GVH vs LCFY: Correlation
Measured on weekly returns over the past three years, Globavend Holdings Limited - Ord Shares (GVH) and Locafy Limited (LCFY) carry a correlation of -0.29, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GVH and LCFY?
On 3 years of weekly data the GVH/LCFY correlation comes out at -0.29, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.05 versus -0.29 over 3 years. The 5-year figure is n/a, and annualized covariance runs at -8237.3 %².
Out of 15 assets tracked against GVH, LCFY lands near the bottom at #12. The last year tells two different stories: LCFY led by 30.9 percentage points, -77.8% for GVH against -46.9% for LCFY.
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.
GVH vs LCFY: side by side
| GVH (Globavend Holdings Limited - Ord Shares) | LCFY (Locafy Limited) | |
|---|---|---|
| 1-year return | -77.8% | -46.9% |
| 5-year return | n/a | -96.6% |
| Volatility (ann.) | 162.4% | 170.8% |
| Beta vs S&P 500 | 1.17 | 2.20 |
| Max drawdown (3Y) | -99.8% | -77.4% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GVH | LCFY |
|---|---|---|
| 2023 | – | +53.8% |
| 2024 | -57.5% | -24.3% |
| 2025 | -98.9% | -59.2% |
| 2026 | -29.9% | -18.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GVH and LCFY good diversifiers for each other?
By historical standards, yes. A correlation of -0.29 means the two rarely move for the same reasons.
FAQ
What is the correlation between GVH and LCFY?
The GVH/LCFY correlation stands at -0.29 on a 3-year window (1 year: 0.05, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is LCFY a good diversifier for GVH?
By historical standards, yes. A correlation of -0.29 means the two rarely move for the same reasons.
What does a correlation of -0.29 mean?
On the −1 to +1 scale, -0.29 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/gvh-vs-lcfy.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/gvh-vs-lcfy/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GVH correlations · LCFY correlations
