GPRK vs NBR: Correlation
Geopark Ltd (GPRK) and Nabors Industries Ltd. (NBR) show a moderate relationship: their 3-year correlation of weekly returns is 0.57.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GPRK and NBR?
On 3 years of weekly data the GPRK/NBR correlation comes out at 0.57, moderate. The past 12 months show a weaker link (0.45) than the 3-year average (0.57). The 5-year figure is 0.61, and annualized covariance runs at 1597.4 %².
In GPRK's tracked universe of 14 assets, NBR sits right near the top at #2. The last year tells two different stories: NBR led by 99.3 percentage points, +54.0% for GPRK against +153.3% for NBR. Note the risk asymmetry: NBR runs 1.5 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.
GPRK vs NBR: side by side
| GPRK (Geopark Ltd) | NBR (Nabors Industries Ltd.) | |
|---|---|---|
| 1-year return | +54.0% | +153.3% |
| 5-year return | +1.9% | +10.3% |
| Volatility (ann.) | 43.1% | 65.2% |
| Beta vs S&P 500 | 0.41 | 0.88 |
| Max drawdown (3Y) | -47.8% | -82.2% |
| Market cap | $0.6B | $1.4B |
| P/E (trailing) | 6.8 | 5.9 |
| Dividend yield | 1.16% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GPRK | NBR |
|---|---|---|
| 2022 | +39.0% | +91.0% |
| 2023 | -41.5% | -47.3% |
| 2024 | +15.1% | -30.0% |
| 2025 | -16.8% | -5.0% |
| 2026 | +34.0% | +68.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GPRK and NBR good diversifiers for each other?
Somewhat, no more. With 0.57 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between GPRK and NBR?
As of 2026-08-27, the correlation of weekly returns between GPRK and NBR is 0.57 over 3 years, 0.45 over 1 year and 0.61 over 5 years.
Is NBR a good diversifier for GPRK?
Somewhat, no more. With 0.57 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.57 mean?
A reading of 0.57 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/gprk-vs-nbr.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gprk-vs-nbr/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: GPRK correlations · NBR correlations
