FLNG vs QUCY: Correlation
Measured on weekly returns over the past three years, FLEX LNG Ltd. (FLNG) and Quantum Cyber N.V. (QUCY) carry a correlation of -0.22, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FLNG and QUCY?
Across a 3-year window, the weekly returns of FLNG and QUCY correlate at -0.22, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.12 over 1 year against -0.22 over 3. Stretching to 5 years gives -0.12, with an annualized covariance of -10703.2 %².
Out of 11 assets tracked against FLNG, QUCY lands near the bottom at #10. Their recent paths diverged sharply: over the last 12 months FLNG outperformed by 37.9 percentage points (+28.6% for FLNG against -9.3% for QUCY). Note the risk asymmetry: QUCY runs 68.7 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.
FLNG vs QUCY: side by side
| FLNG (FLEX LNG Ltd.) | QUCY (Quantum Cyber N.V.) | |
|---|---|---|
| 1-year return | +28.6% | -9.3% |
| 5-year return | +261.5% | -94.4% |
| Volatility (ann.) | 26.8% | 1840.9% |
| Beta vs S&P 500 | 0.26 | 3.76 |
| Max drawdown (3Y) | -25.4% | -95.9% |
| Market cap | $1.7B | $0.1B |
| P/E (trailing) | 16.0 | – |
| Dividend yield | 9.86% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FLNG | QUCY |
|---|---|---|
| 2022 | +56.3% | -31.7% |
| 2023 | -1.2% | -83.7% |
| 2024 | -11.7% | +272.4% |
| 2025 | +26.4% | -74.1% |
| 2026 | +32.3% | +31.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FLNG and QUCY good diversifiers for each other?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between FLNG and QUCY?
Using weekly returns as of 2026-08-27: -0.22 over 3 years, with -0.12 over the last year and -0.12 over 5 years.
Is QUCY a good diversifier for FLNG?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.22 mean?
On the −1 to +1 scale, -0.22 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/flng-vs-qucy.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/flng-vs-qucy/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FLNG correlations · QUCY correlations
