GDTC vs PIII: Correlation
CytoMed Therapeutics Limited (GDTC) and P3 Health Partners Inc. (PIII) show a moderate relationship: their 3-year correlation of weekly returns is 0.37.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GDTC and PIII?
On 3 years of weekly data the GDTC/PIII correlation comes out at 0.37, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.52 versus 0.37 over 3 years. The 5-year figure is n/a, and annualized covariance runs at 4323.0 %².
In GDTC's tracked universe of 16 assets, PIII sits right near the top at #2. The last year tells two different stories: PIII led by 72.3 percentage points, -52.7% for GDTC against +19.6% for PIII. Risk is not evenly split, since PIII carries 2.1 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.
GDTC vs PIII: side by side
| GDTC (CytoMed Therapeutics Limited) | PIII (P3 Health Partners Inc.) | |
|---|---|---|
| 1-year return | -52.7% | +19.6% |
| 5-year return | n/a | -98.1% |
| Volatility (ann.) | 75.2% | 154.4% |
| Beta vs S&P 500 | 0.08 | 0.52 |
| Max drawdown (3Y) | -86.1% | -98.9% |
| Market cap | – | $1.9B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GDTC | PIII |
|---|---|---|
| 2022 | – | -73.9% |
| 2023 | – | -23.4% |
| 2024 | -30.6% | -84.0% |
| 2025 | -60.7% | -69.0% |
| 2026 | -28.8% | +169.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GDTC and PIII good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between GDTC and PIII?
As of 2026-08-27, the correlation of weekly returns between GDTC and PIII is 0.37 over 3 years, 0.52 over 1 year and n/a over 5 years.
Is PIII a good diversifier for GDTC?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.37 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/gdtc-vs-piii.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/gdtc-vs-piii/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GDTC correlations · PIII correlations
