GIBO vs KEQU: Correlation
Measured on weekly returns over the past three years, GIBO Holdings Limited - Class A (GIBO) and Kewaunee Scientific Corporation (KEQU) carry a correlation of -0.25, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GIBO and KEQU?
On 3 years of weekly data the GIBO/KEQU correlation comes out at -0.25, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.24) sits close to the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at -1774.8 %².
By 3-year correlation, KEQU places #22 of the 33 assets tracked against GIBO. Their recent paths diverged sharply: over the last 12 months KEQU outperformed by 30.4 percentage points (-62.4% for GIBO against -32.0% for KEQU). Note the risk asymmetry: GIBO runs 1.9 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.
GIBO vs KEQU: side by side
| GIBO (GIBO Holdings Limited - Class A) | KEQU (Kewaunee Scientific Corporation) | |
|---|---|---|
| 1-year return | -62.4% | -32.0% |
| 5-year return | n/a | +186.6% |
| Volatility (ann.) | 116.5% | 61.0% |
| Beta vs S&P 500 | -0.40 | 0.69 |
| Max drawdown (3Y) | -100.0% | -55.4% |
| Market cap | $0.1B | $0.1B |
| P/E (trailing) | – | 11.8 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GIBO | KEQU |
|---|---|---|
| 2022 | – | +25.6% |
| 2023 | – | +82.3% |
| 2024 | +7.8% | +112.8% |
| 2025 | -99.9% | -39.5% |
| 2026 | -38.3% | +1.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GIBO and KEQU good diversifiers for each other?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between GIBO and KEQU?
The GIBO/KEQU correlation stands at -0.25 on a 3-year window (1 year: -0.24, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is KEQU a good diversifier for GIBO?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.25 mean?
A reading of -0.25 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/gibo-vs-kequ.json
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Related comparisons
Hubs: GIBO correlations · KEQU correlations
