PPCB vs TT: Correlation
Propanc Biopharma, Inc. (PPCB) and Trane Technologies (TT) show a negative relationship: their 3-year correlation of weekly returns is -0.21.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PPCB and TT?
Across a 3-year window, the weekly returns of PPCB and TT correlate at -0.21, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.03 versus -0.21 over 3 years. Stretching to 5 years gives -0.16, with an annualized covariance of -5650909.2 %².
Among the 43 assets we track against PPCB, TT ranks #16 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months TT outperformed by 104.8 percentage points (-97.0% for PPCB against +7.8% for TT). One caveat on sizing: PPCB is 34611.3 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 TT: side by side
| PPCB (Propanc Biopharma, Inc.) | TT (Trane Technologies) | |
|---|---|---|
| 1-year return | -97.0% | +7.8% |
| 5-year return | -99.9% | +141.4% |
| Volatility (ann.) | 962193.8% | 27.8% |
| Beta vs S&P 500 | -3746.20 | 1.19 |
| Max drawdown (3Y) | -99.8% | -24.4% |
| Market cap | – | $100.0B |
| P/E (trailing) | 0.0 | 33.8 |
| Dividend yield | 0.00% | 0.86% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | PPCB | TT |
|---|---|---|
| 2022 | -98.6% | -15.3% |
| 2023 | -98.0% | +47.4% |
| 2024 | -98.3% | +53.0% |
| 2025 | +134050.0% | +6.1% |
| 2026 | -83.4% | +17.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PPCB and TT good diversifiers for each other?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
FAQ
What is the correlation between PPCB and TT?
Using weekly returns as of 2026-08-27: -0.21 over 3 years, with 0.03 over the last year and -0.16 over 5 years.
Is TT a good diversifier for PPCB?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
What does a correlation of -0.21 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-tt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ppcb-vs-tt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: PPCB correlations · TT correlations
