AMPG vs QTTB: Correlation
How closely do Amplitech Group, Inc. (AMPG) and Q32 Bio Inc. (QTTB) trade together? Their weekly returns over three years give a correlation of -0.24, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMPG and QTTB?
Over the past 3 years, AMPG and QTTB moved with a correlation of -0.24, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.11 versus -0.24 over 3 years. Over 5 years the correlation is -0.18, and the annualized covariance of weekly returns is -5739.7 %².
Among the 15 assets we track against AMPG, QTTB sits near the bottom by co-movement, at rank #14. Correlation aside, the last 12 months split them widely, with QTTB ahead by 816.8 points (+22.2% versus +839.0%).
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.
AMPG vs QTTB: side by side
| AMPG (Amplitech Group, Inc.) | QTTB (Q32 Bio Inc.) | |
|---|---|---|
| 1-year return | +22.2% | +839.0% |
| 5-year return | -0.5% | -87.4% |
| Volatility (ann.) | 178.6% | 134.9% |
| Beta vs S&P 500 | 1.10 | 0.12 |
| Max drawdown (3Y) | -78.6% | -97.3% |
| Market cap | $0.1B | $0.5B |
| P/E (trailing) | – | 5.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AMPG | QTTB |
|---|---|---|
| 2022 | -46.2% | -65.4% |
| 2023 | -11.3% | -51.7% |
| 2024 | +173.4% | -68.6% |
| 2025 | -41.8% | -3.5% |
| 2026 | +25.1% | +386.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMPG and QTTB good diversifiers for each other?
Yes. With a correlation of -0.24, AMPG and QTTB have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between AMPG and QTTB?
Using weekly returns as of 2026-08-27: -0.24 over 3 years, with -0.11 over the last year and -0.18 over 5 years.
Is QTTB a good diversifier for AMPG?
Yes. With a correlation of -0.24, AMPG and QTTB have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.24 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/ampg-vs-qttb.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ampg-vs-qttb/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AMPG correlations · QTTB correlations
