GRPN vs NYC: Correlation
Groupon, Inc. (GRPN) and American Strategic Investment Co. (NYC) show a moderate relationship: their 3-year correlation of weekly returns is 0.32.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GRPN and NYC?
Across a 3-year window, the weekly returns of GRPN and NYC correlate at 0.32, moderate. The relationship has been stable: the 1-year correlation (0.37) sits close to the 3-year figure. Stretching to 5 years gives 0.06, with an annualized covariance of 1735.2 %².
Among the 11 assets we track against GRPN, NYC ranks #6 by 3-year correlation. The trailing year gives GRPN the advantage: -25.8% versus -39.6%, a 13.8-point spread. One caveat on sizing: GRPN is 1.5 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.
GRPN vs NYC: side by side
| GRPN (Groupon, Inc.) | NYC (American Strategic Investment Co.) | |
|---|---|---|
| 1-year return | -25.8% | -39.6% |
| 5-year return | -17.9% | -9.2% |
| Volatility (ann.) | 91.7% | 59.5% |
| Beta vs S&P 500 | 1.87 | 0.56 |
| Max drawdown (3Y) | -74.2% | -60.0% |
| Market cap | $0.8B | – |
| P/E (trailing) | – | 1.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GRPN | NYC |
|---|---|---|
| 2022 | -63.0% | -80.8% |
| 2023 | +49.7% | +350.3% |
| 2024 | -5.4% | +6.5% |
| 2025 | +44.9% | -2.4% |
| 2026 | +10.6% | -21.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GRPN and NYC good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.32 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between GRPN and NYC?
As of 2026-08-27, the correlation of weekly returns between GRPN and NYC is 0.32 over 3 years, 0.37 over 1 year and 0.06 over 5 years.
Is NYC a good diversifier for GRPN?
Yes, to a useful degree: a correlation of 0.32 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.32 mean?
On the −1 to +1 scale, 0.32 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/grpn-vs-nyc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/grpn-vs-nyc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GRPN correlations · NYC correlations
