PTHS vs WNW: Correlation
Measured on weekly returns over the past three years, Pelthos Therapeutics Inc. (PTHS) and Meiwu Technology Company Limited (WNW) carry a correlation of -0.21, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PTHS and WNW?
Over the past 3 years, PTHS and WNW moved with a correlation of -0.21, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.14 versus -0.21 over 3 years. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -4088.3 %².
WNW is close to the least connected end of PTHS's tracked universe, ranking #12 of 14. Their recent paths diverged sharply: over the last 12 months PTHS outperformed by 103.5 percentage points (+5.4% for PTHS against -98.1% for WNW).
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.
PTHS vs WNW: side by side
| PTHS (Pelthos Therapeutics Inc.) | WNW (Meiwu Technology Company Limited) | |
|---|---|---|
| 1-year return | +5.4% | -98.1% |
| 5-year return | n/a | -100.0% |
| Volatility (ann.) | 125.0% | 167.8% |
| Beta vs S&P 500 | 1.67 | 1.36 |
| Max drawdown (3Y) | -88.7% | -100.0% |
| Market cap | $0.1B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PTHS | WNW |
|---|---|---|
| 2022 | – | -91.9% |
| 2023 | – | -49.4% |
| 2024 | – | -38.5% |
| 2025 | +383.6% | -96.7% |
| 2026 | -19.4% | -97.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PTHS and WNW good diversifiers for each other?
Yes. With a correlation of -0.21, PTHS and WNW have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between PTHS and WNW?
The PTHS/WNW correlation stands at -0.21 on a 3-year window (1 year: 0.14, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is WNW a good diversifier for PTHS?
Yes. With a correlation of -0.21, PTHS and WNW have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.21 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/pths-vs-wnw.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/pths-vs-wnw/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: PTHS correlations · WNW correlations
