APGE vs QTI: Correlation
Measured on weekly returns over the past three years, Apogee Therapeutics, Inc. (APGE) and QT Imaging Holdings, Inc. (QTI) carry a correlation of -0.22, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are APGE and QTI?
On 3 years of weekly data the APGE/QTI correlation comes out at -0.22, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.01 versus -0.22 over 3 years. The 5-year figure is n/a, and annualized covariance runs at -1955.6 %².
QTI is close to the least connected end of APGE's tracked universe, ranking #12 of 14. The last year tells two different stories: APGE led by 348.7 percentage points, +257.1% for APGE against -91.6% for QTI.
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.
APGE vs QTI: side by side
| APGE (Apogee Therapeutics, Inc.) | QTI (QT Imaging Holdings, Inc.) | |
|---|---|---|
| 1-year return | +257.1% | -91.6% |
| 5-year return | n/a | -97.9% |
| Volatility (ann.) | 82.6% | 108.2% |
| Beta vs S&P 500 | 1.06 | 0.12 |
| Max drawdown (3Y) | -58.8% | -98.6% |
| Market cap | $10.2B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | APGE | QTI |
|---|---|---|
| 2022 | – | +3.1% |
| 2023 | – | +7.7% |
| 2024 | +62.1% | -95.6% |
| 2025 | +66.6% | -16.7% |
| 2026 | +78.8% | -48.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are APGE and QTI good diversifiers for each other?
Yes. With a correlation of -0.22, APGE and QTI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between APGE and QTI?
The APGE/QTI correlation stands at -0.22 on a 3-year window (1 year: 0.01, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is QTI a good diversifier for APGE?
Yes. With a correlation of -0.22, APGE and QTI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.22 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/apge-vs-qti.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/apge-vs-qti/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: APGE correlations · QTI correlations
