GTN vs PSKY: Correlation
Measured on weekly returns over the past three years, Gray Media, Inc. (GTN) and Paramount Skydance Corporation (PSKY) carry a correlation of 0.52, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GTN and PSKY?
On 3 years of weekly data the GTN/PSKY correlation comes out at 0.52, moderate. The relationship has been stable: the 1-year correlation (0.45) sits close to the 3-year figure. The 5-year figure is 0.53, and annualized covariance runs at 1924.1 %².
Within GTN's tracked universe of 14 assets, PSKY comes in at #4 by 3-year correlation. The trailing year gives GTN the advantage: -18.0% versus -25.9%, a 7.9-point spread.
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.
GTN vs PSKY: side by side
| GTN (Gray Media, Inc.) | PSKY (Paramount Skydance Corporation) | |
|---|---|---|
| 1-year return | -18.0% | -25.9% |
| 5-year return | -73.2% | -69.8% |
| Volatility (ann.) | 68.6% | 54.4% |
| Beta vs S&P 500 | 0.76 | 0.92 |
| Max drawdown (3Y) | -68.1% | -59.9% |
| Market cap | $0.5B | $12.1B |
| P/E (trailing) | – | 360.0 |
| Dividend yield | 6.50% | 1.86% |
| Sector / category | US Listed | Communication Services |
Year-by-year returns
| Year | GTN | PSKY |
|---|---|---|
| 2022 | -43.4% | -41.8% |
| 2023 | -16.7% | -10.4% |
| 2024 | -62.4% | -28.0% |
| 2025 | +64.6% | +30.0% |
| 2026 | +2.7% | -18.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GTN and PSKY good diversifiers for each other?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between GTN and PSKY?
As of 2026-08-27, the correlation of weekly returns between GTN and PSKY is 0.52 over 3 years, 0.45 over 1 year and 0.53 over 5 years.
Is PSKY a good diversifier for GTN?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.52 mean?
On the −1 to +1 scale, 0.52 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/gtn-vs-psky.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/gtn-vs-psky/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GTN correlations · PSKY correlations
