PPCB vs SGLY: Correlation
How closely do Propanc Biopharma, Inc. (PPCB) and Singularity Future Technology Ltd. (SGLY) trade together? Their weekly returns over three years give a correlation of -0.23, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PPCB and SGLY?
On 3 years of weekly data the PPCB/SGLY correlation comes out at -0.23, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.16 over 1 year against -0.23 over 3. The 5-year figure is -0.20, and annualized covariance runs at -32164079.4 %².
Within PPCB's tracked universe of 43 assets, SGLY comes in at #21 by 3-year correlation. On 12-month performance SGLY holds a 10.1-point edge, -97.0% against -86.9%. One caveat on sizing: PPCB is 6558.9 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 SGLY: side by side
| PPCB (Propanc Biopharma, Inc.) | SGLY (Singularity Future Technology Ltd.) | |
|---|---|---|
| 1-year return | -97.0% | -86.9% |
| 5-year return | -99.9% | -99.5% |
| Volatility (ann.) | 962193.8% | 146.7% |
| Beta vs S&P 500 | -3746.20 | 1.68 |
| Max drawdown (3Y) | -99.8% | -98.0% |
| Market cap | – | – |
| P/E (trailing) | 0.0 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PPCB | SGLY |
|---|---|---|
| 2022 | -98.6% | -91.2% |
| 2023 | -98.0% | +28.6% |
| 2024 | -98.3% | -70.0% |
| 2025 | +134050.0% | -60.5% |
| 2026 | -83.4% | -77.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PPCB and SGLY good diversifiers for each other?
Yes. With a correlation of -0.23, PPCB and SGLY have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between PPCB and SGLY?
As of 2026-08-27, the correlation of weekly returns between PPCB and SGLY is -0.23 over 3 years, -0.16 over 1 year and -0.20 over 5 years.
Is SGLY a good diversifier for PPCB?
Yes. With a correlation of -0.23, PPCB and SGLY have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
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/ppcb-vs-sgly.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ppcb-vs-sgly/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: PPCB correlations · SGLY correlations
