GP vs PLCE: Correlation
GreenPower Motor Company Inc. (GP) and Children's Place, Inc. (The) (PLCE) show a moderate relationship: their 3-year correlation of weekly returns is 0.35.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GP and PLCE?
Across a 3-year window, the weekly returns of GP and PLCE correlate at 0.35, moderate. The link has loosened recently: the 1-year correlation (0.19) runs below the 3-year figure (0.35). Stretching to 5 years gives 0.31, with an annualized covariance of 5843.3 %².
By 3-year correlation, PLCE places #5 of the 12 assets tracked against GP. Over the last 12 months PLCE came out ahead by 14.2 percentage points (-61.3% against -47.1%). Risk is not evenly split, since PLCE carries 1.5 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.
GP vs PLCE: side by side
| GP (GreenPower Motor Company Inc.) | PLCE (Children's Place, Inc. (The)) | |
|---|---|---|
| 1-year return | -61.3% | -47.1% |
| 5-year return | -99.0% | -97.2% |
| Volatility (ann.) | 104.8% | 159.8% |
| Beta vs S&P 500 | 1.76 | 2.28 |
| Max drawdown (3Y) | -98.0% | -92.3% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GP | PLCE |
|---|---|---|
| 2022 | -81.8% | -54.1% |
| 2023 | +80.9% | -36.2% |
| 2024 | -75.4% | -55.0% |
| 2025 | -89.9% | -62.0% |
| 2026 | +71.8% | -38.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GP and PLCE good diversifiers for each other?
Reasonably. At 0.35, GP and PLCE keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between GP and PLCE?
As of 2026-08-27, the correlation of weekly returns between GP and PLCE is 0.35 over 3 years, 0.19 over 1 year and 0.31 over 5 years.
Is PLCE a good diversifier for GP?
Reasonably. At 0.35, GP and PLCE keep a meaningful degree of independence, and combining them has historically reduced portfolio 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
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Related comparisons
Hubs: GP correlations · PLCE correlations
