AKAN vs QH: Correlation
Akanda Corp. (AKAN) and Quhuo Limited - Class A (QH) show a strong relationship: their 3-year correlation of weekly returns is 0.76.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AKAN and QH?
Over the past 3 years, AKAN and QH moved with a correlation of 0.76, which is strong. The relationship has been stable: the 1-year correlation (0.80) sits close to the 3-year figure. Over 5 years the correlation is 0.72, and the annualized covariance of weekly returns is 293824.1 %².
In AKAN's tracked universe of 26 assets, QH sits right near the top at #1. Correlation aside, the last 12 months split them widely, with QH ahead by 87.1 points (-95.2% versus -8.1%). Risk is not evenly split, since QH carries 4.8 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.
AKAN vs QH: side by side
| AKAN (Akanda Corp.) | QH (Quhuo Limited - Class A) | |
|---|---|---|
| 1-year return | -95.2% | -8.1% |
| 5-year return | -100.0% | -100.0% |
| Volatility (ann.) | 285.6% | 1360.1% |
| Beta vs S&P 500 | 2.86 | 5.77 |
| Max drawdown (3Y) | -99.9% | -100.0% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AKAN | QH |
|---|---|---|
| 2022 | – | -98.9% |
| 2023 | -70.5% | +22.5% |
| 2024 | -95.5% | -0.7% |
| 2025 | -90.9% | -99.2% |
| 2026 | -58.9% | +290.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AKAN and QH good diversifiers for each other?
Somewhat, no more. With 0.76 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between AKAN and QH?
Using weekly returns as of 2026-08-27: 0.76 over 3 years, with 0.80 over the last year and 0.72 over 5 years.
Is QH a good diversifier for AKAN?
Somewhat, no more. With 0.76 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.76 mean?
On the −1 to +1 scale, 0.76 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/akan-vs-qh.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/akan-vs-qh/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AKAN correlations · QH correlations
