TPC vs WBUY: Correlation
Measured on weekly returns over the past three years, Tutor Perini Corporation (TPC) and WEBUY GLOBAL LTD. - Class A (WBUY) carry a correlation of 0.43, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TPC and WBUY?
On 3 years of weekly data the TPC/WBUY correlation comes out at 0.43, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.22 versus 0.43 over 3 years. The 5-year figure is n/a, and annualized covariance runs at 5194.5 %².
By 3-year correlation, WBUY places #6 of the 13 assets tracked against TPC. Their recent paths diverged sharply: over the last 12 months TPC outperformed by 129.5 percentage points (+56.9% for TPC against -72.6% for WBUY). One caveat on sizing: WBUY is 3.1 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
TPC vs WBUY: side by side
| TPC (Tutor Perini Corporation) | WBUY (WEBUY GLOBAL LTD. - Class A) | |
|---|---|---|
| 1-year return | +56.9% | -72.6% |
| 5-year return | +541.7% | n/a |
| Volatility (ann.) | 62.0% | 193.8% |
| Beta vs S&P 500 | 1.63 | 1.81 |
| Max drawdown (3Y) | -40.9% | -99.9% |
| Market cap | $4.8B | – |
| P/E (trailing) | 39.6 | – |
| Dividend yield | 0.20% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | TPC | WBUY |
|---|---|---|
| 2022 | -39.0% | – |
| 2023 | +20.5% | – |
| 2024 | +165.9% | -66.1% |
| 2025 | +177.2% | -93.7% |
| 2026 | +37.6% | -33.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TPC and WBUY good diversifiers for each other?
Reasonably. At 0.43, TPC and WBUY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between TPC and WBUY?
As of 2026-08-27, the correlation of weekly returns between TPC and WBUY is 0.43 over 3 years, 0.22 over 1 year and n/a over 5 years.
Is WBUY a good diversifier for TPC?
Reasonably. At 0.43, TPC and WBUY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.43 mean?
A reading of 0.43 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/tpc-vs-wbuy.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/tpc-vs-wbuy/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: TPC correlations · WBUY correlations
