GITS vs PPCB: Correlation
Global Interactive Technologies, Inc. (GITS) and Propanc Biopharma, Inc. (PPCB) show a very strong relationship: their 3-year correlation of weekly returns is 0.98.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GITS and PPCB?
Over the past 3 years, GITS and PPCB moved with a correlation of 0.98, which is very strong, meaning they move nearly in lockstep. Lately the two have drifted apart, with the 1-year correlation at 0.01 versus 0.98 over 3 years. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 1281189812.2 %².
Few assets follow GITS as closely as PPCB, which ranks #1 of 35 tracked partners. Correlation aside, the last 12 months split them widely, with GITS ahead by 74.9 points (-22.1% versus -97.0%). Risk is not evenly split, since PPCB carries 711.7 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.
GITS vs PPCB: side by side
| GITS (Global Interactive Technologies, Inc.) | PPCB (Propanc Biopharma, Inc.) | |
|---|---|---|
| 1-year return | -22.1% | -97.0% |
| 5-year return | n/a | -99.9% |
| Volatility (ann.) | 1352.0% | 962193.8% |
| Beta vs S&P 500 | -3.91 | -3746.20 |
| Max drawdown (3Y) | -98.4% | -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 | GITS | PPCB |
|---|---|---|
| 2022 | – | -98.6% |
| 2023 | – | -98.0% |
| 2024 | -69.5% | -98.3% |
| 2025 | +186.6% | +134050.0% |
| 2026 | +154.2% | -83.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GITS and PPCB good diversifiers for each other?
No. With a correlation of 0.98, GITS and PPCB move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between GITS and PPCB?
The GITS/PPCB correlation stands at 0.98 on a 3-year window (1 year: 0.01, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is PPCB a good diversifier for GITS?
No. With a correlation of 0.98, GITS and PPCB move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.98 mean?
A reading of 0.98 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: GITS correlations · PPCB correlations
