CMPX vs QH: Correlation
Compass Therapeutics, Inc. (CMPX) and Quhuo Limited - Class A (QH) show a negative relationship: their 3-year correlation of weekly returns is -0.37.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CMPX and QH?
Over the past 3 years, CMPX and QH moved with a correlation of -0.37, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.71) than the 3-year average (-0.37). Over 5 years the correlation is -0.30, and the annualized covariance of weekly returns is -43549.7 %².
Out of 10 assets tracked against CMPX, QH lands near the bottom at #10. The last year tells two different stories: QH led by 15.1 percentage points, -23.2% for CMPX against -8.1% for QH. Note the risk asymmetry: QH runs 15.9 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.
CMPX vs QH: side by side
| CMPX (Compass Therapeutics, Inc.) | QH (Quhuo Limited - Class A) | |
|---|---|---|
| 1-year return | -23.2% | -8.1% |
| 5-year return | -37.8% | -100.0% |
| Volatility (ann.) | 85.8% | 1360.1% |
| Beta vs S&P 500 | 1.92 | 5.77 |
| Max drawdown (3Y) | -75.0% | -100.0% |
| Market cap | $0.5B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CMPX | QH |
|---|---|---|
| 2022 | +58.7% | -98.9% |
| 2023 | -69.0% | +22.5% |
| 2024 | -7.1% | -0.7% |
| 2025 | +270.3% | -99.2% |
| 2026 | -53.1% | +290.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CMPX and QH good diversifiers for each other?
Yes. With a correlation of -0.37, CMPX and QH have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CMPX and QH?
The CMPX/QH correlation stands at -0.37 on a 3-year window (1 year: -0.71, 5 years: -0.30), computed from weekly returns as of 2026-08-27.
Is QH a good diversifier for CMPX?
Yes. With a correlation of -0.37, CMPX and QH have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.37 mean?
A reading of -0.37 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/cmpx-vs-qh.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cmpx-vs-qh/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CMPX correlations · QH correlations
