GRNQ vs PANW: Correlation
Measured on weekly returns over the past three years, Greenpro Capital Corp. (GRNQ) and Palo Alto Networks (PANW) carry a correlation of -0.20, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GRNQ and PANW?
Over the past 3 years, GRNQ and PANW moved with a correlation of -0.20, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.42 versus -0.20 over 3 years. Over 5 years the correlation is -0.12, and the annualized covariance of weekly returns is -821.0 %².
Among the 11 assets we track against GRNQ, PANW sits near the bottom by co-movement, at rank #8. The last year tells two different stories: PANW led by 113.5 percentage points, -9.4% for GRNQ against +104.1% for PANW. Risk is not evenly split, since GRNQ carries 2.3 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.
GRNQ vs PANW: side by side
| GRNQ (Greenpro Capital Corp.) | PANW (Palo Alto Networks) | |
|---|---|---|
| 1-year return | -9.4% | +104.1% |
| 5-year return | -86.5% | +400.7% |
| Volatility (ann.) | 98.3% | 42.0% |
| Beta vs S&P 500 | -0.50 | 1.32 |
| Max drawdown (3Y) | -96.4% | -36.0% |
| Market cap | – | $312.0B |
| P/E (trailing) | – | 294.5 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | GRNQ | PANW |
|---|---|---|
| 2022 | -82.6% | -24.8% |
| 2023 | +9.3% | +111.3% |
| 2024 | -5.9% | +23.4% |
| 2025 | +66.7% | +1.2% |
| 2026 | -29.5% | +107.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GRNQ and PANW good diversifiers for each other?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between GRNQ and PANW?
The GRNQ/PANW correlation stands at -0.20 on a 3-year window (1 year: -0.42, 5 years: -0.12), computed from weekly returns as of 2026-08-27.
Is PANW a good diversifier for GRNQ?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.20 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/grnq-vs-panw.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/grnq-vs-panw/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: GRNQ correlations · PANW correlations
