GIFT vs QMCO: Correlation
Measured on weekly returns over the past three years, Giftify, Inc. (GIFT) and Quantum Corporation (QMCO) carry a correlation of -0.20, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GIFT and QMCO?
Over the past 3 years, GIFT and QMCO moved with a correlation of -0.20, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.09) than the 3-year average (-0.20). Over 5 years the correlation is -0.14, and the annualized covariance of weekly returns is -2721.0 %².
By 3-year correlation, QMCO places #13 of the 19 assets tracked against GIFT. The last year tells two different stories: QMCO led by 241.4 percentage points, -20.0% for GIFT against +221.4% for QMCO. Risk is not evenly split, since QMCO carries 2.8 times the volatility of the other side.
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.
GIFT vs QMCO: side by side
| GIFT (Giftify, Inc.) | QMCO (Quantum Corporation) | |
|---|---|---|
| 1-year return | -20.0% | +221.4% |
| 5-year return | -65.3% | -80.7% |
| Volatility (ann.) | 70.2% | 196.4% |
| Beta vs S&P 500 | 0.42 | 2.45 |
| Max drawdown (3Y) | -83.5% | -93.9% |
| Market cap | – | $0.9B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GIFT | QMCO |
|---|---|---|
| 2022 | +135.8% | -80.3% |
| 2023 | +182.7% | -67.9% |
| 2024 | -72.7% | +670.3% |
| 2025 | +0.9% | -88.0% |
| 2026 | -25.8% | +265.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GIFT and QMCO good diversifiers for each other?
Yes. With a correlation of -0.20, GIFT and QMCO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between GIFT and QMCO?
As of 2026-08-27, the correlation of weekly returns between GIFT and QMCO is -0.20 over 3 years, -0.09 over 1 year and -0.14 over 5 years.
Is QMCO a good diversifier for GIFT?
Yes. With a correlation of -0.20, GIFT and QMCO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.20 mean?
A reading of -0.20 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/gift-vs-qmco.json
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[](https://www.pairbook.io/pair/gift-vs-qmco/)
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Related comparisons
Hubs: GIFT correlations · QMCO correlations
