GITS vs MANH: Correlation
Measured on weekly returns over the past three years, Global Interactive Technologies, Inc. (GITS) and Manhattan Associates, Inc. (MANH) carry a correlation of -0.40, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GITS and MANH?
Across a 3-year window, the weekly returns of GITS and MANH correlate at -0.40, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.04) runs above the 3-year figure (-0.40). Stretching to 5 years gives n/a, with an annualized covariance of -22276.7 %².
MANH is close to the least connected end of GITS's tracked universe, ranking #35 of 35. Correlation aside, the last 12 months split them widely, with MANH ahead by 24.3 points (-22.1% versus +2.2%). One caveat on sizing: GITS is 32.4 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.
GITS vs MANH: side by side
| GITS (Global Interactive Technologies, Inc.) | MANH (Manhattan Associates, Inc.) | |
|---|---|---|
| 1-year return | -22.1% | +2.2% |
| 5-year return | n/a | +35.7% |
| Volatility (ann.) | 1352.0% | 41.7% |
| Beta vs S&P 500 | -3.91 | 1.25 |
| Max drawdown (3Y) | -98.4% | -61.0% |
| Market cap | – | $13.0B |
| P/E (trailing) | – | 63.9 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GITS | MANH |
|---|---|---|
| 2022 | – | -21.9% |
| 2023 | – | +77.4% |
| 2024 | -69.5% | +25.5% |
| 2025 | +186.6% | -35.9% |
| 2026 | +154.2% | +29.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GITS and MANH good diversifiers for each other?
Yes. With a correlation of -0.40, GITS and MANH have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between GITS and MANH?
Using weekly returns as of 2026-08-27: -0.40 over 3 years, with -0.04 over the last year and n/a over 5 years.
Is MANH a good diversifier for GITS?
Yes. With a correlation of -0.40, GITS and MANH have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.40 mean?
On the −1 to +1 scale, -0.40 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/gits-vs-manh.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gits-vs-manh/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GITS correlations · MANH correlations
