PCSA vs SRXH: Correlation
Measured on weekly returns over the past three years, Processa Pharmaceuticals, Inc. (PCSA) and SRX Global Inc. (SRXH) carry a correlation of 0.31, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PCSA and SRXH?
Over the past 3 years, PCSA and SRXH moved with a correlation of 0.31, which is moderate. The past 12 months show a weaker link (0.18) than the 3-year average (0.31). Over 5 years the correlation is 0.23, and the annualized covariance of weekly returns is 5576.4 %².
Within PCSA's tracked universe of 15 assets, SRXH comes in at #8 by 3-year correlation. Correlation aside, the last 12 months split them widely, with PCSA ahead by 31.5 points (-60.4% versus -91.9%).
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 SRXH: side by side
| PCSA (Processa Pharmaceuticals, Inc.) | SRXH (SRX Global Inc.) | |
|---|---|---|
| 1-year return | -60.4% | -91.9% |
| 5-year return | -99.9% | -100.0% |
| Volatility (ann.) | 153.6% | 116.5% |
| Beta vs S&P 500 | 1.04 | 0.40 |
| Max drawdown (3Y) | -99.6% | -99.8% |
| 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 | SRXH |
|---|---|---|
| 2022 | -77.6% | -83.3% |
| 2023 | -69.5% | -48.6% |
| 2024 | -86.8% | -78.8% |
| 2025 | -87.0% | -86.9% |
| 2026 | -26.7% | -86.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PCSA and SRXH good diversifiers for each other?
A fair diversifier. At 0.31, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between PCSA and SRXH?
Using weekly returns as of 2026-08-27: 0.31 over 3 years, with 0.18 over the last year and 0.23 over 5 years.
Is SRXH a good diversifier for PCSA?
A fair diversifier. At 0.31, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.31 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/pcsa-vs-srxh.json
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Related comparisons
Hubs: PCSA correlations · SRXH correlations
