GURE vs QCLS: Correlation
Gulf Resources, Inc. (GURE) and Q/C Technologies, Inc. (QCLS) show a moderate relationship: their 3-year correlation of weekly returns is 0.41.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GURE and QCLS?
On 3 years of weekly data the GURE/QCLS correlation comes out at 0.41, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.65 versus 0.41 over 3 years. The 5-year figure is 0.32, and annualized covariance runs at 6145.5 %².
Few assets follow GURE as closely as QCLS, which ranks #3 of 23 tracked partners. Correlation aside, the last 12 months split them widely, with GURE ahead by 21.2 points (-52.5% versus -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.
GURE vs QCLS: side by side
| GURE (Gulf Resources, Inc.) | QCLS (Q/C Technologies, Inc.) | |
|---|---|---|
| 1-year return | -52.5% | -73.7% |
| 5-year return | -92.1% | -100.0% |
| Volatility (ann.) | 137.7% | 108.9% |
| Beta vs S&P 500 | -0.30 | 0.87 |
| Max drawdown (3Y) | -88.1% | -99.9% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GURE | QCLS |
|---|---|---|
| 2022 | -28.6% | -81.0% |
| 2023 | -46.6% | -77.5% |
| 2024 | -65.5% | -85.2% |
| 2025 | -35.1% | -96.5% |
| 2026 | -7.6% | -40.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GURE and QCLS good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between GURE and QCLS?
As of 2026-08-27, the correlation of weekly returns between GURE and QCLS is 0.41 over 3 years, 0.65 over 1 year and 0.32 over 5 years.
Is QCLS a good diversifier for GURE?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.41 mean?
A reading of 0.41 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/gure-vs-qcls.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/gure-vs-qcls/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GURE correlations · QCLS correlations
