EBON vs PWCM: Correlation
Ebang International Holdings Inc. - Class A (EBON) and PowerCompute, Inc. (PWCM) show a moderate relationship: their 3-year correlation of weekly returns is 0.49.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EBON and PWCM?
Over the past 3 years, EBON and PWCM moved with a correlation of 0.49, which is moderate. The past 12 months show a weaker link (0.31) than the 3-year average (0.49). Over 5 years the correlation is 0.42, and the annualized covariance of weekly returns is 4993.1 %².
By 3-year correlation, PWCM places #5 of the 14 assets tracked against EBON. Correlation aside, the last 12 months split them widely, with EBON ahead by 52.6 points (-43.5% versus -96.1%).
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.
EBON vs PWCM: side by side
| EBON (Ebang International Holdings Inc. - Class A) | PWCM (PowerCompute, Inc.) | |
|---|---|---|
| 1-year return | -43.5% | -96.1% |
| 5-year return | -97.1% | -99.8% |
| Volatility (ann.) | 87.4% | 115.8% |
| Beta vs S&P 500 | 1.50 | 2.15 |
| Max drawdown (3Y) | -90.4% | -99.3% |
| Market cap | – | – |
| P/E (trailing) | – | 0.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EBON | PWCM |
|---|---|---|
| 2022 | -90.6% | -88.6% |
| 2023 | +425.8% | +11.8% |
| 2024 | -62.6% | -41.9% |
| 2025 | -46.5% | -79.3% |
| 2026 | -27.4% | -88.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EBON and PWCM good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between EBON and PWCM?
As of 2026-08-27, the correlation of weekly returns between EBON and PWCM is 0.49 over 3 years, 0.31 over 1 year and 0.42 over 5 years.
Is PWCM a good diversifier for EBON?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.49 mean?
A reading of 0.49 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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Related comparisons
Hubs: EBON correlations · PWCM correlations
