APH vs PPCB: Correlation
How closely do Amphenol (APH) and Propanc Biopharma, Inc. (PPCB) trade together? Their weekly returns over three years give a correlation of -0.16, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are APH and PPCB?
Across a 3-year window, the weekly returns of APH and PPCB correlate at -0.16, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.25) than the 3-year average (-0.16). Stretching to 5 years gives -0.13, with an annualized covariance of -5176868.9 %².
Among the 38 assets we track against APH, PPCB ranks #30 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months APH outperformed by 144.5 percentage points (+47.5% for APH against -97.0% for PPCB). Risk is not evenly split, since PPCB carries 28636.7 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.
APH vs PPCB: side by side
| APH (Amphenol) | PPCB (Propanc Biopharma, Inc.) | |
|---|---|---|
| 1-year return | +47.5% | -97.0% |
| 5-year return | +338.9% | -99.9% |
| Volatility (ann.) | 33.6% | 962193.8% |
| Beta vs S&P 500 | 1.57 | -3746.20 |
| Max drawdown (3Y) | -28.2% | -99.8% |
| Market cap | $199.0B | – |
| P/E (trailing) | 40.3 | 0.0 |
| Dividend yield | 0.57% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | APH | PPCB |
|---|---|---|
| 2022 | -12.0% | -98.6% |
| 2023 | +31.5% | -98.0% |
| 2024 | +41.3% | -98.3% |
| 2025 | +96.1% | +134050.0% |
| 2026 | +19.8% | -83.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are APH and PPCB good diversifiers for each other?
Yes: at -0.16, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between APH and PPCB?
As of 2026-08-27, the correlation of weekly returns between APH and PPCB is -0.16 over 3 years, 0.25 over 1 year and -0.13 over 5 years.
Is PPCB a good diversifier for APH?
Yes: at -0.16, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.16 mean?
A reading of -0.16 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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$ curl https://www.pairbook.io/api/v1/pairs/aph-vs-ppcb.json
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Related comparisons
Hubs: APH correlations · PPCB correlations
