PTC vs TBN: Correlation
How closely do PTC Inc. (PTC) and Tamboran Resources Corporation (TBN) trade together? Their weekly returns over three years give a correlation of -0.25, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PTC and TBN?
Over the past 3 years, PTC and TBN moved with a correlation of -0.25, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.27 lands near the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -411.4 %².
Among the 32 assets we track against PTC, TBN sits near the bottom by co-movement, at rank #28. Correlation aside, the last 12 months split them widely, with TBN ahead by 113.3 points (-26.6% versus +86.7%). Note the risk asymmetry: TBN runs 1.8 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.
PTC vs TBN: side by side
| PTC (PTC Inc.) | TBN (Tamboran Resources Corporation) | |
|---|---|---|
| 1-year return | -26.6% | +86.7% |
| 5-year return | +20.0% | n/a |
| Volatility (ann.) | 28.8% | 52.6% |
| Beta vs S&P 500 | 1.02 | -0.08 |
| Max drawdown (3Y) | -48.1% | -38.6% |
| Market cap | $17.2B | $1.3B |
| P/E (trailing) | 14.7 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | PTC | TBN |
|---|---|---|
| 2022 | -0.9% | – |
| 2023 | +45.8% | – |
| 2024 | +5.1% | – |
| 2025 | -5.3% | +29.7% |
| 2026 | -8.8% | +38.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PTC and TBN good diversifiers for each other?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
FAQ
What is the correlation between PTC and TBN?
The PTC/TBN correlation stands at -0.25 on a 3-year window (1 year: -0.27, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is TBN a good diversifier for PTC?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
What does a correlation of -0.25 mean?
A reading of -0.25 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: PTC correlations · TBN correlations
