GTIM vs PAM: Correlation
Measured on weekly returns over the past three years, Good Times Restaurants Inc. (GTIM) and Pampa Energia S.A. (PAM) carry a correlation of -0.16, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GTIM and PAM?
On 3 years of weekly data the GTIM/PAM correlation comes out at -0.16, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.45 versus -0.16 over 3 years. The 5-year figure is -0.08, and annualized covariance runs at -303.7 %².
PAM is close to the least connected end of GTIM's tracked universe, ranking #9 of 11. The last year tells two different stories: PAM led by 34.7 percentage points, -12.3% for GTIM against +22.4% for PAM.
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.
GTIM vs PAM: side by side
| GTIM (Good Times Restaurants Inc.) | PAM (Pampa Energia S.A.) | |
|---|---|---|
| 1-year return | -12.3% | +22.4% |
| 5-year return | -71.4% | +339.3% |
| Volatility (ann.) | 41.7% | 45.3% |
| Beta vs S&P 500 | 0.69 | 0.38 |
| Max drawdown (3Y) | -65.3% | -40.4% |
| Market cap | – | $4.3B |
| P/E (trailing) | 7.1 | 7.3 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GTIM | PAM |
|---|---|---|
| 2022 | -48.4% | +51.3% |
| 2023 | +13.4% | +55.0% |
| 2024 | +2.0% | +77.6% |
| 2025 | -53.3% | +0.6% |
| 2026 | +24.0% | -8.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GTIM and PAM good diversifiers for each other?
Yes. With a correlation of -0.16, GTIM and PAM have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between GTIM and PAM?
As of 2026-08-27, the correlation of weekly returns between GTIM and PAM is -0.16 over 3 years, -0.45 over 1 year and -0.08 over 5 years.
Is PAM a good diversifier for GTIM?
Yes. With a correlation of -0.16, GTIM and PAM have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.16 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/gtim-vs-pam.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gtim-vs-pam/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: GTIM correlations · PAM correlations
