IBAC vs PCSA: Correlation
Measured on weekly returns over the past three years, IB Acquisition Corp. (IBAC) and Processa Pharmaceuticals, Inc. (PCSA) carry a correlation of -0.26, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IBAC and PCSA?
On 3 years of weekly data the IBAC/PCSA correlation comes out at -0.26, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.28) sits close to the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at -58.3 %².
By 3-year correlation, PCSA places #43 of the 62 assets tracked against IBAC. Correlation aside, the last 12 months split them widely, with IBAC ahead by 63.7 points (+3.3% versus -60.4%). Risk is not evenly split, since PCSA carries 73.1 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.
IBAC vs PCSA: side by side
| IBAC (IB Acquisition Corp.) | PCSA (Processa Pharmaceuticals, Inc.) | |
|---|---|---|
| 1-year return | +3.3% | -60.4% |
| 5-year return | n/a | -99.9% |
| Volatility (ann.) | 2.1% | 153.6% |
| Beta vs S&P 500 | -0.00 | 1.04 |
| Max drawdown (3Y) | -3.2% | -99.6% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | 3.3 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IBAC | PCSA |
|---|---|---|
| 2022 | – | -77.6% |
| 2023 | – | -69.5% |
| 2024 | – | -86.8% |
| 2025 | +3.7% | -87.0% |
| 2026 | +3.7% | -26.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IBAC and PCSA good diversifiers for each other?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
FAQ
What is the correlation between IBAC and PCSA?
Using weekly returns as of 2026-08-27: -0.26 over 3 years, with -0.28 over the last year and n/a over 5 years.
Is PCSA a good diversifier for IBAC?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
What does a correlation of -0.26 mean?
On the −1 to +1 scale, -0.26 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/ibac-vs-pcsa.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ibac-vs-pcsa/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: IBAC correlations · PCSA correlations
