PCSA vs PRZO: Correlation
How closely do Processa Pharmaceuticals, Inc. (PCSA) and ParaZero Technologies Ltd. (PRZO) trade together? Their weekly returns over three years give a correlation of 0.38, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PCSA and PRZO?
On 3 years of weekly data the PCSA/PRZO correlation comes out at 0.38, moderate. Lately the two have drifted apart, with the 1-year correlation at -0.01 versus 0.38 over 3 years. The 5-year figure is n/a, and annualized covariance runs at 10124.6 %².
Few assets follow PCSA as closely as PRZO, which ranks #3 of 15 tracked partners. Correlation aside, the last 12 months split them widely, with PRZO ahead by 18.1 points (-60.4% versus -42.3%).
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.
PCSA vs PRZO: side by side
| PCSA (Processa Pharmaceuticals, Inc.) | PRZO (ParaZero Technologies Ltd.) | |
|---|---|---|
| 1-year return | -60.4% | -42.3% |
| 5-year return | -99.9% | n/a |
| Volatility (ann.) | 153.6% | 172.1% |
| Beta vs S&P 500 | 1.04 | 1.95 |
| Max drawdown (3Y) | -99.6% | -88.0% |
| Market cap | – | – |
| P/E (trailing) | 3.3 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PCSA | PRZO |
|---|---|---|
| 2022 | -77.6% | – |
| 2023 | -69.5% | – |
| 2024 | -86.8% | +185.5% |
| 2025 | -87.0% | -59.9% |
| 2026 | -26.7% | -4.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PCSA and PRZO 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 PCSA and PRZO?
The PCSA/PRZO correlation stands at 0.38 on a 3-year window (1 year: -0.01, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is PRZO a good diversifier for PCSA?
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?
On the −1 to +1 scale, 0.38 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/pcsa-vs-przo.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/pcsa-vs-przo/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: PCSA correlations · PRZO correlations
