liberty Properties, Inc. (OLP) carry a correlation of 0.35, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GGR and OLP?
Over the past 3 years, GGR and OLP moved with a correlation of 0.35, which is moderate. Recent behaviour matches the longer record: 0.38 over 1 year against 0.35 over 3. Over 5 years the correlation is 0.29, and the annualized covariance of weekly returns is 547.7 %².
Among the 10 assets we track against GGR, OLP ranks #4 by 3-year correlation. The last year tells two different stories: OLP led by 78.3 percentage points, -65.3% for GGR against +13.0% for OLP. Note the risk asymmetry: GGR runs 3.4 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.
GGR vs OLP: side by side
| GGR (Gogoro Inc.) | OLP (One Liberty Properties, Inc.) | |
|---|---|---|
| 1-year return | -65.3% | +13.0% |
| 5-year return | -98.7% | +11.9% |
| Volatility (ann.) | 73.2% | 21.5% |
| Beta vs S&P 500 | 1.20 | 0.49 |
| Max drawdown (3Y) | -96.4% | -28.8% |
| Market cap | $0.1B | $0.5B |
| P/E (trailing) | – | 15.3 |
| Dividend yield | 0.00% | 7.44% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GGR | OLP |
|---|---|---|
| 2022 | -67.8% | -32.3% |
| 2023 | -18.9% | +7.6% |
| 2024 | -80.6% | +33.5% |
| 2025 | -72.6% | -19.6% |
| 2026 | -6.2% | +23.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GGR and OLP good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.35 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between GGR and OLP?
The GGR/OLP correlation stands at 0.35 on a 3-year window (1 year: 0.38, 5 years: 0.29), computed from weekly returns as of 2026-08-27.
Is OLP a good diversifier for GGR?
Yes, to a useful degree: a correlation of 0.35 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.35 mean?
On the −1 to +1 scale, 0.35 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
$ curl https://www.pairbook.io/api/v1/pairs/ggr-vs-olp.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ggr-vs-olp/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GGR correlations · OLP correlations
