GIBO vs TAOX: Correlation
GIBO Holdings Limited - Class A (GIBO) and Tao Synergies Inc. (TAOX) 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 TAOX?
Over the past 3 years, GIBO and TAOX moved with a correlation of -0.25, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.15 versus -0.25 over 3 years. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -2689.2 %².
Among the 33 assets we track against GIBO, TAOX ranks #24 by 3-year correlation. The last year tells two different stories: TAOX led by 24.2 percentage points, -62.4% for GIBO against -38.2% for TAOX.
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 TAOX: side by side
| GIBO (GIBO Holdings Limited - Class A) | TAOX (Tao Synergies Inc.) | |
|---|---|---|
| 1-year return | -62.4% | -38.2% |
| 5-year return | n/a | -97.5% |
| Volatility (ann.) | 116.5% | 92.9% |
| Beta vs S&P 500 | -0.40 | 1.78 |
| Max drawdown (3Y) | -100.0% | -84.6% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | 2.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GIBO | TAOX |
|---|---|---|
| 2022 | – | -86.4% |
| 2023 | – | -76.6% |
| 2024 | +7.8% | -49.0% |
| 2025 | -99.9% | +6.1% |
| 2026 | -38.3% | +16.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GIBO and TAOX good diversifiers for each other?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between GIBO and TAOX?
Using weekly returns as of 2026-08-27: -0.25 over 3 years, with 0.15 over the last year and n/a over 5 years.
Is TAOX a good diversifier for GIBO?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.25 mean?
A reading of -0.25 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 · TAOX correlations
