PRCT vs STGW: Correlation
How closely do PROCEPT BioRobotics Corporation (PRCT) and Stagwell Inc. (STGW) trade together? Their weekly returns over three years give a correlation of 0.41, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PRCT and STGW?
Across a 3-year window, the weekly returns of PRCT and STGW correlate at 0.41, moderate. The past 12 months show a weaker link (0.30) than the 3-year average (0.41). Stretching to 5 years gives 0.40, with an annualized covariance of 1136.3 %².
Within PRCT's tracked universe of 11 assets, STGW comes in at #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with STGW ahead by 108.6 points (-49.5% versus +59.1%).
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.
PRCT vs STGW: side by side
| PRCT (PROCEPT BioRobotics Corporation) | STGW (Stagwell Inc.) | |
|---|---|---|
| 1-year return | -49.5% | +59.1% |
| 5-year return | -50.9% | +30.4% |
| Volatility (ann.) | 55.9% | 49.1% |
| Beta vs S&P 500 | 1.08 | 1.28 |
| Max drawdown (3Y) | -83.2% | -48.6% |
| Market cap | $1.2B | $2.2B |
| P/E (trailing) | – | 148.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PRCT | STGW |
|---|---|---|
| 2022 | +66.1% | -28.4% |
| 2023 | +0.9% | +6.8% |
| 2024 | +92.1% | -0.8% |
| 2025 | -60.9% | -25.7% |
| 2026 | -34.5% | +81.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PRCT and STGW good diversifiers for each other?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between PRCT and STGW?
As of 2026-08-27, the correlation of weekly returns between PRCT and STGW is 0.41 over 3 years, 0.30 over 1 year and 0.40 over 5 years.
Is STGW a good diversifier for PRCT?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.41 mean?
On the −1 to +1 scale, 0.41 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/prct-vs-stgw.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/prct-vs-stgw/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: PRCT correlations · STGW correlations
