PCSA vs SFWL: Correlation
Processa Pharmaceuticals, Inc. (PCSA) and Shengfeng Development Limited - Class A (SFWL) show a moderate relationship: their 3-year correlation of weekly returns is 0.34.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PCSA and SFWL?
On 3 years of weekly data the PCSA/SFWL correlation comes out at 0.34, moderate. The past 12 months show a weaker link (-0.25) than the 3-year average (0.34). The 5-year figure is n/a, and annualized covariance runs at 4965.3 %².
Within PCSA's tracked universe of 15 assets, SFWL comes in at #7 by 3-year correlation. Correlation aside, the last 12 months split them widely, with SFWL ahead by 46.0 points (-60.4% versus -14.4%). Risk is not evenly split, since PCSA carries 1.6 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.
PCSA vs SFWL: side by side
| PCSA (Processa Pharmaceuticals, Inc.) | SFWL (Shengfeng Development Limited - Class A) | |
|---|---|---|
| 1-year return | -60.4% | -14.4% |
| 5-year return | -99.9% | n/a |
| Volatility (ann.) | 153.6% | 94.3% |
| Beta vs S&P 500 | 1.04 | 0.08 |
| Max drawdown (3Y) | -99.6% | -95.9% |
| Market cap | – | $0.1B |
| P/E (trailing) | 3.3 | 6.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PCSA | SFWL |
|---|---|---|
| 2022 | -77.6% | – |
| 2023 | -69.5% | – |
| 2024 | -86.8% | -63.3% |
| 2025 | -87.0% | -12.0% |
| 2026 | -26.7% | -8.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PCSA and SFWL good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.34 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between PCSA and SFWL?
The PCSA/SFWL correlation stands at 0.34 on a 3-year window (1 year: -0.25, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is SFWL a good diversifier for PCSA?
Yes, to a useful degree: a correlation of 0.34 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.34 mean?
On the −1 to +1 scale, 0.34 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.
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Related comparisons
Hubs: PCSA correlations · SFWL correlations
