GRNQ vs LOAR: Correlation
How closely do Greenpro Capital Corp. (GRNQ) and Loar Holdings Inc. (LOAR) trade together? Their weekly returns over three years give a correlation of -0.27, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GRNQ and LOAR?
Over the past 3 years, GRNQ and LOAR moved with a correlation of -0.27, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.30) sits close to the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -1340.6 %².
Out of 11 assets tracked against GRNQ, LOAR lands near the bottom at #11. Over the last 12 months LOAR came out ahead by 9.0 percentage points (-9.4% against -0.4%). One caveat on sizing: GRNQ is 2.0 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.
GRNQ vs LOAR: side by side
| GRNQ (Greenpro Capital Corp.) | LOAR (Loar Holdings Inc.) | |
|---|---|---|
| 1-year return | -9.4% | -0.4% |
| 5-year return | -86.5% | n/a |
| Volatility (ann.) | 98.3% | 49.2% |
| Beta vs S&P 500 | -0.50 | 1.21 |
| Max drawdown (3Y) | -96.4% | -46.0% |
| Market cap | – | $6.8B |
| P/E (trailing) | – | 102.9 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GRNQ | LOAR |
|---|---|---|
| 2022 | -82.6% | – |
| 2023 | +9.3% | – |
| 2024 | -5.9% | – |
| 2025 | +66.7% | -8.0% |
| 2026 | -29.5% | +7.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GRNQ and LOAR good diversifiers for each other?
By historical standards, yes. A correlation of -0.27 means the two rarely move for the same reasons.
FAQ
What is the correlation between GRNQ and LOAR?
Using weekly returns as of 2026-08-27: -0.27 over 3 years, with -0.30 over the last year and n/a over 5 years.
Is LOAR a good diversifier for GRNQ?
By historical standards, yes. A correlation of -0.27 means the two rarely move for the same reasons.
What does a correlation of -0.27 mean?
A reading of -0.27 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/grnq-vs-loar.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/grnq-vs-loar/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GRNQ correlations · LOAR correlations
