PPCB vs TAC: Correlation
Propanc Biopharma, Inc. (PPCB) and TransAlta Corporation (TAC) show a negative relationship: their 3-year correlation of weekly returns is -0.24.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PPCB and TAC?
Over the past 3 years, PPCB and TAC moved with a correlation of -0.24, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.21) than the 3-year average (-0.24). Over 5 years the correlation is -0.21, and the annualized covariance of weekly returns is -8440905.3 %².
Within PPCB's tracked universe of 43 assets, TAC comes in at #24 by 3-year correlation. The last year tells two different stories: TAC led by 101.3 percentage points, -97.0% for PPCB against +4.3% for TAC. Risk is not evenly split, since PPCB carries 26579.9 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.
PPCB vs TAC: side by side
| PPCB (Propanc Biopharma, Inc.) | TAC (TransAlta Corporation) | |
|---|---|---|
| 1-year return | -97.0% | +4.3% |
| 5-year return | -99.9% | +36.9% |
| Volatility (ann.) | 962193.8% | 36.2% |
| Beta vs S&P 500 | -3746.20 | 0.84 |
| Max drawdown (3Y) | -99.8% | -43.3% |
| Market cap | – | $4.0B |
| P/E (trailing) | 0.0 | – |
| Dividend yield | 0.00% | 2.10% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PPCB | TAC |
|---|---|---|
| 2022 | -98.6% | -18.0% |
| 2023 | -98.0% | -5.6% |
| 2024 | -98.3% | +74.0% |
| 2025 | +134050.0% | -9.5% |
| 2026 | -83.4% | -0.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PPCB and TAC good diversifiers for each other?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
FAQ
What is the correlation between PPCB and TAC?
Using weekly returns as of 2026-08-27: -0.24 over 3 years, with 0.21 over the last year and -0.21 over 5 years.
Is TAC a good diversifier for PPCB?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
What does a correlation of -0.24 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/ppcb-vs-tac.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ppcb-vs-tac/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: PPCB correlations · TAC correlations
