GMHS vs STE: Correlation
Gamehaus Holdings Inc. - Class A (GMHS) and Steris (STE) show a negative relationship: their 3-year correlation of weekly returns is -0.20.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GMHS and STE?
Across a 3-year window, the weekly returns of GMHS and STE correlate at -0.20, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.19 over 1 year against -0.20 over 3. Stretching to 5 years gives n/a, with an annualized covariance of -387.5 %².
By 3-year correlation, STE places #15 of the 28 assets tracked against GMHS. Correlation aside, the last 12 months split them widely, with STE ahead by 29.4 points (-35.1% versus -5.7%). One caveat on sizing: GMHS is 3.9 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 STE: side by side
| GMHS (Gamehaus Holdings Inc. - Class A) | STE (Steris) | |
|---|---|---|
| 1-year return | -35.1% | -5.7% |
| 5-year return | n/a | +13.6% |
| Volatility (ann.) | 86.7% | 22.3% |
| Beta vs S&P 500 | -0.16 | 0.43 |
| Max drawdown (3Y) | -95.8% | -25.4% |
| Market cap | – | $22.7B |
| P/E (trailing) | 8.1 | 28.5 |
| Dividend yield | 0.00% | 1.06% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | GMHS | STE |
|---|---|---|
| 2022 | – | -23.4% |
| 2023 | – | +20.2% |
| 2024 | +8.1% | -5.6% |
| 2025 | -91.6% | +24.3% |
| 2026 | -23.0% | -7.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GMHS and STE good diversifiers for each other?
Yes. With a correlation of -0.20, GMHS and STE have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between GMHS and STE?
The GMHS/STE correlation stands at -0.20 on a 3-year window (1 year: -0.19, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is STE a good diversifier for GMHS?
Yes. With a correlation of -0.20, GMHS and STE have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.20 mean?
A reading of -0.20 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/gmhs-vs-ste.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gmhs-vs-ste/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: GMHS correlations · STE correlations
