GMM vs NTRP: Correlation
Global Mofy AI Limited - Class A (GMM) and NextTrip, Inc. (NTRP) show a moderate relationship: their 3-year correlation of weekly returns is 0.56.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GMM and NTRP?
Across a 3-year window, the weekly returns of GMM and NTRP correlate at 0.56, moderate. The link has loosened recently: the 1-year correlation (0.09) runs below the 3-year figure (0.56). Stretching to 5 years gives n/a, with an annualized covariance of 76238.6 %².
By 3-year correlation, NTRP places #6 of the 21 assets tracked against GMM. Correlation aside, the last 12 months split them widely, with NTRP ahead by 35.7 points (-97.5% versus -61.8%). Note the risk asymmetry: GMM runs 7.9 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
GMM vs NTRP: side by side
| GMM (Global Mofy AI Limited - Class A) | NTRP (NextTrip, Inc.) | |
|---|---|---|
| 1-year return | -97.5% | -61.8% |
| 5-year return | n/a | -98.0% |
| Volatility (ann.) | 1098.3% | 139.9% |
| Beta vs S&P 500 | 2.95 | 0.04 |
| Max drawdown (3Y) | -99.7% | -84.7% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GMM | NTRP |
|---|---|---|
| 2022 | – | -78.3% |
| 2023 | – | -62.2% |
| 2024 | -30.5% | +99.5% |
| 2025 | -69.6% | -46.4% |
| 2026 | -95.4% | -57.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GMM and NTRP good diversifiers for each other?
Somewhat, no more. With 0.56 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between GMM and NTRP?
Using weekly returns as of 2026-08-27: 0.56 over 3 years, with 0.09 over the last year and n/a over 5 years.
Is NTRP a good diversifier for GMM?
Somewhat, no more. With 0.56 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.56 mean?
A reading of 0.56 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/gmm-vs-ntrp.json
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[](https://www.pairbook.io/pair/gmm-vs-ntrp/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GMM correlations · NTRP correlations
