GMHS vs HMY: Correlation
Gamehaus Holdings Inc. - Class A (GMHS) and Harmony Gold Mining Company Limited (HMY) show a negative relationship: their 3-year correlation of weekly returns is -0.28.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GMHS and HMY?
On 3 years of weekly data the GMHS/HMY correlation comes out at -0.28, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.35 over 1 year against -0.28 over 3. The 5-year figure is n/a, and annualized covariance runs at -1549.8 %².
Among the 28 assets we track against GMHS, HMY sits near the bottom by co-movement, at rank #25. Correlation aside, the last 12 months split them widely, with HMY ahead by 81.2 points (-35.1% versus +46.1%).
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.
GMHS vs HMY: side by side
| GMHS (Gamehaus Holdings Inc. - Class A) | HMY (Harmony Gold Mining Company Limited) | |
|---|---|---|
| 1-year return | -35.1% | +46.1% |
| 5-year return | n/a | +492.0% |
| Volatility (ann.) | 86.7% | 63.5% |
| Beta vs S&P 500 | -0.16 | 1.18 |
| Max drawdown (3Y) | -95.8% | -48.8% |
| Market cap | – | – |
| P/E (trailing) | 8.1 | 13.9 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GMHS | HMY |
|---|---|---|
| 2022 | – | -16.4% |
| 2023 | – | +82.5% |
| 2024 | +8.1% | +35.4% |
| 2025 | -91.6% | +144.2% |
| 2026 | -23.0% | +7.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GMHS and HMY good diversifiers for each other?
Yes: at -0.28, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between GMHS and HMY?
As of 2026-08-27, the correlation of weekly returns between GMHS and HMY is -0.28 over 3 years, -0.35 over 1 year and n/a over 5 years.
Is HMY a good diversifier for GMHS?
Yes: at -0.28, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.28 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: GMHS correlations · HMY correlations
