GORO vs VANI: Correlation
How closely do Goldgroup Mining Inc. (GORO) and Vivani Medical, Inc. (VANI) trade together? Their weekly returns over three years give a correlation of 0.38, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GORO and VANI?
Over the past 3 years, GORO and VANI moved with a correlation of 0.38, which is moderate. The link has loosened recently: the 1-year correlation (0.23) runs below the 3-year figure (0.38). Over 5 years the correlation is 0.28, and the annualized covariance of weekly returns is 7275.4 %².
Few assets follow GORO as closely as VANI, which ranks #2 of 12 tracked partners. Over the last 12 months GORO came out ahead by 6.7 percentage points (+21.5% against +14.8%).
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 VANI: side by side
| GORO (Goldgroup Mining Inc.) | VANI (Vivani Medical, Inc.) | |
|---|---|---|
| 1-year return | +21.5% | +14.8% |
| 5-year return | +215.8% | -87.4% |
| Volatility (ann.) | 154.1% | 123.8% |
| Beta vs S&P 500 | 1.39 | 1.29 |
| Max drawdown (3Y) | -75.0% | -77.8% |
| Market cap | $0.5B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GORO | VANI |
|---|---|---|
| 2022 | -73.3% | -82.6% |
| 2023 | -75.0% | +20.0% |
| 2024 | +450.0% | +13.7% |
| 2025 | +936.4% | +6.0% |
| 2026 | -16.9% | +13.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GORO and VANI good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.38 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between GORO and VANI?
As of 2026-08-27, the correlation of weekly returns between GORO and VANI is 0.38 over 3 years, 0.23 over 1 year and 0.28 over 5 years.
Is VANI a good diversifier for GORO?
Yes, to a useful degree: a correlation of 0.38 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.38 mean?
A reading of 0.38 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: GORO correlations · VANI correlations
