AENT vs IQST: Correlation
Alliance Entertainment Holding Corporation (AENT) and iQSTEL Inc. (IQST) show a moderate relationship: their 3-year correlation of weekly returns is 0.30.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AENT and IQST?
Across a 3-year window, the weekly returns of AENT and IQST correlate at 0.30, moderate. The past 12 months show a weaker link (-0.11) than the 3-year average (0.30). Stretching to 5 years gives 0.16, with an annualized covariance of 2342.7 %².
Among the 12 assets we track against AENT, IQST ranks #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with AENT ahead by 89.1 points (+4.0% versus -85.1%).
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.
AENT vs IQST: side by side
| AENT (Alliance Entertainment Holding Corporation) | IQST (iQSTEL Inc.) | |
|---|---|---|
| 1-year return | +4.0% | -85.1% |
| 5-year return | -43.4% | -98.1% |
| Volatility (ann.) | 94.6% | 81.9% |
| Beta vs S&P 500 | 1.21 | 1.03 |
| Max drawdown (3Y) | -78.2% | -97.1% |
| Market cap | $0.3B | – |
| P/E (trailing) | 11.9 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AENT | IQST |
|---|---|---|
| 2022 | +4.0% | -80.1% |
| 2023 | -90.9% | -18.9% |
| 2024 | +876.3% | +100.0% |
| 2025 | -10.8% | -87.7% |
| 2026 | -32.2% | -67.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AENT and IQST good diversifiers for each other?
A fair diversifier. At 0.30, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between AENT and IQST?
Using weekly returns as of 2026-08-27: 0.30 over 3 years, with -0.11 over the last year and 0.16 over 5 years.
Is IQST a good diversifier for AENT?
A fair diversifier. At 0.30, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.30 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/aent-vs-iqst.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/aent-vs-iqst/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AENT correlations · IQST correlations
