ENVB vs PPCB: Correlation
Enveric Biosciences, Inc. (ENVB) and Propanc Biopharma, Inc. (PPCB) show a negative relationship: their 3-year correlation of weekly returns is -0.34.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ENVB and PPCB?
Across a 3-year window, the weekly returns of ENVB and PPCB correlate at -0.34, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.07) runs above the 3-year figure (-0.34). Stretching to 5 years gives -0.28, with an annualized covariance of -53051620.9 %².
PPCB is close to the least connected end of ENVB's tracked universe, ranking #16 of 16. Twelve-month performance is nearly a tie, at -92.1% for ENVB and -97.0% for PPCB. One caveat on sizing: PPCB is 5983.8 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.
ENVB vs PPCB: side by side
| ENVB (Enveric Biosciences, Inc.) | PPCB (Propanc Biopharma, Inc.) | |
|---|---|---|
| 1-year return | -92.1% | -97.0% |
| 5-year return | -100.0% | -99.9% |
| Volatility (ann.) | 160.8% | 962193.8% |
| Beta vs S&P 500 | 0.75 | -3746.20 |
| Max drawdown (3Y) | -100.0% | -99.8% |
| Market cap | – | – |
| P/E (trailing) | – | 0.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ENVB | PPCB |
|---|---|---|
| 2022 | -95.5% | -98.6% |
| 2023 | -37.5% | -98.0% |
| 2024 | -72.5% | -98.3% |
| 2025 | -99.6% | +134050.0% |
| 2026 | -62.3% | -83.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ENVB and PPCB good diversifiers for each other?
By historical standards, yes. A correlation of -0.34 means the two rarely move for the same reasons.
FAQ
What is the correlation between ENVB and PPCB?
Using weekly returns as of 2026-08-27: -0.34 over 3 years, with 0.07 over the last year and -0.28 over 5 years.
Is PPCB a good diversifier for ENVB?
By historical standards, yes. A correlation of -0.34 means the two rarely move for the same reasons.
What does a correlation of -0.34 mean?
On the −1 to +1 scale, -0.34 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/envb-vs-ppcb.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/envb-vs-ppcb/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ENVB correlations · PPCB correlations
