GITS vs SLS: Correlation
Global Interactive Technologies, Inc. (GITS) and SELLAS Life Sciences Group, Inc. (SLS) show a moderate relationship: their 3-year correlation of weekly returns is 0.34.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GITS and SLS?
On 3 years of weekly data the GITS/SLS correlation comes out at 0.34, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.09 versus 0.34 over 3 years. The 5-year figure is n/a, and annualized covariance runs at 46472.7 %².
Within GITS's tracked universe of 35 assets, SLS comes in at #8 by 3-year correlation. The last year tells two different stories: SLS led by 714.3 percentage points, -22.1% for GITS against +692.2% for SLS. Note the risk asymmetry: GITS runs 13.4 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 SLS: side by side
| GITS (Global Interactive Technologies, Inc.) | SLS (SELLAS Life Sciences Group, Inc.) | |
|---|---|---|
| 1-year return | -22.1% | +692.2% |
| 5-year return | n/a | +65.0% |
| Volatility (ann.) | 1352.0% | 101.2% |
| Beta vs S&P 500 | -3.91 | 0.79 |
| Max drawdown (3Y) | -98.4% | -72.0% |
| Market cap | – | $3.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GITS | SLS |
|---|---|---|
| 2022 | – | -57.3% |
| 2023 | – | -55.1% |
| 2024 | -69.5% | -1.9% |
| 2025 | +186.6% | +262.5% |
| 2026 | +154.2% | +303.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GITS and SLS good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.34 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between GITS and SLS?
The GITS/SLS correlation stands at 0.34 on a 3-year window (1 year: 0.09, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is SLS a good diversifier for GITS?
Yes, to a useful degree: a correlation of 0.34 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.34 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/gits-vs-sls.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gits-vs-sls/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: GITS correlations · SLS correlations
