GPN vs MSGM: Correlation
How closely do Global Payments (GPN) and Motorsport Games Inc. (MSGM) trade together? Their weekly returns over three years give a correlation of -0.19, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GPN and MSGM?
Across a 3-year window, the weekly returns of GPN and MSGM correlate at -0.19, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.10) runs above the 3-year figure (-0.19). Stretching to 5 years gives -0.00, with an annualized covariance of -1119.8 %².
MSGM is close to the least connected end of GPN's tracked universe, ranking #35 of 39. The last year tells two different stories: MSGM led by 27.0 percentage points, +7.0% for GPN against +34.0% for MSGM. One caveat on sizing: MSGM is 4.5 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
GPN vs MSGM: side by side
| GPN (Global Payments) | MSGM (Motorsport Games Inc.) | |
|---|---|---|
| 1-year return | +7.0% | +34.0% |
| 5-year return | -39.6% | -96.2% |
| Volatility (ann.) | 35.9% | 159.9% |
| Beta vs S&P 500 | 1.22 | -0.11 |
| Max drawdown (3Y) | -54.0% | -81.5% |
| Market cap | $24.5B | – |
| P/E (trailing) | 44.0 | 13.4 |
| Dividend yield | 1.08% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | GPN | MSGM |
|---|---|---|
| 2022 | -25.9% | -87.8% |
| 2023 | +29.0% | -25.5% |
| 2024 | -11.0% | -56.6% |
| 2025 | -30.1% | +136.6% |
| 2026 | +20.7% | +23.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GPN and MSGM good diversifiers for each other?
Yes. With a correlation of -0.19, GPN and MSGM have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between GPN and MSGM?
Using weekly returns as of 2026-08-27: -0.19 over 3 years, with 0.10 over the last year and -0.00 over 5 years.
Is MSGM a good diversifier for GPN?
Yes. With a correlation of -0.19, GPN and MSGM have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.19 mean?
A reading of -0.19 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/gpn-vs-msgm.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/gpn-vs-msgm/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GPN correlations · MSGM correlations
