HQI vs SBCF: Correlation
Measured on weekly returns over the past three years, HireQuest, Inc. (HQI) and Seacoast Banking Corporation of Florida (SBCF) carry a correlation of 0.40, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HQI and SBCF?
On 3 years of weekly data the HQI/SBCF correlation comes out at 0.40, moderate. The past 12 months show a weaker link (0.24) than the 3-year average (0.40). The 5-year figure is 0.28, and annualized covariance runs at 528.4 %².
Within HQI's tracked universe of 10 assets, SBCF comes in at #4 by 3-year correlation. The last year tells two different stories: HQI led by 58.7 percentage points, +71.4% for HQI against +12.7% for SBCF.
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.
HQI vs SBCF: side by side
| HQI (HireQuest, Inc.) | SBCF (Seacoast Banking Corporation of Florida) | |
|---|---|---|
| 1-year return | +71.4% | +12.7% |
| 5-year return | -4.1% | +23.0% |
| Volatility (ann.) | 42.4% | 30.8% |
| Beta vs S&P 500 | 0.55 | 0.96 |
| Max drawdown (3Y) | -59.4% | -27.8% |
| Market cap | $0.2B | $3.3B |
| P/E (trailing) | 28.6 | 22.3 |
| Dividend yield | 1.41% | 2.18% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HQI | SBCF |
|---|---|---|
| 2022 | -20.4% | -10.1% |
| 2023 | -1.7% | -6.0% |
| 2024 | -6.1% | -0.5% |
| 2025 | -24.0% | +17.1% |
| 2026 | +54.0% | +10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HQI and SBCF good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between HQI and SBCF?
Using weekly returns as of 2026-08-27: 0.40 over 3 years, with 0.24 over the last year and 0.28 over 5 years.
Is SBCF a good diversifier for HQI?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.40 mean?
A reading of 0.40 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/hqi-vs-sbcf.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hqi-vs-sbcf/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: HQI correlations · SBCF correlations
