DECK vs PPCB: Correlation
Measured on weekly returns over the past three years, Deckers Brands (DECK) and Propanc Biopharma, Inc. (PPCB) 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 DECK and PPCB?
Over the past 3 years, DECK and PPCB moved with a correlation of -0.25, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.06) than the 3-year average (-0.25). Over 5 years the correlation is -0.21, and the annualized covariance of weekly returns is -10338012.0 %².
Out of 31 assets tracked against DECK, PPCB lands near the bottom at #28. Correlation aside, the last 12 months split them widely, with DECK ahead by 71.0 points (-26.0% versus -97.0%). Note the risk asymmetry: PPCB runs 22068.7 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.
DECK vs PPCB: side by side
| DECK (Deckers Brands) | PPCB (Propanc Biopharma, Inc.) | |
|---|---|---|
| 1-year return | -26.0% | -97.0% |
| 5-year return | +22.8% | -99.9% |
| Volatility (ann.) | 43.6% | 962193.8% |
| Beta vs S&P 500 | 1.20 | -3746.20 |
| Max drawdown (3Y) | -64.3% | -99.8% |
| Market cap | $11.8B | – |
| P/E (trailing) | 12.7 | 0.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Consumer Discretionary | US Listed |
Year-by-year returns
| Year | DECK | PPCB |
|---|---|---|
| 2022 | +9.0% | -98.6% |
| 2023 | +67.5% | -98.0% |
| 2024 | +82.3% | -98.3% |
| 2025 | -49.0% | +134050.0% |
| 2026 | -16.7% | -83.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DECK and PPCB good diversifiers for each other?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
FAQ
What is the correlation between DECK and PPCB?
As of 2026-08-27, the correlation of weekly returns between DECK and PPCB is -0.25 over 3 years, 0.06 over 1 year and -0.21 over 5 years.
Is PPCB a good diversifier for DECK?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
What does a correlation of -0.25 mean?
A reading of -0.25 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/deck-vs-ppcb.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/deck-vs-ppcb/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: DECK correlations · PPCB correlations
