APWC vs QUCY: Correlation
Measured on weekly returns over the past three years, Asia Pacific Wire & Cable Corporation Limited (APWC) and Quantum Cyber N.V. (QUCY) carry a correlation of -0.24, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are APWC and QUCY?
Over the past 3 years, APWC and QUCY moved with a correlation of -0.24, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.01) than the 3-year average (-0.24). Over 5 years the correlation is -0.18, and the annualized covariance of weekly returns is -21761.0 %².
Among the 11 assets we track against APWC, QUCY sits near the bottom by co-movement, at rank #10. The trailing year gives QUCY the advantage: -22.1% versus -9.3%, a 12.8-point spread. Note the risk asymmetry: QUCY runs 37.7 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
APWC vs QUCY: side by side
| APWC (Asia Pacific Wire & Cable Corporation Limited) | QUCY (Quantum Cyber N.V.) | |
|---|---|---|
| 1-year return | -22.1% | -9.3% |
| 5-year return | -59.0% | -94.4% |
| Volatility (ann.) | 48.8% | 1840.9% |
| Beta vs S&P 500 | 0.50 | 3.76 |
| Max drawdown (3Y) | -42.4% | -95.9% |
| Market cap | $0.1B | $0.1B |
| P/E (trailing) | 5.0 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | APWC | QUCY |
|---|---|---|
| 2022 | -29.4% | -31.7% |
| 2023 | -13.2% | -83.7% |
| 2024 | +17.6% | +272.4% |
| 2025 | +26.5% | -74.1% |
| 2026 | -24.2% | +31.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are APWC and QUCY good diversifiers for each other?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
FAQ
What is the correlation between APWC and QUCY?
The APWC/QUCY correlation stands at -0.24 on a 3-year window (1 year: -0.01, 5 years: -0.18), computed from weekly returns as of 2026-08-27.
Is QUCY a good diversifier for APWC?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
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/apwc-vs-qucy.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/apwc-vs-qucy/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: APWC correlations · QUCY correlations
