PLCE vs SMMT: Correlation
Measured on weekly returns over the past three years, Children's Place, Inc. (The) (PLCE) and Summit Therapeutics Inc. (SMMT) carry a correlation of 0.44, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PLCE and SMMT?
Over the past 3 years, PLCE and SMMT moved with a correlation of 0.44, which is moderate. The past 12 months show a weaker link (0.03) than the 3-year average (0.44). Over 5 years the correlation is 0.21, and the annualized covariance of weekly returns is 10601.7 %².
By 3-year correlation, SMMT places #7 of the 21 assets tracked against PLCE. Neither side won the trailing year by much: -47.1% against -42.2%.
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.
PLCE vs SMMT: side by side
| PLCE (Children's Place, Inc. (The)) | SMMT (Summit Therapeutics Inc.) | |
|---|---|---|
| 1-year return | -47.1% | -42.2% |
| 5-year return | -97.2% | +78.5% |
| Volatility (ann.) | 159.8% | 150.4% |
| Beta vs S&P 500 | 2.28 | 2.43 |
| Max drawdown (3Y) | -92.3% | -66.1% |
| Market cap | $0.1B | $11.4B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PLCE | SMMT |
|---|---|---|
| 2022 | -54.1% | +58.0% |
| 2023 | -36.2% | -38.6% |
| 2024 | -55.0% | +583.7% |
| 2025 | -62.0% | -2.0% |
| 2026 | -38.4% | -18.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PLCE and SMMT good diversifiers for each other?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between PLCE and SMMT?
As of 2026-08-27, the correlation of weekly returns between PLCE and SMMT is 0.44 over 3 years, 0.03 over 1 year and 0.21 over 5 years.
Is SMMT a good diversifier for PLCE?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.44 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: PLCE correlations · SMMT correlations
