JBSS vs PPCB: Correlation
John B. Sanfilippo & Son, Inc. (JBSS) and Propanc Biopharma, Inc. (PPCB) show a negative relationship: their 3-year correlation of weekly returns is -0.38.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JBSS and PPCB?
Across a 3-year window, the weekly returns of JBSS and PPCB correlate at -0.38, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.14 versus -0.38 over 3 years. Stretching to 5 years gives -0.31, with an annualized covariance of -10532543.4 %².
PPCB is close to the least connected end of JBSS's tracked universe, ranking #12 of 12. Correlation aside, the last 12 months split them widely, with JBSS ahead by 116.2 points (+19.2% versus -97.0%). Risk is not evenly split, since PPCB carries 33643.1 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.
JBSS vs PPCB: side by side
| JBSS (John B. Sanfilippo & Son, Inc.) | PPCB (Propanc Biopharma, Inc.) | |
|---|---|---|
| 1-year return | +19.2% | -97.0% |
| 5-year return | +6.4% | -99.9% |
| Volatility (ann.) | 28.6% | 962193.8% |
| Beta vs S&P 500 | 0.21 | -3746.20 |
| Max drawdown (3Y) | -43.7% | -99.8% |
| Market cap | $0.9B | – |
| P/E (trailing) | 14.1 | 0.0 |
| Dividend yield | 1.25% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | JBSS | PPCB |
|---|---|---|
| 2022 | -5.9% | -98.6% |
| 2023 | +30.9% | -98.0% |
| 2024 | -12.8% | -98.3% |
| 2025 | -15.8% | +134050.0% |
| 2026 | +9.3% | -83.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JBSS and PPCB good diversifiers for each other?
Yes. With a correlation of -0.38, JBSS and PPCB have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between JBSS and PPCB?
As of 2026-08-27, the correlation of weekly returns between JBSS and PPCB is -0.38 over 3 years, 0.14 over 1 year and -0.31 over 5 years.
Is PPCB a good diversifier for JBSS?
Yes. With a correlation of -0.38, JBSS and PPCB have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.38 mean?
A reading of -0.38 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/jbss-vs-ppcb.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/jbss-vs-ppcb/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: JBSS correlations · PPCB correlations
