GIBO vs HCTI: Correlation
GIBO Holdings Limited - Class A (GIBO) and Healthcare Triangle, Inc. (HCTI) show a moderate relationship: their 3-year correlation of weekly returns is 0.36.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GIBO and HCTI?
Over the past 3 years, GIBO and HCTI moved with a correlation of 0.36, which is moderate. Little has changed lately, as the 1-year reading of 0.32 lands near the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 10499.6 %².
By 3-year correlation, HCTI places #5 of the 33 assets tracked against GIBO. Their recent paths diverged sharply: over the last 12 months GIBO outperformed by 37.1 percentage points (-62.4% for GIBO against -99.5% for HCTI). One caveat on sizing: HCTI is 2.1 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
GIBO vs HCTI: side by side
| GIBO (GIBO Holdings Limited - Class A) | HCTI (Healthcare Triangle, Inc.) | |
|---|---|---|
| 1-year return | -62.4% | -99.5% |
| 5-year return | n/a | -100.0% |
| Volatility (ann.) | 116.5% | 249.0% |
| Beta vs S&P 500 | -0.40 | 0.19 |
| Max drawdown (3Y) | -100.0% | -100.0% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GIBO | HCTI |
|---|---|---|
| 2022 | – | -90.1% |
| 2023 | – | +52.5% |
| 2024 | +7.8% | -64.1% |
| 2025 | -99.9% | -99.7% |
| 2026 | -38.3% | -97.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GIBO and HCTI good diversifiers for each other?
Reasonably. At 0.36, GIBO and HCTI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between GIBO and HCTI?
Using weekly returns as of 2026-08-27: 0.36 over 3 years, with 0.32 over the last year and n/a over 5 years.
Is HCTI a good diversifier for GIBO?
Reasonably. At 0.36, GIBO and HCTI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.36 mean?
On the −1 to +1 scale, 0.36 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/gibo-vs-hcti.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/gibo-vs-hcti/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GIBO correlations · HCTI correlations
