GMEX vs HQI: Correlation
GMEX ROBOTICS CORPORATION - Class A (GMEX) and HireQuest, Inc. (HQI) show a negative relationship: their 3-year correlation of weekly returns is -0.18.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GMEX and HQI?
Across a 3-year window, the weekly returns of GMEX and HQI correlate at -0.18, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.07 versus -0.18 over 3 years. Stretching to 5 years gives n/a, with an annualized covariance of -1500.3 %².
Within GMEX's tracked universe of 17 assets, HQI comes in at #9 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months HQI outperformed by 171.4 percentage points (-100.0% for GMEX against +71.4% for HQI). One caveat on sizing: GMEX is 4.6 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.
GMEX vs HQI: side by side
| GMEX (GMEX ROBOTICS CORPORATION - Class A) | HQI (HireQuest, Inc.) | |
|---|---|---|
| 1-year return | -100.0% | +71.4% |
| 5-year return | n/a | -4.1% |
| Volatility (ann.) | 195.3% | 42.4% |
| Beta vs S&P 500 | 2.43 | 0.55 |
| Max drawdown (3Y) | -100.0% | -59.4% |
| Market cap | – | $0.2B |
| P/E (trailing) | – | 28.6 |
| Dividend yield | 4710.28% | 1.41% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GMEX | HQI |
|---|---|---|
| 2022 | – | -20.4% |
| 2023 | – | -1.7% |
| 2024 | +471.2% | -6.1% |
| 2025 | -99.6% | -24.0% |
| 2026 | -99.6% | +54.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GMEX and HQI good diversifiers for each other?
Yes. With a correlation of -0.18, GMEX and HQI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between GMEX and HQI?
As of 2026-08-27, the correlation of weekly returns between GMEX and HQI is -0.18 over 3 years, 0.07 over 1 year and n/a over 5 years.
Is HQI a good diversifier for GMEX?
Yes. With a correlation of -0.18, GMEX and HQI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.18 mean?
On the −1 to +1 scale, -0.18 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.
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Related comparisons
Hubs: GMEX correlations · HQI correlations
