PLX vs WBUY: Correlation
Protalix BioTherapeutics, Inc. (DE) (PLX) and WEBUY GLOBAL LTD. - Class A (WBUY) show a negative relationship: their 3-year correlation of weekly returns is -0.26.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PLX and WBUY?
Across a 3-year window, the weekly returns of PLX and WBUY correlate at -0.26, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.26 versus -0.26 over 3 years. Stretching to 5 years gives n/a, with an annualized covariance of -3363.2 %².
WBUY is close to the least connected end of PLX's tracked universe, ranking #9 of 10. Their recent paths diverged sharply: over the last 12 months PLX outperformed by 135.7 percentage points (+63.1% for PLX against -72.6% for WBUY). Risk is not evenly split, since WBUY carries 3.0 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.
PLX vs WBUY: side by side
| PLX (Protalix BioTherapeutics, Inc. (DE)) | WBUY (WEBUY GLOBAL LTD. - Class A) | |
|---|---|---|
| 1-year return | +63.1% | -72.6% |
| 5-year return | +66.2% | n/a |
| Volatility (ann.) | 65.1% | 193.8% |
| Beta vs S&P 500 | 0.87 | 1.81 |
| Max drawdown (3Y) | -56.0% | -99.9% |
| Market cap | $0.2B | – |
| P/E (trailing) | 11.3 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PLX | WBUY |
|---|---|---|
| 2022 | +65.1% | – |
| 2023 | +29.9% | – |
| 2024 | +5.6% | -66.1% |
| 2025 | -4.3% | -93.7% |
| 2026 | +45.0% | -33.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PLX and WBUY good diversifiers for each other?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
FAQ
What is the correlation between PLX and WBUY?
The PLX/WBUY correlation stands at -0.26 on a 3-year window (1 year: 0.26, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is WBUY a good diversifier for PLX?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
What does a correlation of -0.26 mean?
On the −1 to +1 scale, -0.26 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/plx-vs-wbuy.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/plx-vs-wbuy/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: PLX correlations · WBUY correlations
