GURE vs PAVS: Correlation
Measured on weekly returns over the past three years, Gulf Resources, Inc. (GURE) and Paranovus Entertainment Technology Ltd. - Class A (PAVS) carry a correlation of -0.34, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GURE and PAVS?
Over the past 3 years, GURE and PAVS moved with a correlation of -0.34, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.44 over 1 year against -0.34 over 3. Over 5 years the correlation is -0.28, and the annualized covariance of weekly returns is -6192.4 %².
Among the 23 assets we track against GURE, PAVS sits near the bottom by co-movement, at rank #22. Correlation aside, the last 12 months split them widely, with GURE ahead by 47.5 points (-52.5% versus -100.0%).
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 PAVS: side by side
| GURE (Gulf Resources, Inc.) | PAVS (Paranovus Entertainment Technology Ltd. - Class A) | |
|---|---|---|
| 1-year return | -52.5% | -100.0% |
| 5-year return | -92.1% | -100.0% |
| Volatility (ann.) | 137.7% | 133.6% |
| Beta vs S&P 500 | -0.30 | 1.06 |
| Max drawdown (3Y) | -88.1% | -100.0% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GURE | PAVS |
|---|---|---|
| 2022 | -28.6% | -61.1% |
| 2023 | -46.6% | -44.6% |
| 2024 | -65.5% | -44.4% |
| 2025 | -35.1% | -98.7% |
| 2026 | -7.6% | -99.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GURE and PAVS good diversifiers for each other?
By historical standards, yes. A correlation of -0.34 means the two rarely move for the same reasons.
FAQ
What is the correlation between GURE and PAVS?
As of 2026-08-27, the correlation of weekly returns between GURE and PAVS is -0.34 over 3 years, -0.44 over 1 year and -0.28 over 5 years.
Is PAVS a good diversifier for GURE?
By historical standards, yes. A correlation of -0.34 means the two rarely move for the same reasons.
What does a correlation of -0.34 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.
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Related comparisons
Hubs: GURE correlations · PAVS correlations
