PANW vs SEB: Correlation
Palo Alto Networks (PANW) and Seaboard Corporation (SEB) show a negative relationship: their 3-year correlation of weekly returns is -0.20.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PANW and SEB?
On 3 years of weekly data the PANW/SEB correlation comes out at -0.20, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.41 versus -0.20 over 3 years. The 5-year figure is -0.06, and annualized covariance runs at -271.7 %².
Out of 30 assets tracked against PANW, SEB lands near the bottom at #27. Their recent paths diverged sharply: over the last 12 months PANW outperformed by 99.3 percentage points (+104.1% for PANW against +4.8% for SEB).
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.
PANW vs SEB: side by side
| PANW (Palo Alto Networks) | SEB (Seaboard Corporation) | |
|---|---|---|
| 1-year return | +104.1% | +4.8% |
| 5-year return | +400.7% | -4.5% |
| Volatility (ann.) | 42.0% | 32.8% |
| Beta vs S&P 500 | 1.32 | -0.07 |
| Max drawdown (3Y) | -36.0% | -37.7% |
| Market cap | $312.0B | $3.8B |
| P/E (trailing) | 294.5 | 6.0 |
| Dividend yield | 0.00% | 0.22% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | PANW | SEB |
|---|---|---|
| 2022 | -24.8% | -3.8% |
| 2023 | +111.3% | -5.2% |
| 2024 | +23.4% | -31.7% |
| 2025 | +1.2% | +83.5% |
| 2026 | +107.8% | -11.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PANW and SEB good diversifiers for each other?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
FAQ
What is the correlation between PANW and SEB?
Using weekly returns as of 2026-08-27: -0.20 over 3 years, with -0.41 over the last year and -0.06 over 5 years.
Is SEB a good diversifier for PANW?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
What does a correlation of -0.20 mean?
On the −1 to +1 scale, -0.20 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/panw-vs-seb.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/panw-vs-seb/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: PANW correlations · SEB correlations
