CNCK vs QCLS: Correlation
Measured on weekly returns over the past three years, Coincheck Group N.V. (CNCK) and Q/C Technologies, Inc. (QCLS) carry a correlation of 0.30, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CNCK and QCLS?
Across a 3-year window, the weekly returns of CNCK and QCLS correlate at 0.30, moderate. The link has tightened recently: the 1-year correlation (0.48) runs above the 3-year figure (0.30). Stretching to 5 years gives 0.21, with an annualized covariance of 2932.5 %².
By 3-year correlation, QCLS places #8 of the 14 assets tracked against CNCK. Over the last 12 months CNCK came out ahead by 14.0 percentage points (-59.7% against -73.7%).
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.
CNCK vs QCLS: side by side
| CNCK (Coincheck Group N.V.) | QCLS (Q/C Technologies, Inc.) | |
|---|---|---|
| 1-year return | -59.7% | -73.7% |
| 5-year return | -78.6% | -100.0% |
| Volatility (ann.) | 91.0% | 108.9% |
| Beta vs S&P 500 | 0.99 | 0.87 |
| Max drawdown (3Y) | -89.9% | -99.9% |
| Market cap | $0.4B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CNCK | QCLS |
|---|---|---|
| 2022 | +1.8% | -81.0% |
| 2023 | +2.9% | -77.5% |
| 2024 | -13.0% | -85.2% |
| 2025 | -71.7% | -96.5% |
| 2026 | -17.5% | -40.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CNCK and QCLS good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.30 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CNCK and QCLS?
The CNCK/QCLS correlation stands at 0.30 on a 3-year window (1 year: 0.48, 5 years: 0.21), computed from weekly returns as of 2026-08-27.
Is QCLS a good diversifier for CNCK?
Yes, to a useful degree: a correlation of 0.30 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.30 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cnck-vs-qcls.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cnck-vs-qcls/)
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Related comparisons
Hubs: CNCK correlations · QCLS correlations
