PACS vs PTN: Correlation
PACS Group, Inc. (PACS) and Palatin Technologies, Inc. (PTN) show a moderate relationship: their 3-year correlation of weekly returns is 0.47.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PACS and PTN?
Over the past 3 years, PACS and PTN moved with a correlation of 0.47, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.67 versus 0.47 over 3 years. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 8396.2 %².
By 3-year correlation, PTN places #7 of the 35 assets tracked against PACS. Their recent paths diverged sharply: over the last 12 months PACS outperformed by 274.0 percentage points (+273.0% for PACS against -1.0% for PTN).
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.
PACS vs PTN: side by side
| PACS (PACS Group, Inc.) | PTN (Palatin Technologies, Inc.) | |
|---|---|---|
| 1-year return | +273.0% | -1.0% |
| 5-year return | n/a | -98.3% |
| Volatility (ann.) | 120.5% | 145.6% |
| Beta vs S&P 500 | 0.06 | 0.13 |
| Max drawdown (3Y) | -82.0% | -98.5% |
| Market cap | $7.0B | – |
| P/E (trailing) | 25.9 | 95.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PACS | PTN |
|---|---|---|
| 2022 | – | -79.9% |
| 2023 | – | +55.5% |
| 2024 | – | -72.1% |
| 2025 | +192.8% | -72.3% |
| 2026 | +15.2% | -31.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PACS and PTN good diversifiers for each other?
Reasonably. At 0.47, PACS and PTN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between PACS and PTN?
As of 2026-08-27, the correlation of weekly returns between PACS and PTN is 0.47 over 3 years, 0.67 over 1 year and n/a over 5 years.
Is PTN a good diversifier for PACS?
Reasonably. At 0.47, PACS and PTN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.47 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/pacs-vs-ptn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/pacs-vs-ptn/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: PACS correlations · PTN correlations
