GIBO vs VSAT: Correlation
Measured on weekly returns over the past three years, GIBO Holdings Limited - Class A (GIBO) and ViaSat, Inc. (VSAT) 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 VSAT?
Across a 3-year window, the weekly returns of GIBO and VSAT correlate at -0.22, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.16 lands near the 3-year figure. Stretching to 5 years gives n/a, with an annualized covariance of -2087.2 %².
Within GIBO's tracked universe of 33 assets, VSAT comes in at #18 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months VSAT outperformed by 186.2 percentage points (-62.4% for GIBO against +123.8% for VSAT).
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 VSAT: side by side
| GIBO (GIBO Holdings Limited - Class A) | VSAT (ViaSat, Inc.) | |
|---|---|---|
| 1-year return | -62.4% | +123.8% |
| 5-year return | n/a | +40.0% |
| Volatility (ann.) | 116.5% | 82.3% |
| Beta vs S&P 500 | -0.40 | 1.26 |
| Max drawdown (3Y) | -100.0% | -76.4% |
| Market cap | $0.1B | $10.0B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GIBO | VSAT |
|---|---|---|
| 2022 | – | -28.9% |
| 2023 | – | -11.7% |
| 2024 | +7.8% | -69.6% |
| 2025 | -99.9% | +304.9% |
| 2026 | -38.3% | +111.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GIBO and VSAT good diversifiers for each other?
Yes. With a correlation of -0.22, GIBO and VSAT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between GIBO and VSAT?
The GIBO/VSAT correlation stands at -0.22 on a 3-year window (1 year: -0.16, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is VSAT a good diversifier for GIBO?
Yes. With a correlation of -0.22, GIBO and VSAT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.22 mean?
On the −1 to +1 scale, -0.22 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/gibo-vs-vsat.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gibo-vs-vsat/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GIBO correlations · VSAT correlations
