PCSA vs TPST: Correlation
Measured on weekly returns over the past three years, Processa Pharmaceuticals, Inc. (PCSA) and Tempest Therapeutics, Inc. (TPST) carry a correlation of 0.63, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PCSA and TPST?
Across a 3-year window, the weekly returns of PCSA and TPST correlate at 0.63, strong. The link has loosened recently: the 1-year correlation (0.06) runs below the 3-year figure (0.63). Stretching to 5 years gives 0.59, with an annualized covariance of 75583.0 %².
TPST is one of the assets that tracks PCSA most closely: it ranks #1 out of the 15 assets we track against PCSA. Their recent paths diverged sharply: over the last 12 months PCSA outperformed by 29.6 percentage points (-60.4% for PCSA against -90.0% for TPST). One caveat on sizing: TPST is 5.1 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.
PCSA vs TPST: side by side
| PCSA (Processa Pharmaceuticals, Inc.) | TPST (Tempest Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | -60.4% | -90.0% |
| 5-year return | -99.9% | -99.4% |
| Volatility (ann.) | 153.6% | 782.8% |
| Beta vs S&P 500 | 1.04 | 1.97 |
| Max drawdown (3Y) | -99.6% | -99.3% |
| 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 | TPST |
|---|---|---|
| 2022 | -77.6% | -78.2% |
| 2023 | -69.5% | +282.6% |
| 2024 | -86.8% | -81.0% |
| 2025 | -87.0% | -73.6% |
| 2026 | -26.7% | -62.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PCSA and TPST good diversifiers for each other?
To a limited degree. At 0.63 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between PCSA and TPST?
As of 2026-08-27, the correlation of weekly returns between PCSA and TPST is 0.63 over 3 years, 0.06 over 1 year and 0.59 over 5 years.
Is TPST a good diversifier for PCSA?
To a limited degree. At 0.63 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.63 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.
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Related comparisons
Hubs: PCSA correlations · TPST correlations
