GORO vs IFBD: Correlation
How closely do Goldgroup Mining Inc. (GORO) and Infobird Co., Ltd (IFBD) trade together? Their weekly returns over three years give a correlation of -0.22, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GORO and IFBD?
On 3 years of weekly data the GORO/IFBD correlation comes out at -0.22, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.23) runs above the 3-year figure (-0.22). The 5-year figure is -0.06, and annualized covariance runs at -4927.1 %².
Out of 12 assets tracked against GORO, IFBD lands near the bottom at #10. Correlation aside, the last 12 months split them widely, with GORO ahead by 34.0 points (+21.5% versus -12.5%).
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.
GORO vs IFBD: side by side
| GORO (Goldgroup Mining Inc.) | IFBD (Infobird Co., Ltd) | |
|---|---|---|
| 1-year return | +21.5% | -12.5% |
| 5-year return | +215.8% | -100.0% |
| Volatility (ann.) | 154.1% | 145.7% |
| Beta vs S&P 500 | 1.39 | 0.85 |
| Max drawdown (3Y) | -75.0% | -98.4% |
| Market cap | $0.5B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GORO | IFBD |
|---|---|---|
| 2022 | -73.3% | -88.9% |
| 2023 | -75.0% | -97.8% |
| 2024 | +450.0% | -78.4% |
| 2025 | +936.4% | -57.9% |
| 2026 | -16.9% | -4.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GORO and IFBD good diversifiers for each other?
Yes. With a correlation of -0.22, GORO and IFBD have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between GORO and IFBD?
The GORO/IFBD correlation stands at -0.22 on a 3-year window (1 year: 0.23, 5 years: -0.06), computed from weekly returns as of 2026-08-27.
Is IFBD a good diversifier for GORO?
Yes. With a correlation of -0.22, GORO and IFBD have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.22 mean?
A reading of -0.22 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/goro-vs-ifbd.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/goro-vs-ifbd/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GORO correlations · IFBD correlations
