GURE vs L: Correlation
Measured on weekly returns over the past three years, Gulf Resources, Inc. (GURE) and Loews Corporation (L) carry a correlation of -0.21, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GURE and L?
Across a 3-year window, the weekly returns of GURE and L correlate at -0.21, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.31 over 1 year against -0.21 over 3. Stretching to 5 years gives -0.10, with an annualized covariance of -480.6 %².
Within GURE's tracked universe of 23 assets, L comes in at #13 by 3-year correlation. Correlation aside, the last 12 months split them widely, with L ahead by 66.7 points (-52.5% versus +14.2%). One caveat on sizing: GURE is 8.3 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
GURE vs L: side by side
| GURE (Gulf Resources, Inc.) | L (Loews Corporation) | |
|---|---|---|
| 1-year return | -52.5% | +14.2% |
| 5-year return | -92.1% | +100.1% |
| Volatility (ann.) | 137.7% | 16.6% |
| Beta vs S&P 500 | -0.30 | 0.33 |
| Max drawdown (3Y) | -88.1% | -12.2% |
| Market cap | – | $22.5B |
| P/E (trailing) | – | 13.5 |
| Dividend yield | 0.00% | 0.23% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | GURE | L |
|---|---|---|
| 2022 | -28.6% | +1.4% |
| 2023 | -46.6% | +19.8% |
| 2024 | -65.5% | +22.1% |
| 2025 | -35.1% | +24.7% |
| 2026 | -7.6% | +4.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GURE and L good diversifiers for each other?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between GURE and L?
Using weekly returns as of 2026-08-27: -0.21 over 3 years, with -0.31 over the last year and -0.10 over 5 years.
Is L a good diversifier for GURE?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.21 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/gure-vs-l.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gure-vs-l/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GURE correlations · L correlations
