PPC vs TSAT: Correlation
Pilgrim's Pride Corporation (PPC) and Telesat Corporation - Class A (TSAT) show a negative relationship: their 3-year correlation of weekly returns is -0.23.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PPC and TSAT?
Over the past 3 years, PPC and TSAT moved with a correlation of -0.23, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.24 lands near the 3-year figure. Over 5 years the correlation is -0.01, and the annualized covariance of weekly returns is -527.4 %².
By 3-year correlation, TSAT places #17 of the 23 assets tracked against PPC. The last year tells two different stories: TSAT led by 157.9 percentage points, -30.8% for PPC against +127.1% for TSAT. Risk is not evenly split, since TSAT carries 2.5 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.
PPC vs TSAT: side by side
| PPC (Pilgrim's Pride Corporation) | TSAT (Telesat Corporation - Class A) | |
|---|---|---|
| 1-year return | -30.8% | +127.1% |
| 5-year return | +32.4% | +10.3% |
| Volatility (ann.) | 30.3% | 76.7% |
| Beta vs S&P 500 | -0.17 | 1.43 |
| Max drawdown (3Y) | -49.2% | -64.5% |
| Market cap | $7.4B | $2.3B |
| P/E (trailing) | 13.6 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PPC | TSAT |
|---|---|---|
| 2022 | -15.9% | -73.8% |
| 2023 | +16.6% | +39.1% |
| 2024 | +64.1% | +57.6% |
| 2025 | +1.4% | +77.0% |
| 2026 | -20.2% | +57.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PPC and TSAT good diversifiers for each other?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
FAQ
What is the correlation between PPC and TSAT?
As of 2026-08-27, the correlation of weekly returns between PPC and TSAT is -0.23 over 3 years, -0.24 over 1 year and -0.01 over 5 years.
Is TSAT a good diversifier for PPC?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
What does a correlation of -0.23 mean?
A reading of -0.23 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/ppc-vs-tsat.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ppc-vs-tsat/)
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Related comparisons
Hubs: PPC correlations · TSAT correlations
