GPRO vs LZM: Correlation
How closely do GoPro, Inc. (GPRO) and Lifezone Metals Limited (LZM) trade together? Their weekly returns over three years give a correlation of 0.42, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GPRO and LZM?
On 3 years of weekly data the GPRO/LZM correlation comes out at 0.42, moderate. The past 12 months show a tighter link (0.64) than the 3-year average (0.42). The 5-year figure is 0.38, and annualized covariance runs at 3303.5 %².
By 3-year correlation, LZM places #8 of the 15 assets tracked against GPRO. The last year tells two different stories: LZM led by 61.1 percentage points, -64.4% for GPRO against -3.3% for LZM.
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.
GPRO vs LZM: side by side
| GPRO (GoPro, Inc.) | LZM (Lifezone Metals Limited) | |
|---|---|---|
| 1-year return | -64.4% | -3.3% |
| 5-year return | -93.9% | -55.4% |
| Volatility (ann.) | 96.8% | 81.7% |
| Beta vs S&P 500 | 2.84 | 1.75 |
| Max drawdown (3Y) | -87.2% | -82.0% |
| Market cap | $0.1B | $0.4B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GPRO | LZM |
|---|---|---|
| 2022 | -51.7% | +4.7% |
| 2023 | -30.3% | -12.9% |
| 2024 | -68.6% | -23.1% |
| 2025 | +29.4% | -38.6% |
| 2026 | -57.1% | +3.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GPRO and LZM good diversifiers for each other?
Reasonably. At 0.42, GPRO and LZM keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between GPRO and LZM?
The GPRO/LZM correlation stands at 0.42 on a 3-year window (1 year: 0.64, 5 years: 0.38), computed from weekly returns as of 2026-08-27.
Is LZM a good diversifier for GPRO?
Reasonably. At 0.42, GPRO and LZM keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.42 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
$ curl https://www.pairbook.io/api/v1/pairs/gpro-vs-lzm.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/gpro-vs-lzm/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: GPRO correlations · LZM correlations
