GL vs TPCS: Correlation
Measured on weekly returns over the past three years, Globe Life (GL) and TechPrecision Corporation (TPCS) carry a correlation of -0.34, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GL and TPCS?
Over the past 3 years, GL and TPCS moved with a correlation of -0.34, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.12) than the 3-year average (-0.34). Over 5 years the correlation is -0.28, and the annualized covariance of weekly returns is -869.2 %².
Out of 30 assets tracked against GL, TPCS lands near the bottom at #27. Their recent paths diverged sharply: over the last 12 months GL outperformed by 22.6 percentage points (+26.1% for GL against +3.5% for TPCS). Note the risk asymmetry: TPCS runs 2.0 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.
GL vs TPCS: side by side
| GL (Globe Life) | TPCS (TechPrecision Corporation) | |
|---|---|---|
| 1-year return | +26.1% | +3.5% |
| 5-year return | +91.0% | -11.6% |
| Volatility (ann.) | 35.7% | 71.2% |
| Beta vs S&P 500 | 0.60 | 0.74 |
| Max drawdown (3Y) | -61.6% | -71.6% |
| Market cap | $13.5B | $0.1B |
| P/E (trailing) | 11.7 | – |
| Dividend yield | 0.68% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | GL | TPCS |
|---|---|---|
| 2022 | +29.7% | +2.0% |
| 2023 | +1.8% | -37.4% |
| 2024 | -7.5% | -29.5% |
| 2025 | +26.5% | +32.3% |
| 2026 | +26.5% | +14.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GL and TPCS good diversifiers for each other?
Yes. With a correlation of -0.34, GL and TPCS have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between GL and TPCS?
As of 2026-08-27, the correlation of weekly returns between GL and TPCS is -0.34 over 3 years, 0.12 over 1 year and -0.28 over 5 years.
Is TPCS a good diversifier for GL?
Yes. With a correlation of -0.34, GL and TPCS have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.34 mean?
On the −1 to +1 scale, -0.34 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/gl-vs-tpcs.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/gl-vs-tpcs/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GL correlations · TPCS correlations
