CHKP vs QH: Correlation
Check Point Software Technologies Ltd. (CHKP) and Quhuo Limited - Class A (QH) show a negative relationship: their 3-year correlation of weekly returns is -0.29.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CHKP and QH?
Over the past 3 years, CHKP and QH moved with a correlation of -0.29, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.43) runs below the 3-year figure (-0.29). Over 5 years the correlation is -0.24, and the annualized covariance of weekly returns is -11355.4 %².
Out of 12 assets tracked against CHKP, QH lands near the bottom at #12. The last year tells two different stories: QH led by 22.0 percentage points, -30.1% for CHKP against -8.1% for QH. One caveat on sizing: QH is 46.9 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
CHKP vs QH: side by side
| CHKP (Check Point Software Technologies Ltd.) | QH (Quhuo Limited - Class A) | |
|---|---|---|
| 1-year return | -30.1% | -8.1% |
| 5-year return | +5.2% | -100.0% |
| Volatility (ann.) | 29.0% | 1360.1% |
| Beta vs S&P 500 | 0.41 | 5.77 |
| Max drawdown (3Y) | -51.8% | -100.0% |
| Market cap | $13.6B | – |
| P/E (trailing) | 13.2 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CHKP | QH |
|---|---|---|
| 2022 | +8.2% | -98.9% |
| 2023 | +21.1% | +22.5% |
| 2024 | +22.2% | -0.7% |
| 2025 | -0.6% | -99.2% |
| 2026 | -28.2% | +290.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CHKP and QH good diversifiers for each other?
Yes: at -0.29, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CHKP and QH?
As of 2026-08-27, the correlation of weekly returns between CHKP and QH is -0.29 over 3 years, -0.43 over 1 year and -0.24 over 5 years.
Is QH a good diversifier for CHKP?
Yes: at -0.29, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.29 mean?
A reading of -0.29 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/chkp-vs-qh.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/chkp-vs-qh/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CHKP correlations · QH correlations
