GITS vs PWR: Correlation
Measured on weekly returns over the past three years, Global Interactive Technologies, Inc. (GITS) and Quanta Services (PWR) carry a correlation of -0.25, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GITS and PWR?
Across a 3-year window, the weekly returns of GITS and PWR correlate at -0.25, 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 (-0.25). Stretching to 5 years gives n/a, with an annualized covariance of -11446.3 %².
By 3-year correlation, PWR places #26 of the 35 assets tracked against GITS. Their recent paths diverged sharply: over the last 12 months PWR outperformed by 85.2 percentage points (-22.1% for GITS against +63.1% for PWR). One caveat on sizing: GITS is 39.9 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 PWR: side by side
| GITS (Global Interactive Technologies, Inc.) | PWR (Quanta Services) | |
|---|---|---|
| 1-year return | -22.1% | +63.1% |
| 5-year return | n/a | +506.1% |
| Volatility (ann.) | 1352.0% | 33.9% |
| Beta vs S&P 500 | -3.91 | 1.29 |
| Max drawdown (3Y) | -98.4% | -33.9% |
| Market cap | – | $93.5B |
| P/E (trailing) | – | 70.4 |
| Dividend yield | 0.00% | 0.07% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | GITS | PWR |
|---|---|---|
| 2022 | – | +24.6% |
| 2023 | – | +51.7% |
| 2024 | -69.5% | +46.6% |
| 2025 | +186.6% | +33.7% |
| 2026 | +154.2% | +47.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GITS and PWR good diversifiers for each other?
Yes. With a correlation of -0.25, GITS and PWR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between GITS and PWR?
As of 2026-08-27, the correlation of weekly returns between GITS and PWR is -0.25 over 3 years, -0.04 over 1 year and n/a over 5 years.
Is PWR a good diversifier for GITS?
Yes. With a correlation of -0.25, GITS and PWR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.25 mean?
On the −1 to +1 scale, -0.25 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-pwr.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/gits-vs-pwr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GITS correlations · PWR correlations
