GRNQ vs MRNA: Correlation
Measured on weekly returns over the past three years, Greenpro Capital Corp. (GRNQ) and Moderna (MRNA) carry a correlation of 0.34, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GRNQ and MRNA?
Over the past 3 years, GRNQ and MRNA moved with a correlation of 0.34, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.55 versus 0.34 over 3 years. Over 5 years the correlation is 0.29, and the annualized covariance of weekly returns is 3372.5 %².
Within GRNQ's tracked universe of 11 assets, MRNA comes in at #5 by 3-year correlation. The last year tells two different stories: MRNA led by 478.2 percentage points, -9.4% for GRNQ against +468.8% for MRNA.
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 MRNA: side by side
| GRNQ (Greenpro Capital Corp.) | MRNA (Moderna) | |
|---|---|---|
| 1-year return | -9.4% | +468.8% |
| 5-year return | -86.5% | -61.5% |
| Volatility (ann.) | 98.3% | 100.7% |
| Beta vs S&P 500 | -0.50 | 0.98 |
| Max drawdown (3Y) | -96.4% | -86.6% |
| Market cap | – | $57.0B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | GRNQ | MRNA |
|---|---|---|
| 2022 | -82.6% | -29.3% |
| 2023 | +9.3% | -44.6% |
| 2024 | -5.9% | -58.2% |
| 2025 | +66.7% | -29.1% |
| 2026 | -29.5% | +384.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GRNQ and MRNA good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.34 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between GRNQ and MRNA?
As of 2026-08-27, the correlation of weekly returns between GRNQ and MRNA is 0.34 over 3 years, 0.55 over 1 year and 0.29 over 5 years.
Is MRNA a good diversifier for GRNQ?
Yes, to a useful degree: a correlation of 0.34 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.34 mean?
A reading of 0.34 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-mrna.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/grnq-vs-mrna/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GRNQ correlations · MRNA correlations
