GH vs GSAT: Correlation
Guardant Health, Inc. (GH) and Globalstar, Inc. (GSAT) show a moderate relationship: their 3-year correlation of weekly returns is 0.40.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GH and GSAT?
Over the past 3 years, GH and GSAT moved with a correlation of 0.40, which is moderate. The past 12 months show a weaker link (0.29) than the 3-year average (0.40). Over 5 years the correlation is 0.34, and the annualized covariance of weekly returns is 1684.8 %².
By 3-year correlation, GSAT places #7 of the 12 assets tracked against GH. The last year tells two different stories: GSAT led by 25.6 percentage points, +165.4% for GH against +191.0% for GSAT.
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.
GH vs GSAT: side by side
| GH (Guardant Health, Inc.) | GSAT (Globalstar, Inc.) | |
|---|---|---|
| 1-year return | +165.4% | +191.0% |
| 5-year return | +33.5% | +132.8% |
| Volatility (ann.) | 64.9% | 65.0% |
| Beta vs S&P 500 | 1.44 | 1.38 |
| Max drawdown (3Y) | -59.8% | -50.7% |
| Market cap | $22.6B | $10.6B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GH | GSAT |
|---|---|---|
| 2022 | -72.8% | +14.7% |
| 2023 | -0.6% | +45.9% |
| 2024 | +12.9% | +6.7% |
| 2025 | +234.3% | +96.6% |
| 2026 | +65.0% | +34.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GH and GSAT good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between GH and GSAT?
As of 2026-08-27, the correlation of weekly returns between GH and GSAT is 0.40 over 3 years, 0.29 over 1 year and 0.34 over 5 years.
Is GSAT a good diversifier for GH?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.40 mean?
On the −1 to +1 scale, 0.40 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/gh-vs-gsat.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/gh-vs-gsat/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GH correlations · GSAT correlations
