PNTG vs WBX: Correlation
How closely do The Pennant Group, Inc. (PNTG) and Wallbox N.V. Class A (WBX) trade together? Their weekly returns over three years give a correlation of -0.21, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PNTG and WBX?
On 3 years of weekly data the PNTG/WBX correlation comes out at -0.21, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.00 versus -0.21 over 3 years. The 5-year figure is -0.09, and annualized covariance runs at -6931.7 %².
Among the 15 assets we track against PNTG, WBX sits near the bottom by co-movement, at rank #13. The last year tells two different stories: PNTG led by 86.3 percentage points, +54.4% for PNTG against -31.9% for WBX. Risk is not evenly split, since WBX carries 28.4 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.
PNTG vs WBX: side by side
| PNTG (The Pennant Group, Inc.) | WBX (Wallbox N.V. Class A) | |
|---|---|---|
| 1-year return | +54.4% | -31.9% |
| 5-year return | +30.0% | -70.7% |
| Volatility (ann.) | 34.4% | 975.4% |
| Beta vs S&P 500 | 0.71 | 4.88 |
| Max drawdown (3Y) | -40.2% | -91.3% |
| Market cap | $1.3B | $0.1B |
| P/E (trailing) | 42.0 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PNTG | WBX |
|---|---|---|
| 2022 | -52.4% | -78.1% |
| 2023 | +26.8% | -51.1% |
| 2024 | +90.5% | -71.4% |
| 2025 | +6.1% | +367.1% |
| 2026 | +34.4% | +23.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PNTG and WBX good diversifiers for each other?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
FAQ
What is the correlation between PNTG and WBX?
The PNTG/WBX correlation stands at -0.21 on a 3-year window (1 year: -0.00, 5 years: -0.09), computed from weekly returns as of 2026-08-27.
Is WBX a good diversifier for PNTG?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
What does a correlation of -0.21 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/pntg-vs-wbx.json
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Related comparisons
Hubs: PNTG correlations · WBX correlations
