GIBO vs LIDR: Correlation
GIBO Holdings Limited - Class A (GIBO) and AEye, Inc. (LIDR) 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 GIBO and LIDR?
Across a 3-year window, the weekly returns of GIBO and LIDR correlate at 0.40, moderate. The link has loosened recently: the 1-year correlation (0.11) runs below the 3-year figure (0.40). Stretching to 5 years gives n/a, with an annualized covariance of 9763.0 %².
Few assets follow GIBO as closely as LIDR, which ranks #3 of 33 tracked partners. Neither side won the trailing year by much: -62.4% against -60.3%. Risk is not evenly split, since LIDR carries 1.8 times the volatility of the other side.
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 LIDR: side by side
| GIBO (GIBO Holdings Limited - Class A) | LIDR (AEye, Inc.) | |
|---|---|---|
| 1-year return | -62.4% | -60.3% |
| 5-year return | n/a | -99.6% |
| Volatility (ann.) | 116.5% | 211.5% |
| Beta vs S&P 500 | -0.40 | 2.26 |
| Max drawdown (3Y) | -100.0% | -93.9% |
| Market cap | $0.1B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GIBO | LIDR |
|---|---|---|
| 2022 | – | -90.1% |
| 2023 | – | -84.1% |
| 2024 | +7.8% | -44.5% |
| 2025 | -99.9% | +44.9% |
| 2026 | -38.3% | -34.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GIBO and LIDR good diversifiers for each other?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between GIBO and LIDR?
As of 2026-08-27, the correlation of weekly returns between GIBO and LIDR is 0.40 over 3 years, 0.11 over 1 year and n/a over 5 years.
Is LIDR a good diversifier for GIBO?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
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/gibo-vs-lidr.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gibo-vs-lidr/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: GIBO correlations · LIDR correlations
