JAZZ vs PTN: Correlation
Jazz Pharmaceuticals plc (JAZZ) and Palatin Technologies, Inc. (PTN) show a moderate relationship: their 3-year correlation of weekly returns is 0.40.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JAZZ and PTN?
On 3 years of weekly data the JAZZ/PTN correlation comes out at 0.40, moderate. The relationship has been stable: the 1-year correlation (0.46) sits close to the 3-year figure. The 5-year figure is 0.33, and annualized covariance runs at 1993.8 %².
Among the 14 assets we track against JAZZ, PTN ranks #7 by 3-year correlation. Correlation aside, the last 12 months split them widely, with JAZZ ahead by 102.8 points (+101.8% versus -1.0%). Risk is not evenly split, since PTN carries 4.2 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.
JAZZ vs PTN: side by side
| JAZZ (Jazz Pharmaceuticals plc) | PTN (Palatin Technologies, Inc.) | |
|---|---|---|
| 1-year return | +101.8% | -1.0% |
| 5-year return | +90.9% | -98.3% |
| Volatility (ann.) | 34.6% | 145.6% |
| Beta vs S&P 500 | 0.60 | 0.13 |
| Max drawdown (3Y) | -32.7% | -98.5% |
| Market cap | $16.3B | – |
| P/E (trailing) | 17.2 | 95.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | JAZZ | PTN |
|---|---|---|
| 2022 | +25.0% | -79.9% |
| 2023 | -22.8% | +55.5% |
| 2024 | +0.1% | -72.1% |
| 2025 | +38.0% | -72.3% |
| 2026 | +47.7% | -31.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JAZZ and PTN good diversifiers for each other?
Reasonably. At 0.40, JAZZ and PTN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between JAZZ and PTN?
As of 2026-08-27, the correlation of weekly returns between JAZZ and PTN is 0.40 over 3 years, 0.46 over 1 year and 0.33 over 5 years.
Is PTN a good diversifier for JAZZ?
Reasonably. At 0.40, JAZZ and PTN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.40 mean?
A reading of 0.40 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/jazz-vs-ptn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/jazz-vs-ptn/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: JAZZ correlations · PTN correlations
