HCTI vs PMN: Correlation
How closely do Healthcare Triangle, Inc. (HCTI) and ProMIS Neurosciences Inc. (PMN) trade together? Their weekly returns over three years give a correlation of 0.42, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HCTI and PMN?
Across a 3-year window, the weekly returns of HCTI and PMN correlate at 0.42, moderate. Lately the two have drifted apart, with the 1-year correlation at -0.17 versus 0.42 over 3 years. Stretching to 5 years gives 0.37, with an annualized covariance of 12969.4 %².
By 3-year correlation, PMN places #4 of the 15 assets tracked against HCTI. The last year tells two different stories: PMN led by 105.1 percentage points, -99.5% for HCTI against +5.6% for PMN. Risk is not evenly split, since HCTI carries 2.0 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.
HCTI vs PMN: side by side
| HCTI (Healthcare Triangle, Inc.) | PMN (ProMIS Neurosciences Inc.) | |
|---|---|---|
| 1-year return | -99.5% | +5.6% |
| 5-year return | -100.0% | -94.2% |
| Volatility (ann.) | 249.0% | 122.6% |
| Beta vs S&P 500 | 0.19 | 0.45 |
| Max drawdown (3Y) | -100.0% | -90.4% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HCTI | PMN |
|---|---|---|
| 2022 | -90.1% | -34.2% |
| 2023 | +52.5% | -73.5% |
| 2024 | -64.1% | -17.4% |
| 2025 | -99.7% | -71.2% |
| 2026 | -97.8% | +104.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HCTI and PMN good diversifiers for each other?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between HCTI and PMN?
As of 2026-08-27, the correlation of weekly returns between HCTI and PMN is 0.42 over 3 years, -0.17 over 1 year and 0.37 over 5 years.
Is PMN a good diversifier for HCTI?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.42 mean?
On the −1 to +1 scale, 0.42 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/hcti-vs-pmn.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/hcti-vs-pmn/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: HCTI correlations · PMN correlations
