CALC vs QNCX: Correlation
How closely do CalciMedica, Inc. (CALC) and Quince Therapeutics, Inc. (QNCX) trade together? Their weekly returns over three years give a correlation of 0.27, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CALC and QNCX?
Over the past 3 years, CALC and QNCX moved with a correlation of 0.27, which is weak. The past 12 months show a tighter link (0.46) than the 3-year average (0.27). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 3544.0 %².
Few assets follow CALC as closely as QNCX, which ranks #3 of 10 tracked partners. On 12-month performance CALC holds a 5.8-point edge, -83.8% against -89.6%.
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.
CALC vs QNCX: side by side
| CALC (CalciMedica, Inc.) | QNCX (Quince Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | -83.8% | -89.6% |
| 5-year return | n/a | -99.8% |
| Volatility (ann.) | 115.7% | 111.4% |
| Beta vs S&P 500 | 0.26 | 0.55 |
| Max drawdown (3Y) | -93.7% | -98.2% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CALC | QNCX |
|---|---|---|
| 2022 | – | -95.0% |
| 2023 | – | +64.8% |
| 2024 | +23.8% | +78.1% |
| 2025 | +86.2% | +79.1% |
| 2026 | -92.9% | -95.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CALC and QNCX good diversifiers for each other?
A fair diversifier. At 0.27, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CALC and QNCX?
The CALC/QNCX correlation stands at 0.27 on a 3-year window (1 year: 0.46, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is QNCX a good diversifier for CALC?
A fair diversifier. At 0.27, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
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/calc-vs-qncx.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/calc-vs-qncx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CALC correlations · QNCX correlations
