GGR vs ZD: Correlation
Measured on weekly returns over the past three years, Gogoro Inc. (GGR) and Ziff Davis, Inc. (ZD) carry a correlation of 0.38, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GGR and ZD?
On 3 years of weekly data the GGR/ZD correlation comes out at 0.38, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.62 versus 0.38 over 3 years. The 5-year figure is 0.30, and annualized covariance runs at 1461.6 %².
ZD is one of the assets that tracks GGR most closely: it ranks #2 out of the 10 assets we track against GGR. Their recent paths diverged sharply: over the last 12 months ZD outperformed by 113.0 percentage points (-65.3% for GGR against +47.7% for ZD).
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 ZD: side by side
| GGR (Gogoro Inc.) | ZD (Ziff Davis, Inc.) | |
|---|---|---|
| 1-year return | -65.3% | +47.7% |
| 5-year return | -98.7% | -53.5% |
| Volatility (ann.) | 73.2% | 52.4% |
| Beta vs S&P 500 | 1.20 | 1.08 |
| Max drawdown (3Y) | -96.4% | -62.6% |
| Market cap | $0.1B | $1.9B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GGR | ZD |
|---|---|---|
| 2022 | -67.8% | -28.6% |
| 2023 | -18.9% | -15.1% |
| 2024 | -80.6% | -19.1% |
| 2025 | -72.6% | -35.3% |
| 2026 | -6.2% | +58.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GGR and ZD good diversifiers for each other?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between GGR and ZD?
Using weekly returns as of 2026-08-27: 0.38 over 3 years, with 0.62 over the last year and 0.30 over 5 years.
Is ZD a good diversifier for GGR?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.38 mean?
A reading of 0.38 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
$ curl https://www.pairbook.io/api/v1/pairs/ggr-vs-zd.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ggr-vs-zd/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GGR correlations · ZD correlations
