ANRO vs BQ: Correlation
Measured on weekly returns over the past three years, Alto Neuroscience, Inc. (ANRO) and Boqii Holding Limited Class A (BQ) carry a correlation of 0.40, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ANRO and BQ?
Over the past 3 years, ANRO and BQ moved with a correlation of 0.40, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.55 versus 0.40 over 3 years. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 13367.1 %².
Few assets follow ANRO as closely as BQ, which ranks #3 of 16 tracked partners. Correlation aside, the last 12 months split them widely, with ANRO ahead by 848.0 points (+781.1% versus -66.9%). Risk is not evenly split, since BQ carries 2.4 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.
ANRO vs BQ: side by side
| ANRO (Alto Neuroscience, Inc.) | BQ (Boqii Holding Limited Class A) | |
|---|---|---|
| 1-year return | +781.1% | -66.9% |
| 5-year return | n/a | -99.8% |
| Volatility (ann.) | 113.2% | 275.5% |
| Beta vs S&P 500 | 1.90 | 1.87 |
| Max drawdown (3Y) | -91.7% | -98.2% |
| Market cap | $1.4B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ANRO | BQ |
|---|---|---|
| 2022 | – | -77.1% |
| 2023 | – | -88.5% |
| 2024 | – | -22.1% |
| 2025 | +320.8% | -43.6% |
| 2026 | +103.9% | -54.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ANRO and BQ good diversifiers for each other?
Reasonably. At 0.40, ANRO and BQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ANRO and BQ?
Using weekly returns as of 2026-08-27: 0.40 over 3 years, with 0.55 over the last year and n/a over 5 years.
Is BQ a good diversifier for ANRO?
Reasonably. At 0.40, ANRO and BQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.40 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.
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Related comparisons
Hubs: ANRO correlations · BQ correlations
