ATMU vs QH: Correlation
How closely do Atmus Filtration Technologies Inc. (ATMU) and Quhuo Limited - Class A (QH) trade together? Their weekly returns over three years give a correlation of -0.27, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ATMU and QH?
Over the past 3 years, ATMU and QH moved with a correlation of -0.27, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.49) than the 3-year average (-0.27). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -11750.2 %².
QH is close to the least connected end of ATMU's tracked universe, ranking #10 of 12. Their recent paths diverged sharply: over the last 12 months ATMU outperformed by 18.0 percentage points (+9.9% for ATMU against -8.1% for QH). Note the risk asymmetry: QH runs 42.0 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.
ATMU vs QH: side by side
| ATMU (Atmus Filtration Technologies Inc.) | QH (Quhuo Limited - Class A) | |
|---|---|---|
| 1-year return | +9.9% | -8.1% |
| 5-year return | n/a | -100.0% |
| Volatility (ann.) | 32.4% | 1360.1% |
| Beta vs S&P 500 | 1.02 | 5.77 |
| Max drawdown (3Y) | -30.2% | -100.0% |
| Market cap | $4.0B | – |
| P/E (trailing) | 19.0 | – |
| Dividend yield | 0.45% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ATMU | QH |
|---|---|---|
| 2022 | – | -98.9% |
| 2023 | – | +22.5% |
| 2024 | +67.3% | -0.7% |
| 2025 | +33.2% | -99.2% |
| 2026 | -5.8% | +290.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ATMU and QH good diversifiers for each other?
By historical standards, yes. A correlation of -0.27 means the two rarely move for the same reasons.
FAQ
What is the correlation between ATMU and QH?
The ATMU/QH correlation stands at -0.27 on a 3-year window (1 year: -0.49, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is QH a good diversifier for ATMU?
By historical standards, yes. A correlation of -0.27 means the two rarely move for the same reasons.
What does a correlation of -0.27 mean?
A reading of -0.27 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/atmu-vs-qh.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/atmu-vs-qh/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ATMU correlations · QH correlations
