PPCB vs USIO: Correlation
How closely do Propanc Biopharma, Inc. (PPCB) and Usio, Inc. (USIO) 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 USIO?
On 3 years of weekly data the PPCB/USIO correlation comes out at -0.23, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.20 versus -0.23 over 3 years. The 5-year figure is -0.17, and annualized covariance runs at -12988464.0 %².
By 3-year correlation, USIO places #22 of the 43 assets tracked against PPCB. Correlation aside, the last 12 months split them widely, with USIO ahead by 180.1 points (-97.0% versus +83.1%). Note the risk asymmetry: PPCB runs 16336.1 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 USIO: side by side
| PPCB (Propanc Biopharma, Inc.) | USIO (Usio, Inc.) | |
|---|---|---|
| 1-year return | -97.0% | +83.1% |
| 5-year return | -99.9% | -54.6% |
| Volatility (ann.) | 962193.8% | 58.9% |
| Beta vs S&P 500 | -3746.20 | 0.35 |
| Max drawdown (3Y) | -99.8% | -59.5% |
| Market cap | – | $0.1B |
| P/E (trailing) | 0.0 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PPCB | USIO |
|---|---|---|
| 2022 | -98.6% | -62.2% |
| 2023 | -98.0% | +4.2% |
| 2024 | -98.3% | -15.1% |
| 2025 | +134050.0% | -6.8% |
| 2026 | -83.4% | +99.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PPCB and USIO good diversifiers for each other?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
FAQ
What is the correlation between PPCB and USIO?
Using weekly returns as of 2026-08-27: -0.23 over 3 years, with 0.20 over the last year and -0.17 over 5 years.
Is USIO a good diversifier for PPCB?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
What does a correlation of -0.23 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
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Related comparisons
Hubs: PPCB correlations · USIO correlations
