GPRE vs PAPL: Correlation
Measured on weekly returns over the past three years, Green Plains, Inc. (GPRE) and Pineapple Financial Inc. (PAPL) carry a correlation of -0.22, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GPRE and PAPL?
Over the past 3 years, GPRE and PAPL moved with a correlation of -0.22, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.02 versus -0.22 over 3 years. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -2544.4 %².
Among the 12 assets we track against GPRE, PAPL sits near the bottom by co-movement, at rank #11. Correlation aside, the last 12 months split them widely, with GPRE ahead by 111.8 points (+41.1% versus -70.7%). Note the risk asymmetry: PAPL runs 2.9 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.
GPRE vs PAPL: side by side
| GPRE (Green Plains, Inc.) | PAPL (Pineapple Financial Inc.) | |
|---|---|---|
| 1-year return | +41.1% | -70.7% |
| 5-year return | -58.5% | n/a |
| Volatility (ann.) | 62.5% | 181.2% |
| Beta vs S&P 500 | 0.65 | -0.73 |
| Max drawdown (3Y) | -90.3% | -99.4% |
| Market cap | $1.0B | – |
| P/E (trailing) | 8.9 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GPRE | PAPL |
|---|---|---|
| 2022 | -12.3% | – |
| 2023 | -17.3% | – |
| 2024 | -62.4% | -74.7% |
| 2025 | +3.4% | -84.4% |
| 2026 | +43.3% | -25.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GPRE and PAPL good diversifiers for each other?
Yes. With a correlation of -0.22, GPRE and PAPL have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between GPRE and PAPL?
The GPRE/PAPL correlation stands at -0.22 on a 3-year window (1 year: 0.02, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is PAPL a good diversifier for GPRE?
Yes. With a correlation of -0.22, GPRE and PAPL have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.22 mean?
A reading of -0.22 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: GPRE correlations · PAPL correlations
