BATL vs QNCX: Correlation
Measured on weekly returns over the past three years, Battalion Oil Corporation (BATL) and Quince Therapeutics, Inc. (QNCX) carry a correlation of -0.28, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BATL and QNCX?
Over the past 3 years, BATL and QNCX moved with a correlation of -0.28, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.46 versus -0.28 over 3 years. Over 5 years the correlation is -0.20, and the annualized covariance of weekly returns is -7865.2 %².
Within BATL's tracked universe of 44 assets, QNCX comes in at #39 by 3-year correlation. Correlation aside, the last 12 months split them widely, with BATL ahead by 102.3 points (+12.7% versus -89.6%). Risk is not evenly split, since BATL carries 2.3 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.
BATL vs QNCX: side by side
| BATL (Battalion Oil Corporation) | QNCX (Quince Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +12.7% | -89.6% |
| 5-year return | -87.1% | -99.8% |
| Volatility (ann.) | 252.0% | 111.4% |
| Beta vs S&P 500 | -0.19 | 0.55 |
| Max drawdown (3Y) | -95.8% | -98.2% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BATL | QNCX |
|---|---|---|
| 2022 | -0.9% | -95.0% |
| 2023 | -1.0% | +64.8% |
| 2024 | -82.1% | +78.1% |
| 2025 | -34.3% | +79.1% |
| 2026 | +17.7% | -95.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BATL and QNCX good diversifiers for each other?
Yes: at -0.28, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between BATL and QNCX?
Using weekly returns as of 2026-08-27: -0.28 over 3 years, with -0.46 over the last year and -0.20 over 5 years.
Is QNCX a good diversifier for BATL?
Yes: at -0.28, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.28 mean?
On the −1 to +1 scale, -0.28 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/batl-vs-qncx.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/batl-vs-qncx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BATL correlations · QNCX correlations
