GMM vs OTLK: Correlation
How closely do Global Mofy AI Limited - Class A (GMM) and Outlook Therapeutics, Inc. (OTLK) trade together? Their weekly returns over three years give a correlation of -0.26, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GMM and OTLK?
Over the past 3 years, GMM and OTLK moved with a correlation of -0.26, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.36 over 1 year against -0.26 over 3. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -40855.5 %².
Out of 21 assets tracked against GMM, OTLK lands near the bottom at #19. Their recent paths diverged sharply: over the last 12 months OTLK outperformed by 24.5 percentage points (-97.5% for GMM against -73.0% for OTLK). Note the risk asymmetry: GMM runs 7.7 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 OTLK: side by side
| GMM (Global Mofy AI Limited - Class A) | OTLK (Outlook Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | -97.5% | -73.0% |
| 5-year return | n/a | -98.8% |
| Volatility (ann.) | 1098.3% | 143.2% |
| Beta vs S&P 500 | 2.95 | 0.95 |
| Max drawdown (3Y) | -99.7% | -99.3% |
| Market cap | – | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GMM | OTLK |
|---|---|---|
| 2022 | – | -20.6% |
| 2023 | – | -63.5% |
| 2024 | -30.5% | -76.0% |
| 2025 | -69.6% | -16.4% |
| 2026 | -95.4% | -59.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GMM and OTLK good diversifiers for each other?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between GMM and OTLK?
Using weekly returns as of 2026-08-27: -0.26 over 3 years, with -0.36 over the last year and n/a over 5 years.
Is OTLK a good diversifier for GMM?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.26 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/gmm-vs-otlk.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gmm-vs-otlk/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GMM correlations · OTLK correlations
