PPCB vs RNR: Correlation
Measured on weekly returns over the past three years, Propanc Biopharma, Inc. (PPCB) and RenaissanceRe Holdings Ltd. (RNR) carry a correlation of -0.26, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PPCB and RNR?
Over the past 3 years, PPCB and RNR moved with a correlation of -0.26, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.19) runs above the 3-year figure (-0.26). Over 5 years the correlation is -0.17, and the annualized covariance of weekly returns is -5348374.7 %².
By 3-year correlation, RNR places #33 of the 43 assets tracked against PPCB. Their recent paths diverged sharply: over the last 12 months RNR outperformed by 132.8 percentage points (-97.0% for PPCB against +35.8% for RNR). Note the risk asymmetry: PPCB runs 45601.6 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 RNR: side by side
| PPCB (Propanc Biopharma, Inc.) | RNR (RenaissanceRe Holdings Ltd.) | |
|---|---|---|
| 1-year return | -97.0% | +35.8% |
| 5-year return | -99.9% | +120.0% |
| Volatility (ann.) | 962193.8% | 21.1% |
| Beta vs S&P 500 | -3746.20 | 0.09 |
| Max drawdown (3Y) | -99.8% | -23.1% |
| Market cap | – | $13.7B |
| P/E (trailing) | 0.0 | 5.7 |
| Dividend yield | 0.00% | 0.49% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PPCB | RNR |
|---|---|---|
| 2022 | -98.6% | +9.9% |
| 2023 | -98.0% | +7.2% |
| 2024 | -98.3% | +27.8% |
| 2025 | +134050.0% | +13.6% |
| 2026 | -83.4% | +17.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PPCB and RNR good diversifiers for each other?
Yes. With a correlation of -0.26, PPCB and RNR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between PPCB and RNR?
As of 2026-08-27, the correlation of weekly returns between PPCB and RNR is -0.26 over 3 years, 0.19 over 1 year and -0.17 over 5 years.
Is RNR a good diversifier for PPCB?
Yes. With a correlation of -0.26, PPCB and RNR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.26 mean?
On the −1 to +1 scale, -0.26 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ppcb-vs-rnr.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ppcb-vs-rnr/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: PPCB correlations · RNR correlations
