PPC vs STX: Correlation
Measured on weekly returns over the past three years, Pilgrim's Pride Corporation (PPC) and Seagate Technology (STX) carry a correlation of -0.23, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PPC and STX?
On 3 years of weekly data the PPC/STX correlation comes out at -0.23, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.35) than the 3-year average (-0.23). The 5-year figure is -0.06, and annualized covariance runs at -350.8 %².
Within PPC's tracked universe of 23 assets, STX comes in at #16 by 3-year correlation. The last year tells two different stories: STX led by 441.6 percentage points, -30.8% for PPC against +410.8% for STX. Note the risk asymmetry: STX runs 1.7 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
PPC vs STX: side by side
| PPC (Pilgrim's Pride Corporation) | STX (Seagate Technology) | |
|---|---|---|
| 1-year return | -30.8% | +410.8% |
| 5-year return | +32.4% | +1032.5% |
| Volatility (ann.) | 30.3% | 51.3% |
| Beta vs S&P 500 | -0.17 | 1.97 |
| Max drawdown (3Y) | -49.2% | -40.0% |
| Market cap | $7.4B | $192.0B |
| P/E (trailing) | 13.6 | 61.0 |
| Dividend yield | 0.00% | 0.35% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | PPC | STX |
|---|---|---|
| 2022 | -15.9% | -51.4% |
| 2023 | +16.6% | +69.1% |
| 2024 | +64.1% | +4.1% |
| 2025 | +1.4% | +225.3% |
| 2026 | -20.2% | +208.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PPC and STX good diversifiers for each other?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between PPC and STX?
As of 2026-08-27, the correlation of weekly returns between PPC and STX is -0.23 over 3 years, -0.35 over 1 year and -0.06 over 5 years.
Is STX a good diversifier for PPC?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.23 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/ppc-vs-stx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ppc-vs-stx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: PPC correlations · STX correlations
