ABM vs QRHC: Correlation
How closely do ABM Industries Incorporated (ABM) and Quest Resource Holding Corporation (QRHC) trade together? Their weekly returns over three years give a correlation of 0.39, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABM and QRHC?
On 3 years of weekly data the ABM/QRHC correlation comes out at 0.39, moderate. Little has changed lately, as the 1-year reading of 0.45 lands near the 3-year figure. The 5-year figure is 0.30, and annualized covariance runs at 608.0 %².
Within ABM's tracked universe of 12 assets, QRHC comes in at #7 by 3-year correlation. On 12-month performance ABM holds a 14.7-point edge, -2.5% against -17.2%. Risk is not evenly split, since QRHC carries 1.9 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.
ABM vs QRHC: side by side
| ABM (ABM Industries Incorporated) | QRHC (Quest Resource Holding Corporation) | |
|---|---|---|
| 1-year return | -2.5% | -17.2% |
| 5-year return | +6.5% | -78.2% |
| Volatility (ann.) | 28.9% | 54.2% |
| Beta vs S&P 500 | 0.79 | 1.21 |
| Max drawdown (3Y) | -34.4% | -91.9% |
| Market cap | $2.8B | – |
| P/E (trailing) | 18.4 | – |
| Dividend yield | 2.32% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ABM | QRHC |
|---|---|---|
| 2022 | +10.7% | -12.0% |
| 2023 | +3.0% | +20.0% |
| 2024 | +16.4% | -11.3% |
| 2025 | -15.5% | -71.4% |
| 2026 | +13.8% | -22.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABM and QRHC good diversifiers for each other?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ABM and QRHC?
As of 2026-08-27, the correlation of weekly returns between ABM and QRHC is 0.39 over 3 years, 0.45 over 1 year and 0.30 over 5 years.
Is QRHC a good diversifier for ABM?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.39 mean?
On the −1 to +1 scale, 0.39 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
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Related comparisons
Hubs: ABM correlations · QRHC correlations
