CNCK vs PMCB: Correlation
Coincheck Group N.V. (CNCK) and PharmaCyte Biotech, Inc. (PMCB) show a moderate relationship: their 3-year correlation of weekly returns is 0.36.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CNCK and PMCB?
Across a 3-year window, the weekly returns of CNCK and PMCB correlate at 0.36, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.47 versus 0.36 over 3 years. Stretching to 5 years gives 0.34, with an annualized covariance of 2047.2 %².
By 3-year correlation, PMCB places #4 of the 14 assets tracked against CNCK. The last year tells two different stories: PMCB led by 15.4 percentage points, -59.7% for CNCK against -44.3% for PMCB.
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.
CNCK vs PMCB: side by side
| CNCK (Coincheck Group N.V.) | PMCB (PharmaCyte Biotech, Inc.) | |
|---|---|---|
| 1-year return | -59.7% | -44.3% |
| 5-year return | -78.6% | -83.6% |
| Volatility (ann.) | 91.0% | 62.1% |
| Beta vs S&P 500 | 0.99 | 0.92 |
| Max drawdown (3Y) | -89.9% | -80.3% |
| Market cap | $0.4B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CNCK | PMCB |
|---|---|---|
| 2022 | +1.8% | +17.2% |
| 2023 | +2.9% | -26.3% |
| 2024 | -13.0% | -27.3% |
| 2025 | -71.7% | -53.9% |
| 2026 | -17.5% | -25.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CNCK and PMCB good diversifiers for each other?
A fair diversifier. At 0.36, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CNCK and PMCB?
As of 2026-08-27, the correlation of weekly returns between CNCK and PMCB is 0.36 over 3 years, 0.47 over 1 year and 0.34 over 5 years.
Is PMCB a good diversifier for CNCK?
A fair diversifier. At 0.36, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.36 mean?
On the −1 to +1 scale, 0.36 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.
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Related comparisons
Hubs: CNCK correlations · PMCB correlations
