GP vs PCT: Correlation
How closely do GreenPower Motor Company Inc. (GP) and PureCycle Technologies, Inc. (PCT) trade together? Their weekly returns over three years give a correlation of 0.35, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GP and PCT?
On 3 years of weekly data the GP/PCT correlation comes out at 0.35, moderate. The past 12 months show a weaker link (0.06) than the 3-year average (0.35). The 5-year figure is 0.31, and annualized covariance runs at 3591.6 %².
By 3-year correlation, PCT places #4 of the 12 assets tracked against GP. Over the last 12 months PCT came out ahead by 6.1 percentage points (-61.3% against -55.2%).
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.
GP vs PCT: side by side
| GP (GreenPower Motor Company Inc.) | PCT (PureCycle Technologies, Inc.) | |
|---|---|---|
| 1-year return | -61.3% | -55.2% |
| 5-year return | -99.0% | -52.3% |
| Volatility (ann.) | 104.8% | 98.0% |
| Beta vs S&P 500 | 1.76 | 2.42 |
| Max drawdown (3Y) | -98.0% | -74.2% |
| Market cap | – | $1.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GP | PCT |
|---|---|---|
| 2022 | -81.8% | -29.4% |
| 2023 | +80.9% | -40.1% |
| 2024 | -75.4% | +153.1% |
| 2025 | -89.9% | -16.2% |
| 2026 | +71.8% | -22.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GP and PCT good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.35 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between GP and PCT?
As of 2026-08-27, the correlation of weekly returns between GP and PCT is 0.35 over 3 years, 0.06 over 1 year and 0.31 over 5 years.
Is PCT a good diversifier for GP?
Yes, to a useful degree: a correlation of 0.35 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.35 mean?
A reading of 0.35 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/gp-vs-pct.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gp-vs-pct/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GP correlations · PCT correlations
