BQ vs PALI: Correlation
Boqii Holding Limited Class A (BQ) and Palisade Bio, Inc. (PALI) show a moderate relationship: their 3-year correlation of weekly returns is 0.38.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BQ and PALI?
Across a 3-year window, the weekly returns of BQ and PALI correlate at 0.38, moderate. The past 12 months show a tighter link (0.54) than the 3-year average (0.38). Stretching to 5 years gives 0.23, with an annualized covariance of 10822.3 %².
By 3-year correlation, PALI places #7 of the 17 assets tracked against BQ. Their recent paths diverged sharply: over the last 12 months PALI outperformed by 286.6 percentage points (-66.9% for BQ against +219.7% for PALI). Note the risk asymmetry: BQ runs 2.7 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.
BQ vs PALI: side by side
| BQ (Boqii Holding Limited Class A) | PALI (Palisade Bio, Inc.) | |
|---|---|---|
| 1-year return | -66.9% | +219.7% |
| 5-year return | -99.8% | -99.9% |
| Volatility (ann.) | 275.5% | 102.3% |
| Beta vs S&P 500 | 1.87 | 0.30 |
| Max drawdown (3Y) | -98.2% | -97.5% |
| Market cap | – | $0.4B |
| P/E (trailing) | – | 3.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BQ | PALI |
|---|---|---|
| 2022 | -77.1% | -92.0% |
| 2023 | -88.5% | -88.7% |
| 2024 | -22.1% | -81.4% |
| 2025 | -43.6% | +42.4% |
| 2026 | -54.7% | -10.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BQ and PALI good diversifiers for each other?
Reasonably. At 0.38, BQ and PALI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BQ and PALI?
The BQ/PALI correlation stands at 0.38 on a 3-year window (1 year: 0.54, 5 years: 0.23), computed from weekly returns as of 2026-08-27.
Is PALI a good diversifier for BQ?
Reasonably. At 0.38, BQ and PALI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.38 mean?
A reading of 0.38 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/bq-vs-pali.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bq-vs-pali/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BQ correlations · PALI correlations
