GIBO vs NKTR: Correlation
GIBO Holdings Limited - Class A (GIBO) and Nektar Therapeutics (NKTR) show a negative relationship: their 3-year correlation of weekly returns is -0.25.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GIBO and NKTR?
Over the past 3 years, GIBO and NKTR moved with a correlation of -0.25, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.07) than the 3-year average (-0.25). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -4381.4 %².
By 3-year correlation, NKTR places #23 of the 33 assets tracked against GIBO. The last year tells two different stories: NKTR led by 217.0 percentage points, -62.4% for GIBO against +154.6% for NKTR.
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 NKTR: side by side
| GIBO (GIBO Holdings Limited - Class A) | NKTR (Nektar Therapeutics) | |
|---|---|---|
| 1-year return | -62.4% | +154.6% |
| 5-year return | n/a | -67.2% |
| Volatility (ann.) | 116.5% | 152.4% |
| Beta vs S&P 500 | -0.40 | 3.24 |
| Max drawdown (3Y) | -100.0% | -73.2% |
| Market cap | $0.1B | $2.5B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GIBO | NKTR |
|---|---|---|
| 2022 | – | -83.3% |
| 2023 | – | -75.2% |
| 2024 | +7.8% | +66.1% |
| 2025 | -99.9% | +203.1% |
| 2026 | -38.3% | +76.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GIBO and NKTR good diversifiers for each other?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
FAQ
What is the correlation between GIBO and NKTR?
As of 2026-08-27, the correlation of weekly returns between GIBO and NKTR is -0.25 over 3 years, 0.07 over 1 year and n/a over 5 years.
Is NKTR a good diversifier for GIBO?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
What does a correlation of -0.25 mean?
On the −1 to +1 scale, -0.25 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.
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Related comparisons
Hubs: GIBO correlations · NKTR correlations
