GTBP vs NVNI: Correlation
Measured on weekly returns over the past three years, GT Biopharma, Inc. (GTBP) and Nvni Group Limited (NVNI) carry a correlation of -0.23, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GTBP and NVNI?
Across a 3-year window, the weekly returns of GTBP and NVNI correlate at -0.23, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.00) runs above the 3-year figure (-0.23). Stretching to 5 years gives -0.19, with an annualized covariance of -19959.3 %².
Out of 10 assets tracked against GTBP, NVNI lands near the bottom at #10. The trailing year gives GTBP the advantage: -73.5% versus -83.0%, a 9.5-point spread. Risk is not evenly split, since NVNI carries 10.5 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.
GTBP vs NVNI: side by side
| GTBP (GT Biopharma, Inc.) | NVNI (Nvni Group Limited) | |
|---|---|---|
| 1-year return | -73.5% | -83.0% |
| 5-year return | -99.9% | -98.9% |
| Volatility (ann.) | 90.4% | 949.3% |
| Beta vs S&P 500 | 0.76 | -4.03 |
| Max drawdown (3Y) | -97.1% | -99.3% |
| Market cap | – | – |
| P/E (trailing) | 0.1 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GTBP | NVNI |
|---|---|---|
| 2022 | -71.0% | +4.4% |
| 2023 | -71.2% | -85.4% |
| 2024 | -60.1% | +64.4% |
| 2025 | -74.3% | -89.2% |
| 2026 | -61.6% | -60.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GTBP and NVNI good diversifiers for each other?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
FAQ
What is the correlation between GTBP and NVNI?
The GTBP/NVNI correlation stands at -0.23 on a 3-year window (1 year: -0.00, 5 years: -0.19), computed from weekly returns as of 2026-08-27.
Is NVNI a good diversifier for GTBP?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
What does a correlation of -0.23 mean?
A reading of -0.23 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/gtbp-vs-nvni.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gtbp-vs-nvni/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GTBP correlations · NVNI correlations
