MCHP vs PMCB: Correlation
Microchip Technology (MCHP) and PharmaCyte Biotech, Inc. (PMCB) 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 MCHP and PMCB?
On 3 years of weekly data the MCHP/PMCB correlation comes out at 0.40, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.52 versus 0.40 over 3 years. The 5-year figure is 0.36, and annualized covariance runs at 1149.6 %².
By 3-year correlation, PMCB places #33 of the 44 assets tracked against MCHP. Their recent paths diverged sharply: over the last 12 months MCHP outperformed by 60.5 percentage points (+16.2% for MCHP against -44.3% for PMCB).
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.
MCHP vs PMCB: side by side
| MCHP (Microchip Technology) | PMCB (PharmaCyte Biotech, Inc.) | |
|---|---|---|
| 1-year return | +16.2% | -44.3% |
| 5-year return | +5.9% | -83.6% |
| Volatility (ann.) | 46.7% | 62.1% |
| Beta vs S&P 500 | 1.97 | 0.92 |
| Max drawdown (3Y) | -63.8% | -80.3% |
| Market cap | $41.0B | – |
| P/E (trailing) | 109.4 | – |
| Dividend yield | 2.46% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | MCHP | PMCB |
|---|---|---|
| 2022 | -18.0% | +17.2% |
| 2023 | +30.9% | -26.3% |
| 2024 | -35.0% | -27.3% |
| 2025 | +14.6% | -53.9% |
| 2026 | +20.5% | -25.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MCHP and PMCB good diversifiers for each other?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between MCHP and PMCB?
As of 2026-08-27, the correlation of weekly returns between MCHP and PMCB is 0.40 over 3 years, 0.52 over 1 year and 0.36 over 5 years.
Is PMCB a good diversifier for MCHP?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.40 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.
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Related comparisons
Hubs: MCHP correlations · PMCB correlations
