MRAM vs PPC: Correlation
Measured on weekly returns over the past three years, Everspin Technologies, Inc. (MRAM) and Pilgrim's Pride Corporation (PPC) carry a correlation of -0.27, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MRAM and PPC?
Across a 3-year window, the weekly returns of MRAM and PPC correlate at -0.27, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.33 lands near the 3-year figure. Stretching to 5 years gives -0.08, with an annualized covariance of -573.9 %².
Among the 22 assets we track against MRAM, PPC sits near the bottom by co-movement, at rank #21. Their recent paths diverged sharply: over the last 12 months MRAM outperformed by 204.0 percentage points (+173.2% for MRAM against -30.8% for PPC). Note the risk asymmetry: MRAM runs 2.3 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
MRAM vs PPC: side by side
| MRAM (Everspin Technologies, Inc.) | PPC (Pilgrim's Pride Corporation) | |
|---|---|---|
| 1-year return | +173.2% | -30.8% |
| 5-year return | +134.7% | +32.4% |
| Volatility (ann.) | 69.5% | 30.3% |
| Beta vs S&P 500 | 1.58 | -0.17 |
| Max drawdown (3Y) | -70.6% | -49.2% |
| Market cap | $0.4B | $7.4B |
| P/E (trailing) | – | 13.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MRAM | PPC |
|---|---|---|
| 2022 | -50.8% | -15.9% |
| 2023 | +62.6% | +16.6% |
| 2024 | -29.3% | +64.1% |
| 2025 | +45.2% | +1.4% |
| 2026 | +88.1% | -20.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MRAM and PPC good diversifiers for each other?
Yes. With a correlation of -0.27, MRAM and PPC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between MRAM and PPC?
The MRAM/PPC correlation stands at -0.27 on a 3-year window (1 year: -0.33, 5 years: -0.08), computed from weekly returns as of 2026-08-27.
Is PPC a good diversifier for MRAM?
Yes. With a correlation of -0.27, MRAM and PPC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.27 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/mram-vs-ppc.json
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[](https://www.pairbook.io/pair/mram-vs-ppc/)
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Related comparisons
Hubs: MRAM correlations · PPC correlations
