AMOD vs PPCB: Correlation
How closely do Alpha Modus Holdings, Inc. (AMOD) and Propanc Biopharma, Inc. (PPCB) trade together? Their weekly returns over three years give a correlation of 0.41, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMOD and PPCB?
Across a 3-year window, the weekly returns of AMOD and PPCB correlate at 0.41, moderate. Lately the two have drifted apart, with the 1-year correlation at -0.30 versus 0.41 over 3 years. Stretching to 5 years gives 0.40, with an annualized covariance of 37854623.1 %².
PPCB is one of the assets that tracks AMOD most closely: it ranks #3 out of the 10 assets we track against AMOD. Twelve-month performance is nearly a tie, at -93.5% for AMOD and -97.0% for PPCB. Risk is not evenly split, since PPCB carries 9960.6 times the volatility of the other side.
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.
AMOD vs PPCB: side by side
| AMOD (Alpha Modus Holdings, Inc.) | PPCB (Propanc Biopharma, Inc.) | |
|---|---|---|
| 1-year return | -93.5% | -97.0% |
| 5-year return | -99.3% | -99.9% |
| Volatility (ann.) | 96.6% | 962193.8% |
| Beta vs S&P 500 | 1.12 | -3746.20 |
| Max drawdown (3Y) | -99.5% | -99.8% |
| Market cap | – | – |
| P/E (trailing) | – | 0.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AMOD | PPCB |
|---|---|---|
| 2022 | +3.2% | -98.6% |
| 2023 | +7.0% | -98.0% |
| 2024 | -72.2% | -98.3% |
| 2025 | -84.7% | +134050.0% |
| 2026 | -84.6% | -83.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMOD and PPCB good diversifiers for each other?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between AMOD and PPCB?
As of 2026-08-27, the correlation of weekly returns between AMOD and PPCB is 0.41 over 3 years, -0.30 over 1 year and 0.40 over 5 years.
Is PPCB a good diversifier for AMOD?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.41 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: AMOD correlations · PPCB correlations
