GMM vs SMTK: Correlation
How closely do Global Mofy AI Limited - Class A (GMM) and SmartKem, Inc. (SMTK) trade together? Their weekly returns over three years give a correlation of 0.41, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GMM and SMTK?
Across a 3-year window, the weekly returns of GMM and SMTK correlate at 0.41, moderate. The past 12 months show a weaker link (-0.19) than the 3-year average (0.41). Stretching to 5 years gives n/a, with an annualized covariance of 79805.9 %².
Within GMM's tracked universe of 21 assets, SMTK comes in at #13 by 3-year correlation. Over the last 12 months SMTK came out ahead by 8.4 percentage points (-97.5% against -89.1%). Risk is not evenly split, since GMM carries 7.0 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.
GMM vs SMTK: side by side
| GMM (Global Mofy AI Limited - Class A) | SMTK (SmartKem, Inc.) | |
|---|---|---|
| 1-year return | -97.5% | -89.1% |
| 5-year return | n/a | n/a |
| Volatility (ann.) | 1098.3% | 155.8% |
| Beta vs S&P 500 | 2.95 | -0.16 |
| Max drawdown (3Y) | -99.7% | -99.2% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GMM | SMTK |
|---|---|---|
| 2024 | -30.5% | – |
| 2025 | -69.6% | -63.3% |
| 2026 | -95.4% | -93.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GMM and SMTK good diversifiers for each other?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between GMM and SMTK?
The GMM/SMTK correlation stands at 0.41 on a 3-year window (1 year: -0.19, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is SMTK a good diversifier for GMM?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.41 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-smtk.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/gmm-vs-smtk/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: GMM correlations · SMTK correlations
