GIBO vs OPXS: Correlation
How closely do GIBO Holdings Limited - Class A (GIBO) and Optex Systems Holdings, Inc. (OPXS) trade together? Their weekly returns over three years give a correlation of -0.17, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GIBO and OPXS?
On 3 years of weekly data the GIBO/OPXS correlation comes out at -0.17, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.00) runs above the 3-year figure (-0.17). The 5-year figure is n/a, and annualized covariance runs at -1209.3 %².
Within GIBO's tracked universe of 33 assets, OPXS comes in at #9 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months OPXS outperformed by 58.1 percentage points (-62.4% for GIBO against -4.3% for OPXS). Risk is not evenly split, since GIBO carries 1.9 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 OPXS: side by side
| GIBO (GIBO Holdings Limited - Class A) | OPXS (Optex Systems Holdings, Inc.) | |
|---|---|---|
| 1-year return | -62.4% | -4.3% |
| 5-year return | n/a | +540.0% |
| Volatility (ann.) | 116.5% | 59.8% |
| Beta vs S&P 500 | -0.40 | 0.67 |
| Max drawdown (3Y) | -100.0% | -45.7% |
| Market cap | $0.1B | $0.1B |
| P/E (trailing) | – | 19.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GIBO | OPXS |
|---|---|---|
| 2022 | – | +57.8% |
| 2023 | – | +122.2% |
| 2024 | +7.8% | +4.7% |
| 2025 | -99.9% | +106.7% |
| 2026 | -38.3% | -27.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GIBO and OPXS good diversifiers for each other?
Yes: at -0.17, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between GIBO and OPXS?
Using weekly returns as of 2026-08-27: -0.17 over 3 years, with 0.00 over the last year and n/a over 5 years.
Is OPXS a good diversifier for GIBO?
Yes: at -0.17, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.17 mean?
A reading of -0.17 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-opxs.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gibo-vs-opxs/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: GIBO correlations · OPXS correlations
