GPRO vs STVN: Correlation
Measured on weekly returns over the past three years, GoPro, Inc. (GPRO) and Stevanato Group S.p.A. (STVN) carry a correlation of 0.35, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GPRO and STVN?
Across a 3-year window, the weekly returns of GPRO and STVN correlate at 0.35, moderate. The link has tightened recently: the 1-year correlation (0.53) runs above the 3-year figure (0.35). Stretching to 5 years gives 0.31, with an annualized covariance of 1606.5 %².
STVN is close to the least connected end of GPRO's tracked universe, ranking #12 of 15. Correlation aside, the last 12 months split them widely, with STVN ahead by 64.3 points (-64.4% versus -0.1%). Risk is not evenly split, since GPRO carries 2.1 times the volatility of the other side.
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 STVN: side by side
| GPRO (GoPro, Inc.) | STVN (Stevanato Group S.p.A.) | |
|---|---|---|
| 1-year return | -64.4% | -0.1% |
| 5-year return | -93.9% | -6.9% |
| Volatility (ann.) | 96.8% | 47.2% |
| Beta vs S&P 500 | 2.84 | 0.80 |
| Max drawdown (3Y) | -87.2% | -61.0% |
| Market cap | $0.1B | $6.1B |
| P/E (trailing) | – | 39.1 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GPRO | STVN |
|---|---|---|
| 2022 | -51.7% | -19.7% |
| 2023 | -30.3% | +52.2% |
| 2024 | -68.6% | -19.9% |
| 2025 | +29.4% | -7.4% |
| 2026 | -57.1% | +11.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GPRO and STVN good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.35 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between GPRO and STVN?
As of 2026-08-27, the correlation of weekly returns between GPRO and STVN is 0.35 over 3 years, 0.53 over 1 year and 0.31 over 5 years.
Is STVN a good diversifier for GPRO?
Yes, to a useful degree: a correlation of 0.35 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.35 mean?
A reading of 0.35 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/gpro-vs-stvn.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/gpro-vs-stvn/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GPRO correlations · STVN correlations
