GSAT vs PROF: Correlation
Globalstar, Inc. (GSAT) and Profound Medical Corp. (PROF) show a moderate relationship: their 3-year correlation of weekly returns is 0.33.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GSAT and PROF?
Over the past 3 years, GSAT and PROF moved with a correlation of 0.33, which is moderate. The link has tightened recently: the 1-year correlation (0.49) runs above the 3-year figure (0.33). Over 5 years the correlation is 0.25, and the annualized covariance of weekly returns is 1275.4 %².
Among the 11 assets we track against GSAT, PROF ranks #6 by 3-year correlation. The last year tells two different stories: GSAT led by 137.0 percentage points, +191.0% for GSAT against +54.0% for PROF.
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.
GSAT vs PROF: side by side
| GSAT (Globalstar, Inc.) | PROF (Profound Medical Corp.) | |
|---|---|---|
| 1-year return | +191.0% | +54.0% |
| 5-year return | +132.8% | -53.1% |
| Volatility (ann.) | 65.0% | 59.6% |
| Beta vs S&P 500 | 1.38 | 0.92 |
| Max drawdown (3Y) | -50.7% | -65.4% |
| Market cap | $10.6B | $0.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GSAT | PROF |
|---|---|---|
| 2022 | +14.7% | -3.0% |
| 2023 | +45.9% | -22.0% |
| 2024 | +6.7% | -11.5% |
| 2025 | +96.6% | +4.8% |
| 2026 | +34.4% | -11.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GSAT and PROF good diversifiers for each other?
Reasonably. At 0.33, GSAT and PROF keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between GSAT and PROF?
Using weekly returns as of 2026-08-27: 0.33 over 3 years, with 0.49 over the last year and 0.25 over 5 years.
Is PROF a good diversifier for GSAT?
Reasonably. At 0.33, GSAT and PROF keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.33 mean?
A reading of 0.33 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: GSAT correlations · PROF correlations
