GRRR vs QMCO: Correlation
Measured on weekly returns over the past three years, Gorilla Technology Group Inc. (GRRR) and Quantum Corporation (QMCO) carry a correlation of 0.38, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GRRR and QMCO?
Over the past 3 years, GRRR and QMCO moved with a correlation of 0.38, which is moderate. Recent behaviour matches the longer record: 0.40 over 1 year against 0.38 over 3. Over 5 years the correlation is 0.17, and the annualized covariance of weekly returns is 8712.4 %².
Among the 12 assets we track against GRRR, QMCO ranks #6 by 3-year correlation. The last year tells two different stories: QMCO led by 224.5 percentage points, -3.1% for GRRR against +221.4% for QMCO. Risk is not evenly split, since QMCO carries 1.7 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.
GRRR vs QMCO: side by side
| GRRR (Gorilla Technology Group Inc.) | QMCO (Quantum Corporation) | |
|---|---|---|
| 1-year return | -3.1% | +221.4% |
| 5-year return | -84.2% | -80.7% |
| Volatility (ann.) | 116.9% | 196.4% |
| Beta vs S&P 500 | 1.92 | 2.45 |
| Max drawdown (3Y) | -85.8% | -93.9% |
| Market cap | $0.4B | $0.9B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GRRR | QMCO |
|---|---|---|
| 2022 | -18.9% | -80.3% |
| 2023 | -93.4% | -67.9% |
| 2024 | +235.1% | +670.3% |
| 2025 | -39.5% | -88.0% |
| 2026 | +43.4% | +265.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GRRR and QMCO good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.38 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between GRRR and QMCO?
As of 2026-08-27, the correlation of weekly returns between GRRR and QMCO is 0.38 over 3 years, 0.40 over 1 year and 0.17 over 5 years.
Is QMCO a good diversifier for GRRR?
Yes, to a useful degree: a correlation of 0.38 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.38 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.
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Related comparisons
Hubs: GRRR correlations · QMCO correlations
