GURE vs MHH: Correlation
Measured on weekly returns over the past three years, Gulf Resources, Inc. (GURE) and Mastech Digital, Inc (MHH) 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 MHH?
Over the past 3 years, GURE and MHH moved with a correlation of -0.21, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.30 lands near the 3-year figure. Over 5 years the correlation is -0.13, and the annualized covariance of weekly returns is -1319.0 %².
Within GURE's tracked universe of 23 assets, MHH comes in at #14 by 3-year correlation. The last year tells two different stories: MHH led by 49.5 percentage points, -52.5% for GURE against -3.0% for MHH. One caveat on sizing: GURE is 2.9 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 MHH: side by side
| GURE (Gulf Resources, Inc.) | MHH (Mastech Digital, Inc) | |
|---|---|---|
| 1-year return | -52.5% | -3.0% |
| 5-year return | -92.1% | -56.7% |
| Volatility (ann.) | 137.7% | 46.7% |
| Beta vs S&P 500 | -0.30 | 0.80 |
| Max drawdown (3Y) | -88.1% | -65.6% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | 43.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GURE | MHH |
|---|---|---|
| 2022 | -28.6% | -35.5% |
| 2023 | -46.6% | -23.4% |
| 2024 | -65.5% | +76.7% |
| 2025 | -35.1% | -53.2% |
| 2026 | -7.6% | +5.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GURE and MHH 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 MHH?
The GURE/MHH correlation stands at -0.21 on a 3-year window (1 year: -0.30, 5 years: -0.13), computed from weekly returns as of 2026-08-27.
Is MHH 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-mhh.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gure-vs-mhh/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GURE correlations · MHH correlations
