GMEX vs PBAM: Correlation
GMEX ROBOTICS CORPORATION - Class A (GMEX) and Private Bancorp of America, Inc. (PBAM) show a negative relationship: their 3-year correlation of weekly returns is -0.17.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GMEX and PBAM?
Over the past 3 years, GMEX and PBAM moved with a correlation of -0.17, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.22 versus -0.17 over 3 years. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -630.8 %².
Among the 17 assets we track against GMEX, PBAM ranks #8 by 3-year correlation. Correlation aside, the last 12 months split them widely, with PBAM ahead by 153.6 points (-100.0% versus +53.6%). Risk is not evenly split, since GMEX carries 10.3 times the volatility of the other side.
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.
GMEX vs PBAM: side by side
| GMEX (GMEX ROBOTICS CORPORATION - Class A) | PBAM (Private Bancorp of America, Inc.) | |
|---|---|---|
| 1-year return | -100.0% | +53.6% |
| 5-year return | n/a | +253.3% |
| Volatility (ann.) | 195.3% | 19.0% |
| Beta vs S&P 500 | 2.43 | 0.13 |
| Max drawdown (3Y) | -100.0% | -14.8% |
| Market cap | – | $0.5B |
| P/E (trailing) | – | 11.5 |
| Dividend yield | 4710.28% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GMEX | PBAM |
|---|---|---|
| 2022 | – | +20.2% |
| 2023 | – | +8.1% |
| 2024 | +471.2% | +65.0% |
| 2025 | -99.6% | -0.4% |
| 2026 | -99.6% | +53.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GMEX and PBAM good diversifiers for each other?
Yes. With a correlation of -0.17, GMEX and PBAM have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between GMEX and PBAM?
The GMEX/PBAM correlation stands at -0.17 on a 3-year window (1 year: 0.22, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is PBAM a good diversifier for GMEX?
Yes. With a correlation of -0.17, GMEX and PBAM have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.17 mean?
A reading of -0.17 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/gmex-vs-pbam.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gmex-vs-pbam/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GMEX correlations · PBAM correlations
