GSHD vs MIRA: Correlation
How closely do Goosehead Insurance, Inc. (GSHD) and MIRA Pharmaceuticals, Inc. (MIRA) trade together? Their weekly returns over three years give a correlation of 0.39, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GSHD and MIRA?
On 3 years of weekly data the GSHD/MIRA correlation comes out at 0.39, moderate. The past 12 months show a weaker link (0.03) than the 3-year average (0.39). The 5-year figure is n/a, and annualized covariance runs at 4537.3 %².
By 3-year correlation, MIRA places #10 of the 15 assets tracked against GSHD. The last year tells two different stories: GSHD led by 25.3 percentage points, -18.5% for GSHD against -43.8% for MIRA. Risk is not evenly split, since MIRA carries 3.8 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.
GSHD vs MIRA: side by side
| GSHD (Goosehead Insurance, Inc.) | MIRA (MIRA Pharmaceuticals, Inc.) | |
|---|---|---|
| 1-year return | -18.5% | -43.8% |
| 5-year return | -47.2% | n/a |
| Volatility (ann.) | 55.1% | 211.2% |
| Beta vs S&P 500 | 0.42 | -0.07 |
| Max drawdown (3Y) | -72.2% | -91.5% |
| Market cap | $2.5B | – |
| P/E (trailing) | 51.4 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GSHD | MIRA |
|---|---|---|
| 2022 | -73.6% | – |
| 2023 | +120.7% | – |
| 2024 | +41.5% | +8.6% |
| 2025 | -27.4% | +32.5% |
| 2026 | -4.3% | -49.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GSHD and MIRA good diversifiers for each other?
Reasonably. At 0.39, GSHD and MIRA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between GSHD and MIRA?
Using weekly returns as of 2026-08-27: 0.39 over 3 years, with 0.03 over the last year and n/a over 5 years.
Is MIRA a good diversifier for GSHD?
Reasonably. At 0.39, GSHD and MIRA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.39 mean?
A reading of 0.39 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: GSHD correlations · MIRA correlations
