EME vs PPCB: Correlation
Emcor (EME) and Propanc Biopharma, Inc. (PPCB) show a negative relationship: their 3-year correlation of weekly returns is -0.28.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EME and PPCB?
On 3 years of weekly data the EME/PPCB correlation comes out at -0.28, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.06 versus -0.28 over 3 years. The 5-year figure is -0.23, and annualized covariance runs at -9301242.7 %².
Among the 34 assets we track against EME, PPCB sits near the bottom by co-movement, at rank #31. Correlation aside, the last 12 months split them widely, with EME ahead by 121.5 points (+24.5% versus -97.0%). One caveat on sizing: PPCB is 27570.0 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.
EME vs PPCB: side by side
| EME (Emcor) | PPCB (Propanc Biopharma, Inc.) | |
|---|---|---|
| 1-year return | +24.5% | -97.0% |
| 5-year return | +540.3% | -99.9% |
| Volatility (ann.) | 34.9% | 962193.8% |
| Beta vs S&P 500 | 1.31 | -3746.20 |
| Max drawdown (3Y) | -36.2% | -99.8% |
| Market cap | $34.2B | – |
| P/E (trailing) | 23.8 | 0.0 |
| Dividend yield | 0.09% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | EME | PPCB |
|---|---|---|
| 2022 | +16.8% | -98.6% |
| 2023 | +46.0% | -98.0% |
| 2024 | +111.3% | -98.3% |
| 2025 | +35.1% | +134050.0% |
| 2026 | +26.9% | -83.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EME and PPCB good diversifiers for each other?
Yes. With a correlation of -0.28, EME and PPCB have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between EME and PPCB?
Using weekly returns as of 2026-08-27: -0.28 over 3 years, with -0.06 over the last year and -0.23 over 5 years.
Is PPCB a good diversifier for EME?
Yes. With a correlation of -0.28, EME and PPCB have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.28 mean?
On the −1 to +1 scale, -0.28 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/eme-vs-ppcb.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/eme-vs-ppcb/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: EME correlations · PPCB correlations
