GIBO vs SEDG: Correlation
Measured on weekly returns over the past three years, GIBO Holdings Limited - Class A (GIBO) and SolarEdge Technologies, Inc. (SEDG) carry a correlation of -0.22, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GIBO and SEDG?
On 3 years of weekly data the GIBO/SEDG correlation comes out at -0.22, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.08 versus -0.22 over 3 years. The 5-year figure is n/a, and annualized covariance runs at -2594.9 %².
By 3-year correlation, SEDG places #17 of the 33 assets tracked against GIBO. Correlation aside, the last 12 months split them widely, with SEDG ahead by 63.7 points (-62.4% versus +1.3%).
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 SEDG: side by side
| GIBO (GIBO Holdings Limited - Class A) | SEDG (SolarEdge Technologies, Inc.) | |
|---|---|---|
| 1-year return | -62.4% | +1.3% |
| 5-year return | n/a | -88.7% |
| Volatility (ann.) | 116.5% | 99.4% |
| Beta vs S&P 500 | -0.40 | 0.93 |
| Max drawdown (3Y) | -100.0% | -93.7% |
| Market cap | $0.1B | $2.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GIBO | SEDG |
|---|---|---|
| 2022 | – | +1.0% |
| 2023 | – | -67.0% |
| 2024 | +7.8% | -85.5% |
| 2025 | -99.9% | +112.1% |
| 2026 | -38.3% | +16.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GIBO and SEDG good diversifiers for each other?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
FAQ
What is the correlation between GIBO and SEDG?
The GIBO/SEDG correlation stands at -0.22 on a 3-year window (1 year: -0.08, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is SEDG a good diversifier for GIBO?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
What does a correlation of -0.22 mean?
A reading of -0.22 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-sedg.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/gibo-vs-sedg/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GIBO correlations · SEDG correlations
