PLCE vs ZNB: Correlation
How closely do Children's Place, Inc. (The) (PLCE) and Zeta Network Group - Class A (ZNB) 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 PLCE and ZNB?
Across a 3-year window, the weekly returns of PLCE and ZNB correlate at 0.38, moderate. The link has loosened recently: the 1-year correlation (0.26) runs below the 3-year figure (0.38). Stretching to 5 years gives 0.34, with an annualized covariance of 10031.2 %².
Within PLCE's tracked universe of 21 assets, ZNB comes in at #11 by 3-year correlation. The last year tells two different stories: PLCE led by 52.8 percentage points, -47.1% for PLCE against -99.9% for ZNB.
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 ZNB: side by side
| PLCE (Children's Place, Inc. (The)) | ZNB (Zeta Network Group - Class A) | |
|---|---|---|
| 1-year return | -47.1% | -99.9% |
| 5-year return | -97.2% | -100.0% |
| Volatility (ann.) | 159.8% | 165.3% |
| Beta vs S&P 500 | 2.28 | 2.26 |
| Max drawdown (3Y) | -92.3% | -100.0% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PLCE | ZNB |
|---|---|---|
| 2022 | -54.1% | -95.4% |
| 2023 | -36.2% | -59.3% |
| 2024 | -55.0% | -93.6% |
| 2025 | -62.0% | -99.0% |
| 2026 | -38.4% | -99.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PLCE and ZNB good diversifiers for each other?
Reasonably. At 0.38, PLCE and ZNB keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between PLCE and ZNB?
As of 2026-08-27, the correlation of weekly returns between PLCE and ZNB is 0.38 over 3 years, 0.26 over 1 year and 0.34 over 5 years.
Is ZNB a good diversifier for PLCE?
Reasonably. At 0.38, PLCE and ZNB keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
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.
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Related comparisons
Hubs: PLCE correlations · ZNB correlations
