PPCB vs TRNS: Correlation
Measured on weekly returns over the past three years, Propanc Biopharma, Inc. (PPCB) and Transcat, Inc. (TRNS) 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 TRNS?
Across a 3-year window, the weekly returns of PPCB and TRNS 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 0.04 versus -0.26 over 3 years. Stretching to 5 years gives -0.22, with an annualized covariance of -12729100.1 %².
By 3-year correlation, TRNS places #34 of the 43 assets tracked against PPCB. The last year tells two different stories: TRNS led by 104.7 percentage points, -97.0% for PPCB against +7.7% for TRNS. Note the risk asymmetry: PPCB runs 19243.9 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 TRNS: side by side
| PPCB (Propanc Biopharma, Inc.) | TRNS (Transcat, Inc.) | |
|---|---|---|
| 1-year return | -97.0% | +7.7% |
| 5-year return | -99.9% | +35.0% |
| Volatility (ann.) | 962193.8% | 50.0% |
| Beta vs S&P 500 | -3746.20 | 1.03 |
| Max drawdown (3Y) | -99.8% | -63.9% |
| Market cap | – | $0.8B |
| P/E (trailing) | 0.0 | 249.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PPCB | TRNS |
|---|---|---|
| 2022 | -98.6% | -23.3% |
| 2023 | -98.0% | +54.3% |
| 2024 | -98.3% | -3.3% |
| 2025 | +134050.0% | -46.3% |
| 2026 | -83.4% | +58.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PPCB and TRNS good diversifiers for each other?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between PPCB and TRNS?
As of 2026-08-27, the correlation of weekly returns between PPCB and TRNS is -0.26 over 3 years, 0.04 over 1 year and -0.22 over 5 years.
Is TRNS a good diversifier for PPCB?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
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-trns.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ppcb-vs-trns/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: PPCB correlations · TRNS correlations
