PPCB vs UPS: Correlation
Measured on weekly returns over the past three years, Propanc Biopharma, Inc. (PPCB) and United Parcel Service (UPS) carry a correlation of -0.28, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PPCB and UPS?
Across a 3-year window, the weekly returns of PPCB and UPS correlate at -0.28, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.21) than the 3-year average (-0.28). Stretching to 5 years gives -0.22, with an annualized covariance of -7845225.6 %².
Among the 43 assets we track against PPCB, UPS ranks #36 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months UPS outperformed by 125.2 percentage points (-97.0% for PPCB against +28.2% for UPS). One caveat on sizing: PPCB is 32727.7 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 UPS: side by side
| PPCB (Propanc Biopharma, Inc.) | UPS (United Parcel Service) | |
|---|---|---|
| 1-year return | -97.0% | +28.2% |
| 5-year return | -99.9% | -31.0% |
| Volatility (ann.) | 962193.8% | 29.4% |
| Beta vs S&P 500 | -3746.20 | 0.81 |
| Max drawdown (3Y) | -99.8% | -46.5% |
| Market cap | – | $89.9B |
| P/E (trailing) | 0.0 | 19.6 |
| Dividend yield | 0.00% | 6.21% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | PPCB | UPS |
|---|---|---|
| 2022 | -98.6% | -16.2% |
| 2023 | -98.0% | -6.0% |
| 2024 | -98.3% | -15.9% |
| 2025 | +134050.0% | -15.9% |
| 2026 | -83.4% | +11.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PPCB and UPS good diversifiers for each other?
By historical standards, yes. A correlation of -0.28 means the two rarely move for the same reasons.
FAQ
What is the correlation between PPCB and UPS?
Using weekly returns as of 2026-08-27: -0.28 over 3 years, with 0.21 over the last year and -0.22 over 5 years.
Is UPS a good diversifier for PPCB?
By historical standards, yes. A correlation of -0.28 means the two rarely move for the same reasons.
What does a correlation of -0.28 mean?
A reading of -0.28 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: PPCB correlations · UPS correlations
