PMVP vs PRAA: Correlation
Measured on weekly returns over the past three years, PMV Pharmaceuticals, Inc. (PMVP) and PRA Group, Inc. (PRAA) 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 PMVP and PRAA?
Over the past 3 years, PMVP and PRAA moved with a correlation of 0.44, which is moderate. The past 12 months show a tighter link (0.64) than the 3-year average (0.44). Over 5 years the correlation is 0.28, and the annualized covariance of weekly returns is 2363.9 %².
In PMVP's tracked universe of 14 assets, PRAA sits right near the top at #3. Their recent paths diverged sharply: over the last 12 months PRAA outperformed by 25.6 percentage points (-12.7% for PMVP against +12.9% for PRAA).
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.
PMVP vs PRAA: side by side
| PMVP (PMV Pharmaceuticals, Inc.) | PRAA (PRA Group, Inc.) | |
|---|---|---|
| 1-year return | -12.7% | +12.9% |
| 5-year return | -95.9% | -53.3% |
| Volatility (ann.) | 86.3% | 62.0% |
| Beta vs S&P 500 | 1.29 | 1.15 |
| Max drawdown (3Y) | -88.8% | -62.8% |
| Market cap | $0.1B | $0.7B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PMVP | PRAA |
|---|---|---|
| 2022 | -62.3% | -32.7% |
| 2023 | -64.4% | -22.4% |
| 2024 | -51.3% | -20.3% |
| 2025 | -17.2% | -15.3% |
| 2026 | -0.8% | +9.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PMVP and PRAA good diversifiers for each other?
Reasonably. At 0.44, PMVP and PRAA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between PMVP and PRAA?
Using weekly returns as of 2026-08-27: 0.44 over 3 years, with 0.64 over the last year and 0.28 over 5 years.
Is PRAA a good diversifier for PMVP?
Reasonably. At 0.44, PMVP and PRAA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.44 mean?
A reading of 0.44 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/pmvp-vs-praa.json
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[](https://www.pairbook.io/pair/pmvp-vs-praa/)
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Related comparisons
Hubs: PMVP correlations · PRAA correlations
