GP vs PPC: Correlation
Measured on weekly returns over the past three years, GreenPower Motor Company Inc. (GP) and Pilgrim's Pride Corporation (PPC) carry a correlation of -0.25, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GP and PPC?
On 3 years of weekly data the GP/PPC correlation comes out at -0.25, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.10) than the 3-year average (-0.25). The 5-year figure is -0.06, and annualized covariance runs at -801.1 %².
Among the 12 assets we track against GP, PPC sits near the bottom by co-movement, at rank #11. Correlation aside, the last 12 months split them widely, with PPC ahead by 30.5 points (-61.3% versus -30.8%). Note the risk asymmetry: GP runs 3.5 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 PPC: side by side
| GP (GreenPower Motor Company Inc.) | PPC (Pilgrim's Pride Corporation) | |
|---|---|---|
| 1-year return | -61.3% | -30.8% |
| 5-year return | -99.0% | +32.4% |
| Volatility (ann.) | 104.8% | 30.3% |
| Beta vs S&P 500 | 1.76 | -0.17 |
| Max drawdown (3Y) | -98.0% | -49.2% |
| Market cap | – | $7.4B |
| P/E (trailing) | – | 13.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GP | PPC |
|---|---|---|
| 2022 | -81.8% | -15.9% |
| 2023 | +80.9% | +16.6% |
| 2024 | -75.4% | +64.1% |
| 2025 | -89.9% | +1.4% |
| 2026 | +71.8% | -20.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GP and PPC good diversifiers for each other?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
FAQ
What is the correlation between GP and PPC?
The GP/PPC correlation stands at -0.25 on a 3-year window (1 year: -0.10, 5 years: -0.06), computed from weekly returns as of 2026-08-27.
Is PPC a good diversifier for GP?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
What does a correlation of -0.25 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
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Related comparisons
Hubs: GP correlations · PPC correlations
