PCRX vs SRCE: Correlation
Pacira BioSciences, Inc. (PCRX) and 1st Source Corporation (SRCE) show a moderate relationship: their 3-year correlation of weekly returns is 0.37.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PCRX and SRCE?
On 3 years of weekly data the PCRX/SRCE correlation comes out at 0.37, moderate. The relationship has been stable: the 1-year correlation (0.38) sits close to the 3-year figure. The 5-year figure is 0.30, and annualized covariance runs at 465.5 %².
Among the 12 assets we track against PCRX, SRCE ranks #5 by 3-year correlation. The last year tells two different stories: SRCE led by 38.1 percentage points, -1.1% for PCRX against +37.0% for SRCE. Risk is not evenly split, since PCRX carries 2.0 times the volatility of the other side.
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 SRCE: side by side
| PCRX (Pacira BioSciences, Inc.) | SRCE (1st Source Corporation) | |
|---|---|---|
| 1-year return | -1.1% | +37.0% |
| 5-year return | -56.2% | +110.2% |
| Volatility (ann.) | 50.0% | 25.5% |
| Beta vs S&P 500 | 0.71 | 0.61 |
| Max drawdown (3Y) | -67.9% | -21.2% |
| Market cap | $1.0B | $2.1B |
| P/E (trailing) | 73.8 | 12.4 |
| Dividend yield | 0.00% | 0.93% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PCRX | SRCE |
|---|---|---|
| 2022 | -35.8% | +9.8% |
| 2023 | -12.6% | +6.5% |
| 2024 | -44.2% | +9.0% |
| 2025 | +37.4% | +9.8% |
| 2026 | -0.2% | +40.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PCRX and SRCE good diversifiers for each other?
Reasonably. At 0.37, PCRX and SRCE keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between PCRX and SRCE?
The PCRX/SRCE correlation stands at 0.37 on a 3-year window (1 year: 0.38, 5 years: 0.30), computed from weekly returns as of 2026-08-27.
Is SRCE a good diversifier for PCRX?
Reasonably. At 0.37, PCRX and SRCE keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.37 mean?
On the −1 to +1 scale, 0.37 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/pcrx-vs-srce.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/pcrx-vs-srce/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: PCRX correlations · SRCE correlations
