FIX vs PPCB: Correlation
Comfort Systems USA (FIX) and Propanc Biopharma, Inc. (PPCB) show a negative relationship: their 3-year correlation of weekly returns is -0.26.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FIX and PPCB?
On 3 years of weekly data the FIX/PPCB correlation comes out at -0.26, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.11 versus -0.26 over 3 years. The 5-year figure is -0.22, and annualized covariance runs at -11937238.2 %².
Among the 37 assets we track against FIX, PPCB sits near the bottom by co-movement, at rank #33. Correlation aside, the last 12 months split them widely, with FIX ahead by 225.0 points (+128.0% versus -97.0%). Risk is not evenly split, since PPCB carries 20299.4 times the volatility of the other side.
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.
FIX vs PPCB: side by side
| FIX (Comfort Systems USA) | PPCB (Propanc Biopharma, Inc.) | |
|---|---|---|
| 1-year return | +128.0% | -97.0% |
| 5-year return | +2077.9% | -99.9% |
| Volatility (ann.) | 47.4% | 962193.8% |
| Beta vs S&P 500 | 1.74 | -3746.20 |
| Max drawdown (3Y) | -46.0% | -99.8% |
| Market cap | $56.8B | – |
| P/E (trailing) | 39.8 | 0.0 |
| Dividend yield | 0.16% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | FIX | PPCB |
|---|---|---|
| 2022 | +17.0% | -98.6% |
| 2023 | +79.6% | -98.0% |
| 2024 | +106.9% | -98.3% |
| 2025 | +120.9% | +134050.0% |
| 2026 | +73.3% | -83.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FIX and PPCB good diversifiers for each other?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between FIX and PPCB?
The FIX/PPCB correlation stands at -0.26 on a 3-year window (1 year: -0.11, 5 years: -0.22), computed from weekly returns as of 2026-08-27.
Is PPCB a good diversifier for FIX?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.26 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/fix-vs-ppcb.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/fix-vs-ppcb/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: FIX correlations · PPCB correlations
