GIBO vs SUIG: Correlation
Measured on weekly returns over the past three years, GIBO Holdings Limited - Class A (GIBO) and Sui Group Holdings Limited (SUIG) carry a correlation of 0.44, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GIBO and SUIG?
Across a 3-year window, the weekly returns of GIBO and SUIG correlate at 0.44, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.07 versus 0.44 over 3 years. Stretching to 5 years gives n/a, with an annualized covariance of 8249.7 %².
SUIG is one of the assets that tracks GIBO most closely: it ranks #1 out of the 33 assets we track against GIBO. Correlation aside, the last 12 months split them widely, with GIBO ahead by 21.0 points (-62.4% versus -83.4%).
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 SUIG: side by side
| GIBO (GIBO Holdings Limited - Class A) | SUIG (Sui Group Holdings Limited) | |
|---|---|---|
| 1-year return | -62.4% | -83.4% |
| 5-year return | n/a | -88.3% |
| Volatility (ann.) | 116.5% | 162.1% |
| Beta vs S&P 500 | -0.40 | 1.61 |
| Max drawdown (3Y) | -100.0% | -89.2% |
| 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 | SUIG |
|---|---|---|
| 2022 | – | -75.1% |
| 2023 | – | +19.5% |
| 2024 | +7.8% | -20.3% |
| 2025 | -99.9% | -14.4% |
| 2026 | -38.3% | -38.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GIBO and SUIG good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between GIBO and SUIG?
The GIBO/SUIG correlation stands at 0.44 on a 3-year window (1 year: 0.07, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is SUIG a good diversifier for GIBO?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.44 mean?
A reading of 0.44 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: GIBO correlations · SUIG correlations
