HITI vs QCLS: Correlation
Measured on weekly returns over the past three years, High Tide Inc. (HITI) and Q/C Technologies, Inc. (QCLS) carry a correlation of -0.18, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HITI and QCLS?
Across a 3-year window, the weekly returns of HITI and QCLS correlate at -0.18, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.05) than the 3-year average (-0.18). Stretching to 5 years gives 0.07, with an annualized covariance of -1100.0 %².
Out of 10 assets tracked against HITI, QCLS lands near the bottom at #8. The last year tells two different stories: HITI led by 45.1 percentage points, -28.6% for HITI against -73.7% for QCLS. Note the risk asymmetry: QCLS runs 1.9 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.
HITI vs QCLS: side by side
| HITI (High Tide Inc.) | QCLS (Q/C Technologies, Inc.) | |
|---|---|---|
| 1-year return | -28.6% | -73.7% |
| 5-year return | -64.1% | -100.0% |
| Volatility (ann.) | 57.1% | 108.9% |
| Beta vs S&P 500 | 0.73 | 0.87 |
| Max drawdown (3Y) | -51.6% | -99.9% |
| Market cap | $0.2B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HITI | QCLS |
|---|---|---|
| 2022 | -63.8% | -81.0% |
| 2023 | +5.8% | -77.5% |
| 2024 | +89.6% | -85.2% |
| 2025 | -14.2% | -96.5% |
| 2026 | -3.0% | -40.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HITI and QCLS good diversifiers for each other?
By historical standards, yes. A correlation of -0.18 means the two rarely move for the same reasons.
FAQ
What is the correlation between HITI and QCLS?
As of 2026-08-27, the correlation of weekly returns between HITI and QCLS is -0.18 over 3 years, -0.05 over 1 year and 0.07 over 5 years.
Is QCLS a good diversifier for HITI?
By historical standards, yes. A correlation of -0.18 means the two rarely move for the same reasons.
What does a correlation of -0.18 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/hiti-vs-qcls.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/hiti-vs-qcls/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: HITI correlations · QCLS correlations
