AGRO vs QMCO: Correlation
Measured on weekly returns over the past three years, Adecoagro S.A. (AGRO) and Quantum Corporation (QMCO) carry a correlation of -0.20, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AGRO and QMCO?
On 3 years of weekly data the AGRO/QMCO correlation comes out at -0.20, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.30) sits close to the 3-year figure. The 5-year figure is -0.10, and annualized covariance runs at -1612.4 %².
Among the 36 assets we track against AGRO, QMCO ranks #20 by 3-year correlation. The last year tells two different stories: QMCO led by 193.3 percentage points, +28.1% for AGRO against +221.4% for QMCO. Risk is not evenly split, since QMCO carries 4.7 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.
AGRO vs QMCO: side by side
| AGRO (Adecoagro S.A.) | QMCO (Quantum Corporation) | |
|---|---|---|
| 1-year return | +28.1% | +221.4% |
| 5-year return | +29.1% | -80.7% |
| Volatility (ann.) | 41.7% | 196.4% |
| Beta vs S&P 500 | -0.27 | 2.45 |
| Max drawdown (3Y) | -41.3% | -93.9% |
| Market cap | $1.5B | $0.9B |
| P/E (trailing) | 28.9 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AGRO | QMCO |
|---|---|---|
| 2022 | +11.5% | -80.3% |
| 2023 | +38.6% | -67.9% |
| 2024 | -12.4% | +670.3% |
| 2025 | -14.3% | -88.0% |
| 2026 | +36.0% | +265.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AGRO and QMCO good diversifiers for each other?
Yes. With a correlation of -0.20, AGRO and QMCO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between AGRO and QMCO?
The AGRO/QMCO correlation stands at -0.20 on a 3-year window (1 year: -0.30, 5 years: -0.10), computed from weekly returns as of 2026-08-27.
Is QMCO a good diversifier for AGRO?
Yes. With a correlation of -0.20, AGRO and QMCO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.20 mean?
A reading of -0.20 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/agro-vs-qmco.json
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[](https://www.pairbook.io/pair/agro-vs-qmco/)
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Related comparisons
Hubs: AGRO correlations · QMCO correlations
