PCRX vs SHO: Correlation
Measured on weekly returns over the past three years, Pacira BioSciences, Inc. (PCRX) and Sunstone Hotel Investors, Inc. (SHO) carry a correlation of 0.38, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PCRX and SHO?
On 3 years of weekly data the PCRX/SHO correlation comes out at 0.38, moderate. Little has changed lately, as the 1-year reading of 0.31 lands near the 3-year figure. The 5-year figure is 0.29, and annualized covariance runs at 441.3 %².
Among the 12 assets we track against PCRX, SHO ranks #4 by 3-year correlation. The last year tells two different stories: SHO led by 22.5 percentage points, -1.1% for PCRX against +21.4% for SHO. One caveat on sizing: PCRX is 2.1 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
PCRX vs SHO: side by side
| PCRX (Pacira BioSciences, Inc.) | SHO (Sunstone Hotel Investors, Inc.) | |
|---|---|---|
| 1-year return | -1.1% | +21.4% |
| 5-year return | -56.2% | +10.7% |
| Volatility (ann.) | 50.0% | 23.4% |
| Beta vs S&P 500 | 0.71 | 0.76 |
| Max drawdown (3Y) | -67.9% | -36.6% |
| Market cap | $1.0B | $2.1B |
| P/E (trailing) | 73.8 | 50.9 |
| Dividend yield | 0.00% | 3.21% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PCRX | SHO |
|---|---|---|
| 2022 | -35.8% | -16.8% |
| 2023 | -12.6% | +14.4% |
| 2024 | -44.2% | +13.9% |
| 2025 | +37.4% | -21.5% |
| 2026 | -0.2% | +27.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PCRX and SHO good diversifiers for each other?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between PCRX and SHO?
Using weekly returns as of 2026-08-27: 0.38 over 3 years, with 0.31 over the last year and 0.29 over 5 years.
Is SHO a good diversifier for PCRX?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
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/pcrx-vs-sho.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/pcrx-vs-sho/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: PCRX correlations · SHO correlations
