GIGM vs SIBN: Correlation
How closely do GigaMedia Limited (GIGM) and SI-BONE, Inc. (SIBN) trade together? Their weekly returns over three years give a correlation of -0.19, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GIGM and SIBN?
On 3 years of weekly data the GIGM/SIBN correlation comes out at -0.19, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.12 over 1 year against -0.19 over 3. The 5-year figure is 0.02, and annualized covariance runs at -252.5 %².
Out of 10 assets tracked against GIGM, SIBN lands near the bottom at #8. Correlation aside, the last 12 months split them widely, with SIBN ahead by 23.9 points (-8.2% versus +15.7%). One caveat on sizing: SIBN is 2.0 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
GIGM vs SIBN: side by side
| GIGM (GigaMedia Limited) | SIBN (SI-BONE, Inc.) | |
|---|---|---|
| 1-year return | -8.2% | +15.7% |
| 5-year return | -44.2% | -19.1% |
| Volatility (ann.) | 25.6% | 52.2% |
| Beta vs S&P 500 | 0.27 | 0.73 |
| Max drawdown (3Y) | -29.6% | -49.3% |
| Market cap | – | $0.9B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GIGM | SIBN |
|---|---|---|
| 2022 | -46.2% | -38.8% |
| 2023 | +14.9% | +54.3% |
| 2024 | +11.5% | -33.2% |
| 2025 | -1.9% | +40.7% |
| 2026 | -4.6% | -2.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GIGM and SIBN good diversifiers for each other?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
FAQ
What is the correlation between GIGM and SIBN?
As of 2026-08-27, the correlation of weekly returns between GIGM and SIBN is -0.19 over 3 years, -0.12 over 1 year and 0.02 over 5 years.
Is SIBN a good diversifier for GIGM?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
What does a correlation of -0.19 mean?
A reading of -0.19 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/gigm-vs-sibn.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/gigm-vs-sibn/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: GIGM correlations · SIBN correlations
