PRCT vs ZBRA: Correlation
How closely do PROCEPT BioRobotics Corporation (PRCT) and Zebra Technologies (ZBRA) trade together? Their weekly returns over three years give a correlation of 0.43, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PRCT and ZBRA?
Over the past 3 years, PRCT and ZBRA moved with a correlation of 0.43, which is moderate. The relationship has been stable: the 1-year correlation (0.42) sits close to the 3-year figure. Over 5 years the correlation is 0.39, and the annualized covariance of weekly returns is 975.7 %².
In PRCT's tracked universe of 11 assets, ZBRA sits right near the top at #3. The last year tells two different stories: ZBRA led by 61.8 percentage points, -49.5% for PRCT against +12.3% for ZBRA.
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 ZBRA: side by side
| PRCT (PROCEPT BioRobotics Corporation) | ZBRA (Zebra Technologies) | |
|---|---|---|
| 1-year return | -49.5% | +12.3% |
| 5-year return | -50.9% | -38.2% |
| Volatility (ann.) | 55.9% | 40.8% |
| Beta vs S&P 500 | 1.08 | 1.54 |
| Max drawdown (3Y) | -83.2% | -52.7% |
| Market cap | $1.2B | $17.1B |
| P/E (trailing) | – | 33.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | PRCT | ZBRA |
|---|---|---|
| 2022 | +66.1% | -56.9% |
| 2023 | +0.9% | +6.6% |
| 2024 | +92.1% | +41.3% |
| 2025 | -60.9% | -37.1% |
| 2026 | -34.5% | +48.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PRCT and ZBRA good diversifiers for each other?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between PRCT and ZBRA?
The PRCT/ZBRA correlation stands at 0.43 on a 3-year window (1 year: 0.42, 5 years: 0.39), computed from weekly returns as of 2026-08-27.
Is ZBRA a good diversifier for PRCT?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.43 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/prct-vs-zbra.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/prct-vs-zbra/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: PRCT correlations · ZBRA correlations
