GMHS vs LGO: Correlation
How closely do Gamehaus Holdings Inc. - Class A (GMHS) and Largo Inc. (LGO) trade together? Their weekly returns over three years give a correlation of -0.19, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GMHS and LGO?
On 3 years of weekly data the GMHS/LGO correlation comes out at -0.19, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.29) sits close to the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at -1208.3 %².
Within GMHS's tracked universe of 28 assets, LGO comes in at #12 by 3-year correlation. Correlation aside, the last 12 months split them widely, with GMHS ahead by 16.1 points (-35.1% versus -51.2%).
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 LGO: side by side
| GMHS (Gamehaus Holdings Inc. - Class A) | LGO (Largo Inc.) | |
|---|---|---|
| 1-year return | -35.1% | -51.2% |
| 5-year return | n/a | -94.6% |
| Volatility (ann.) | 86.7% | 72.9% |
| Beta vs S&P 500 | -0.16 | 0.94 |
| Max drawdown (3Y) | -95.8% | -83.8% |
| Market cap | – | $0.1B |
| P/E (trailing) | 8.1 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GMHS | LGO |
|---|---|---|
| 2022 | – | -41.9% |
| 2023 | – | -57.1% |
| 2024 | +8.1% | -25.5% |
| 2025 | -91.6% | -45.3% |
| 2026 | -23.0% | -22.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GMHS and LGO good diversifiers for each other?
Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between GMHS and LGO?
As of 2026-08-27, the correlation of weekly returns between GMHS and LGO is -0.19 over 3 years, -0.29 over 1 year and n/a over 5 years.
Is LGO a good diversifier for GMHS?
Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.19 mean?
A reading of -0.19 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: GMHS correlations · LGO correlations
