GMHS vs RNAZ: Correlation
How closely do Gamehaus Holdings Inc. - Class A (GMHS) and TransCode Therapeutics, Inc. (RNAZ) trade together? Their weekly returns over three years give a correlation of -0.17, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GMHS and RNAZ?
Across a 3-year window, the weekly returns of GMHS and RNAZ correlate at -0.17, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.03 versus -0.17 over 3 years. Stretching to 5 years gives n/a, with an annualized covariance of -2553.3 %².
Within GMHS's tracked universe of 28 assets, RNAZ comes in at #10 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months GMHS outperformed by 42.2 percentage points (-35.1% for GMHS against -77.3% for RNAZ). Risk is not evenly split, since RNAZ carries 2.0 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.
GMHS vs RNAZ: side by side
| GMHS (Gamehaus Holdings Inc. - Class A) | RNAZ (TransCode Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | -35.1% | -77.3% |
| 5-year return | n/a | -100.0% |
| Volatility (ann.) | 86.7% | 173.5% |
| Beta vs S&P 500 | -0.16 | 2.47 |
| Max drawdown (3Y) | -95.8% | -100.0% |
| Market cap | – | – |
| P/E (trailing) | 8.1 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GMHS | RNAZ |
|---|---|---|
| 2022 | – | -73.5% |
| 2023 | – | -98.8% |
| 2024 | +8.1% | -98.5% |
| 2025 | -91.6% | -92.8% |
| 2026 | -23.0% | -66.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GMHS and RNAZ good diversifiers for each other?
Yes: at -0.17, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between GMHS and RNAZ?
As of 2026-08-27, the correlation of weekly returns between GMHS and RNAZ is -0.17 over 3 years, -0.03 over 1 year and n/a over 5 years.
Is RNAZ a good diversifier for GMHS?
Yes: at -0.17, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.17 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 · RNAZ correlations
