AHCO vs QNME: Correlation
Measured on weekly returns over the past three years, AdaptHealth Corp. (AHCO) and Quanome Technologies, Inc. (QNME) carry a correlation of -0.31, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AHCO and QNME?
Across a 3-year window, the weekly returns of AHCO and QNME correlate at -0.31, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.58) than the 3-year average (-0.31). Stretching to 5 years gives n/a, with an annualized covariance of -2122.8 %².
Among the 21 assets we track against AHCO, QNME sits near the bottom by co-movement, at rank #18. Their recent paths diverged sharply: over the last 12 months AHCO outperformed by 27.5 percentage points (-37.0% for AHCO against -64.5% for QNME). Risk is not evenly split, since QNME 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.
AHCO vs QNME: side by side
| AHCO (AdaptHealth Corp.) | QNME (Quanome Technologies, Inc.) | |
|---|---|---|
| 1-year return | -37.0% | -64.5% |
| 5-year return | -75.6% | n/a |
| Volatility (ann.) | 62.0% | 118.3% |
| Beta vs S&P 500 | 0.40 | 0.91 |
| Max drawdown (3Y) | -61.0% | -93.7% |
| Market cap | $0.8B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AHCO | QNME |
|---|---|---|
| 2022 | -21.4% | – |
| 2023 | -62.1% | – |
| 2024 | +30.6% | – |
| 2025 | +4.6% | -64.4% |
| 2026 | -41.8% | -65.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AHCO and QNME good diversifiers for each other?
Yes: at -0.31, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between AHCO and QNME?
The AHCO/QNME correlation stands at -0.31 on a 3-year window (1 year: -0.58, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is QNME a good diversifier for AHCO?
Yes: at -0.31, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.31 mean?
On the −1 to +1 scale, -0.31 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/ahco-vs-qnme.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ahco-vs-qnme/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AHCO correlations · QNME correlations
