GIBO vs PKE: Correlation
How closely do GIBO Holdings Limited - Class A (GIBO) and Park Aerospace Corp. (PKE) trade together? Their weekly returns over three years give a correlation of -0.26, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GIBO and PKE?
Over the past 3 years, GIBO and PKE moved with a correlation of -0.26, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.20 lands near the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -1098.3 %².
Among the 33 assets we track against GIBO, PKE ranks #26 by 3-year correlation. Correlation aside, the last 12 months split them widely, with PKE ahead by 138.5 points (-62.4% versus +76.1%). Risk is not evenly split, since GIBO carries 3.2 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 PKE: side by side
| GIBO (GIBO Holdings Limited - Class A) | PKE (Park Aerospace Corp.) | |
|---|---|---|
| 1-year return | -62.4% | +76.1% |
| 5-year return | n/a | +176.6% |
| Volatility (ann.) | 116.5% | 36.0% |
| Beta vs S&P 500 | -0.40 | 0.80 |
| Max drawdown (3Y) | -100.0% | -26.6% |
| Market cap | $0.1B | $0.7B |
| P/E (trailing) | – | 51.8 |
| Dividend yield | 0.00% | 1.52% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GIBO | PKE |
|---|---|---|
| 2022 | – | +4.9% |
| 2023 | – | +21.5% |
| 2024 | +7.8% | +3.2% |
| 2025 | -99.9% | +50.5% |
| 2026 | -38.3% | +54.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GIBO and PKE good diversifiers for each other?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
FAQ
What is the correlation between GIBO and PKE?
The GIBO/PKE correlation stands at -0.26 on a 3-year window (1 year: -0.20, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is PKE a good diversifier for GIBO?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
What does a correlation of -0.26 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: GIBO correlations · PKE correlations
