GMHS vs TDY: Correlation
Gamehaus Holdings Inc. - Class A (GMHS) and Teledyne Technologies (TDY) show a negative relationship: their 3-year correlation of weekly returns is -0.19.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GMHS and TDY?
Across a 3-year window, the weekly returns of GMHS and TDY correlate at -0.19, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.04 versus -0.19 over 3 years. Stretching to 5 years gives n/a, with an annualized covariance of -366.7 %².
Within GMHS's tracked universe of 28 assets, TDY comes in at #13 by 3-year correlation. Correlation aside, the last 12 months split them widely, with TDY ahead by 50.8 points (-35.1% versus +15.7%). 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 TDY: side by side
| GMHS (Gamehaus Holdings Inc. - Class A) | TDY (Teledyne Technologies) | |
|---|---|---|
| 1-year return | -35.1% | +15.7% |
| 5-year return | n/a | +36.5% |
| Volatility (ann.) | 86.7% | 22.0% |
| Beta vs S&P 500 | -0.16 | 0.76 |
| Max drawdown (3Y) | -95.8% | -18.8% |
| Market cap | – | $29.0B |
| P/E (trailing) | 8.1 | 30.7 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | GMHS | TDY |
|---|---|---|
| 2022 | – | -8.5% |
| 2023 | – | +11.6% |
| 2024 | +8.1% | +4.0% |
| 2025 | -91.6% | +10.0% |
| 2026 | -23.0% | +22.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GMHS and TDY good diversifiers for each other?
Yes. With a correlation of -0.19, GMHS and TDY have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between GMHS and TDY?
Using weekly returns as of 2026-08-27: -0.19 over 3 years, with 0.04 over the last year and n/a over 5 years.
Is TDY a good diversifier for GMHS?
Yes. With a correlation of -0.19, GMHS and TDY have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.19 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 · TDY correlations
