ALGS vs QUBT: Correlation
How closely do Aligos Therapeutics, Inc. (ALGS) and Quantum Computing Inc. (QUBT) trade together? Their weekly returns over three years give a correlation of 0.41, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALGS and QUBT?
Across a 3-year window, the weekly returns of ALGS and QUBT correlate at 0.41, moderate. The past 12 months show a weaker link (0.03) than the 3-year average (0.41). Stretching to 5 years gives 0.39, with an annualized covariance of 7607.6 %².
By 3-year correlation, QUBT places #4 of the 11 assets tracked against ALGS. Twelve-month performance is nearly a tie, at -37.6% for ALGS and -41.6% for QUBT.
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.
ALGS vs QUBT: side by side
| ALGS (Aligos Therapeutics, Inc.) | QUBT (Quantum Computing Inc.) | |
|---|---|---|
| 1-year return | -37.6% | -41.6% |
| 5-year return | -98.3% | +13.8% |
| Volatility (ann.) | 114.1% | 160.7% |
| Beta vs S&P 500 | 1.68 | 2.31 |
| Max drawdown (3Y) | -91.3% | -82.4% |
| Market cap | – | $2.0B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ALGS | QUBT |
|---|---|---|
| 2022 | -92.0% | -55.7% |
| 2023 | -30.3% | -39.5% |
| 2024 | +140.0% | +1712.7% |
| 2025 | -76.6% | -38.0% |
| 2026 | -24.1% | -15.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALGS and QUBT good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ALGS and QUBT?
As of 2026-08-27, the correlation of weekly returns between ALGS and QUBT is 0.41 over 3 years, 0.03 over 1 year and 0.39 over 5 years.
Is QUBT a good diversifier for ALGS?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.41 mean?
On the −1 to +1 scale, 0.41 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/algs-vs-qubt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/algs-vs-qubt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ALGS correlations · QUBT correlations
