ARQ vs TBCH: Correlation
Arq, Inc. (ARQ) and Turtle Beach Corporation (TBCH) show a moderate relationship: their 3-year correlation of weekly returns is 0.50.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARQ and TBCH?
Across a 3-year window, the weekly returns of ARQ and TBCH correlate at 0.50, moderate. The past 12 months show a weaker link (0.19) than the 3-year average (0.50). Stretching to 5 years gives 0.30, with an annualized covariance of 2287.6 %².
Few assets follow ARQ as closely as TBCH, which ranks #3 of 15 tracked partners. Correlation aside, the last 12 months split them widely, with TBCH ahead by 54.5 points (-71.1% versus -16.6%).
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.
ARQ vs TBCH: side by side
| ARQ (Arq, Inc.) | TBCH (Turtle Beach Corporation) | |
|---|---|---|
| 1-year return | -71.1% | -16.6% |
| 5-year return | -67.7% | -55.7% |
| Volatility (ann.) | 78.9% | 57.8% |
| Beta vs S&P 500 | 1.85 | 2.21 |
| Max drawdown (3Y) | -79.6% | -51.8% |
| Market cap | $0.1B | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ARQ | TBCH |
|---|---|---|
| 2022 | -63.3% | -67.8% |
| 2023 | +22.6% | +52.7% |
| 2024 | +154.0% | +58.1% |
| 2025 | -56.8% | -18.9% |
| 2026 | -32.7% | -7.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARQ and TBCH good diversifiers for each other?
Only partially. A correlation of 0.50 means ARQ and TBCH share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between ARQ and TBCH?
Using weekly returns as of 2026-08-27: 0.50 over 3 years, with 0.19 over the last year and 0.30 over 5 years.
Is TBCH a good diversifier for ARQ?
Only partially. A correlation of 0.50 means ARQ and TBCH share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.50 mean?
A reading of 0.50 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/arq-vs-tbch.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/arq-vs-tbch/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ARQ correlations · TBCH correlations
