PTN vs SPMC: Correlation
How closely do Palatin Technologies, Inc. (PTN) and Sound Point Meridian Capital, Inc. (SPMC) trade together? Their weekly returns over three years give a correlation of -0.20, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PTN and SPMC?
On 3 years of weekly data the PTN/SPMC correlation comes out at -0.20, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.31) than the 3-year average (-0.20). The 5-year figure is n/a, and annualized covariance runs at -978.3 %².
Among the 12 assets we track against PTN, SPMC sits near the bottom by co-movement, at rank #10. Correlation aside, the last 12 months split them widely, with PTN ahead by 33.6 points (-1.0% versus -34.6%). Risk is not evenly split, since PTN carries 4.6 times the volatility of the other side.
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.
PTN vs SPMC: side by side
| PTN (Palatin Technologies, Inc.) | SPMC (Sound Point Meridian Capital, Inc.) | |
|---|---|---|
| 1-year return | -1.0% | -34.6% |
| 5-year return | -98.3% | n/a |
| Volatility (ann.) | 145.6% | 31.4% |
| Beta vs S&P 500 | 0.13 | 1.01 |
| Max drawdown (3Y) | -98.5% | -52.9% |
| Market cap | – | $0.2B |
| P/E (trailing) | 95.4 | – |
| Dividend yield | 0.00% | 30.91% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PTN | SPMC |
|---|---|---|
| 2022 | -79.9% | – |
| 2023 | +55.5% | – |
| 2024 | -72.1% | – |
| 2025 | -72.3% | -22.5% |
| 2026 | -31.8% | -20.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PTN and SPMC good diversifiers for each other?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
FAQ
What is the correlation between PTN and SPMC?
As of 2026-08-27, the correlation of weekly returns between PTN and SPMC is -0.20 over 3 years, -0.31 over 1 year and n/a over 5 years.
Is SPMC a good diversifier for PTN?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
What does a correlation of -0.20 mean?
On the −1 to +1 scale, -0.20 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/ptn-vs-spmc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ptn-vs-spmc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: PTN correlations · SPMC correlations
