BCTX vs PWR: Correlation
BriaCell Therapeutics Corp. (BCTX) and Quanta Services (PWR) show a negative relationship: their 3-year correlation of weekly returns is -0.24.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BCTX and PWR?
On 3 years of weekly data the BCTX/PWR correlation comes out at -0.24, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.06) runs above the 3-year figure (-0.24). The 5-year figure is -0.19, and annualized covariance runs at -5559.1 %².
Within BCTX's tracked universe of 31 assets, PWR comes in at #21 by 3-year correlation. The last year tells two different stories: PWR led by 114.3 percentage points, -51.2% for BCTX against +63.1% for PWR. One caveat on sizing: BCTX is 20.0 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
BCTX vs PWR: side by side
| BCTX (BriaCell Therapeutics Corp.) | PWR (Quanta Services) | |
|---|---|---|
| 1-year return | -51.2% | +63.1% |
| 5-year return | -94.5% | +506.1% |
| Volatility (ann.) | 676.8% | 33.9% |
| Beta vs S&P 500 | -1.17 | 1.29 |
| Max drawdown (3Y) | -96.3% | -33.9% |
| Market cap | – | $93.5B |
| P/E (trailing) | – | 70.4 |
| Dividend yield | 0.00% | 0.07% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | BCTX | PWR |
|---|---|---|
| 2022 | -47.2% | +24.6% |
| 2023 | +33.9% | +51.7% |
| 2024 | -90.4% | +46.6% |
| 2025 | +27.0% | +33.7% |
| 2026 | -47.8% | +47.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BCTX and PWR good diversifiers for each other?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
FAQ
What is the correlation between BCTX and PWR?
As of 2026-08-27, the correlation of weekly returns between BCTX and PWR is -0.24 over 3 years, -0.06 over 1 year and -0.19 over 5 years.
Is PWR a good diversifier for BCTX?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
What does a correlation of -0.24 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bctx-vs-pwr.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bctx-vs-pwr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BCTX correlations · PWR correlations
