GRNQ vs PAPL: Correlation
Measured on weekly returns over the past three years, Greenpro Capital Corp. (GRNQ) and Pineapple Financial Inc. (PAPL) carry a correlation of -0.24, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GRNQ and PAPL?
Over the past 3 years, GRNQ and PAPL moved with a correlation of -0.24, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.14) sits close to the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -4431.1 %².
Out of 11 assets tracked against GRNQ, PAPL lands near the bottom at #9. The last year tells two different stories: GRNQ led by 61.3 percentage points, -9.4% for GRNQ against -70.7% for PAPL. Risk is not evenly split, since PAPL carries 1.8 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 PAPL: side by side
| GRNQ (Greenpro Capital Corp.) | PAPL (Pineapple Financial Inc.) | |
|---|---|---|
| 1-year return | -9.4% | -70.7% |
| 5-year return | -86.5% | n/a |
| Volatility (ann.) | 98.3% | 181.2% |
| Beta vs S&P 500 | -0.50 | -0.73 |
| Max drawdown (3Y) | -96.4% | -99.4% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GRNQ | PAPL |
|---|---|---|
| 2022 | -82.6% | – |
| 2023 | +9.3% | – |
| 2024 | -5.9% | -74.7% |
| 2025 | +66.7% | -84.4% |
| 2026 | -29.5% | -25.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GRNQ and PAPL good diversifiers for each other?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between GRNQ and PAPL?
Using weekly returns as of 2026-08-27: -0.24 over 3 years, with -0.14 over the last year and n/a over 5 years.
Is PAPL a good diversifier for GRNQ?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.24 mean?
A reading of -0.24 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-papl.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/grnq-vs-papl/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GRNQ correlations · PAPL correlations
