GSIW vs PMN: Correlation
Garden Stage Limited - Class A (GSIW) and ProMIS Neurosciences Inc. (PMN) show a negative relationship: their 3-year correlation of weekly returns is -0.31.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GSIW and PMN?
On 3 years of weekly data the GSIW/PMN correlation comes out at -0.31, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.26) sits close to the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at -6239.7 %².
Out of 22 assets tracked against GSIW, PMN lands near the bottom at #22. Their recent paths diverged sharply: over the last 12 months PMN outperformed by 30.1 percentage points (-24.5% for GSIW against +5.6% for PMN).
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.
GSIW vs PMN: side by side
| GSIW (Garden Stage Limited - Class A) | PMN (ProMIS Neurosciences Inc.) | |
|---|---|---|
| 1-year return | -24.5% | +5.6% |
| 5-year return | n/a | -94.2% |
| Volatility (ann.) | 159.9% | 122.6% |
| Beta vs S&P 500 | 1.06 | 0.45 |
| Max drawdown (3Y) | -99.7% | -90.4% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GSIW | PMN |
|---|---|---|
| 2022 | – | -34.2% |
| 2023 | – | -73.5% |
| 2024 | -91.5% | -17.4% |
| 2025 | -80.6% | -71.2% |
| 2026 | -41.5% | +104.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GSIW and PMN good diversifiers for each other?
Yes: at -0.31, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between GSIW and PMN?
Using weekly returns as of 2026-08-27: -0.31 over 3 years, with -0.26 over the last year and n/a over 5 years.
Is PMN a good diversifier for GSIW?
Yes: at -0.31, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.31 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/gsiw-vs-pmn.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/gsiw-vs-pmn/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GSIW correlations · PMN correlations
