GXAI vs SSRM: Correlation
Measured on weekly returns over the past three years, Gaxos.ai Inc. (GXAI) and SSR Mining Inc. (SSRM) carry a correlation of -0.25, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GXAI and SSRM?
Over the past 3 years, GXAI and SSRM moved with a correlation of -0.25, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.04 versus -0.25 over 3 years. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -3146.7 %².
SSRM is close to the least connected end of GXAI's tracked universe, ranking #15 of 19. Correlation aside, the last 12 months split them widely, with SSRM ahead by 171.4 points (-59.6% versus +111.8%). Note the risk asymmetry: GXAI runs 3.0 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
GXAI vs SSRM: side by side
| GXAI (Gaxos.ai Inc.) | SSRM (SSR Mining Inc.) | |
|---|---|---|
| 1-year return | -59.6% | +111.8% |
| 5-year return | n/a | +149.2% |
| Volatility (ann.) | 191.3% | 64.6% |
| Beta vs S&P 500 | 0.51 | 0.98 |
| Max drawdown (3Y) | -93.5% | -73.4% |
| Market cap | – | $8.0B |
| P/E (trailing) | – | 14.7 |
| Dividend yield | 0.00% | 0.08% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GXAI | SSRM |
|---|---|---|
| 2022 | – | -10.0% |
| 2023 | – | -29.9% |
| 2024 | -37.0% | -35.3% |
| 2025 | -58.4% | +214.9% |
| 2026 | -24.1% | +78.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GXAI and SSRM good diversifiers for each other?
Yes. With a correlation of -0.25, GXAI and SSRM have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between GXAI and SSRM?
Using weekly returns as of 2026-08-27: -0.25 over 3 years, with -0.04 over the last year and n/a over 5 years.
Is SSRM a good diversifier for GXAI?
Yes. With a correlation of -0.25, GXAI and SSRM have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.25 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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Hubs: GXAI correlations · SSRM correlations
