GIPR vs NCPL: Correlation
How closely do Generation Income Properties Inc. (GIPR) and Netcapital Inc. (NCPL) trade together? Their weekly returns over three years give a correlation of 0.52, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GIPR and NCPL?
Over the past 3 years, GIPR and NCPL moved with a correlation of 0.52, which is moderate. The past 12 months show a tighter link (0.64) than the 3-year average (0.52). Over 5 years the correlation is 0.47, and the annualized covariance of weekly returns is 8797.7 %².
In GIPR's tracked universe of 13 assets, NCPL sits right near the top at #1. The last year tells two different stories: NCPL led by 20.8 percentage points, -95.2% for GIPR against -74.4% for NCPL.
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.
GIPR vs NCPL: side by side
| GIPR (Generation Income Properties Inc.) | NCPL (Netcapital Inc.) | |
|---|---|---|
| 1-year return | -95.2% | -74.4% |
| 5-year return | -99.3% | -99.9% |
| Volatility (ann.) | 110.2% | 152.6% |
| Beta vs S&P 500 | 1.42 | 1.81 |
| Max drawdown (3Y) | -99.4% | -99.4% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GIPR | NCPL |
|---|---|---|
| 2022 | -14.6% | -90.0% |
| 2023 | -9.2% | -85.9% |
| 2024 | -51.1% | -86.0% |
| 2025 | -64.8% | -68.3% |
| 2026 | -93.0% | -18.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GIPR and NCPL good diversifiers for each other?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between GIPR and NCPL?
As of 2026-08-27, the correlation of weekly returns between GIPR and NCPL is 0.52 over 3 years, 0.64 over 1 year and 0.47 over 5 years.
Is NCPL a good diversifier for GIPR?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.52 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/gipr-vs-ncpl.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/gipr-vs-ncpl/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GIPR correlations · NCPL correlations
