PPCB vs PWR: Correlation
How closely do Propanc Biopharma, Inc. (PPCB) and Quanta Services (PWR) trade together? Their weekly returns over three years give a correlation of -0.26, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PPCB and PWR?
Across a 3-year window, the weekly returns of PPCB and PWR 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 -0.10 versus -0.26 over 3 years. Stretching to 5 years gives -0.21, with an annualized covariance of -8322100.0 %².
Among the 43 assets we track against PPCB, PWR ranks #32 by 3-year correlation. Correlation aside, the last 12 months split them widely, with PWR ahead by 160.1 points (-97.0% versus +63.1%). Note the risk asymmetry: PPCB runs 28383.3 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.
PPCB vs PWR: side by side
| PPCB (Propanc Biopharma, Inc.) | PWR (Quanta Services) | |
|---|---|---|
| 1-year return | -97.0% | +63.1% |
| 5-year return | -99.9% | +506.1% |
| Volatility (ann.) | 962193.8% | 33.9% |
| Beta vs S&P 500 | -3746.20 | 1.29 |
| Max drawdown (3Y) | -99.8% | -33.9% |
| Market cap | – | $93.5B |
| P/E (trailing) | 0.0 | 70.4 |
| Dividend yield | 0.00% | 0.07% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | PPCB | PWR |
|---|---|---|
| 2022 | -98.6% | +24.6% |
| 2023 | -98.0% | +51.7% |
| 2024 | -98.3% | +46.6% |
| 2025 | +134050.0% | +33.7% |
| 2026 | -83.4% | +47.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PPCB and PWR good diversifiers for each other?
Yes. With a correlation of -0.26, PPCB and PWR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between PPCB and PWR?
The PPCB/PWR correlation stands at -0.26 on a 3-year window (1 year: -0.10, 5 years: -0.21), computed from weekly returns as of 2026-08-27.
Is PWR a good diversifier for PPCB?
Yes. With a correlation of -0.26, PPCB and PWR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.26 mean?
A reading of -0.26 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/ppcb-vs-pwr.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ppcb-vs-pwr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: PPCB correlations · PWR correlations
