GITS vs PKG: Correlation
Measured on weekly returns over the past three years, Global Interactive Technologies, Inc. (GITS) and Packaging Corporation of America (PKG) carry a correlation of -0.27, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GITS and PKG?
On 3 years of weekly data the GITS/PKG correlation comes out at -0.27, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.04) than the 3-year average (-0.27). The 5-year figure is n/a, and annualized covariance runs at -8702.2 %².
Among the 35 assets we track against GITS, PKG ranks #29 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months PKG outperformed by 40.6 percentage points (-22.1% for GITS against +18.5% for PKG). One caveat on sizing: GITS is 57.5 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 PKG: side by side
| GITS (Global Interactive Technologies, Inc.) | PKG (Packaging Corporation of America) | |
|---|---|---|
| 1-year return | -22.1% | +18.5% |
| 5-year return | n/a | +86.8% |
| Volatility (ann.) | 1352.0% | 23.5% |
| Beta vs S&P 500 | -3.91 | 0.52 |
| Max drawdown (3Y) | -98.4% | -28.4% |
| Market cap | – | $21.7B |
| P/E (trailing) | – | 31.6 |
| Dividend yield | 0.00% | 2.13% |
| Sector / category | US Listed | Materials |
Year-by-year returns
| Year | GITS | PKG |
|---|---|---|
| 2022 | – | -2.6% |
| 2023 | – | +31.9% |
| 2024 | -69.5% | +41.7% |
| 2025 | +186.6% | -6.1% |
| 2026 | +154.2% | +19.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GITS and PKG good diversifiers for each other?
By historical standards, yes. A correlation of -0.27 means the two rarely move for the same reasons.
FAQ
What is the correlation between GITS and PKG?
Using weekly returns as of 2026-08-27: -0.27 over 3 years, with 0.04 over the last year and n/a over 5 years.
Is PKG a good diversifier for GITS?
By historical standards, yes. A correlation of -0.27 means the two rarely move for the same reasons.
What does a correlation of -0.27 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.
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Related comparisons
Hubs: GITS correlations · PKG correlations
