HAO vs PPCB: Correlation
Haoxi Health Technology Limited - Class A Ord Share (HAO) and Propanc Biopharma, Inc. (PPCB) show a moderate relationship: their 3-year correlation of weekly returns is 0.58.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HAO and PPCB?
On 3 years of weekly data the HAO/PPCB correlation comes out at 0.58, moderate. Lately the two have drifted apart, with the 1-year correlation at -0.04 versus 0.58 over 3 years. The 5-year figure is n/a, and annualized covariance runs at 1371394324.8 %².
Among the 26 assets we track against HAO, PPCB ranks #7 by 3-year correlation. Their 12-month results are close: -97.9% for HAO against -97.0% for PPCB. Risk is not evenly split, since PPCB carries 423.1 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.
HAO vs PPCB: side by side
| HAO (Haoxi Health Technology Limited - Class A Ord Share) | PPCB (Propanc Biopharma, Inc.) | |
|---|---|---|
| 1-year return | -97.9% | -97.0% |
| 5-year return | n/a | -99.9% |
| Volatility (ann.) | 2273.9% | 962193.8% |
| Beta vs S&P 500 | -2.44 | -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 | HAO | PPCB |
|---|---|---|
| 2022 | – | -98.6% |
| 2023 | – | -98.0% |
| 2024 | – | -98.3% |
| 2025 | +613.3% | +134050.0% |
| 2026 | -97.7% | -83.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HAO and PPCB good diversifiers for each other?
Somewhat, no more. With 0.58 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between HAO and PPCB?
The HAO/PPCB correlation stands at 0.58 on a 3-year window (1 year: -0.04, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is PPCB a good diversifier for HAO?
Somewhat, no more. With 0.58 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.58 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/hao-vs-ppcb.json
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Related comparisons
Hubs: HAO correlations · PPCB correlations
