IQST vs WMK: Correlation
How closely do iQSTEL Inc. (IQST) and Weis Markets, Inc. (WMK) trade together? Their weekly returns over three years give a correlation of -0.21, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IQST and WMK?
On 3 years of weekly data the IQST/WMK correlation comes out at -0.21, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.18 over 1 year against -0.21 over 3. The 5-year figure is -0.08, and annualized covariance runs at -441.6 %².
Out of 10 assets tracked against IQST, WMK lands near the bottom at #9. Their recent paths diverged sharply: over the last 12 months WMK outperformed by 82.2 percentage points (-85.1% for IQST against -2.9% for WMK). One caveat on sizing: IQST is 3.1 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.
IQST vs WMK: side by side
| IQST (iQSTEL Inc.) | WMK (Weis Markets, Inc.) | |
|---|---|---|
| 1-year return | -85.1% | -2.9% |
| 5-year return | -98.1% | +36.2% |
| Volatility (ann.) | 81.9% | 26.2% |
| Beta vs S&P 500 | 1.03 | 0.07 |
| Max drawdown (3Y) | -97.1% | -29.4% |
| Market cap | – | – |
| P/E (trailing) | – | 17.6 |
| Dividend yield | 0.00% | 1.92% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IQST | WMK |
|---|---|---|
| 2022 | -80.1% | +27.1% |
| 2023 | -18.9% | -20.8% |
| 2024 | +100.0% | +8.0% |
| 2025 | -87.7% | -3.6% |
| 2026 | -67.2% | +11.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IQST and WMK good diversifiers for each other?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
FAQ
What is the correlation between IQST and WMK?
Using weekly returns as of 2026-08-27: -0.21 over 3 years, with -0.18 over the last year and -0.08 over 5 years.
Is WMK a good diversifier for IQST?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
What does a correlation of -0.21 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/iqst-vs-wmk.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/iqst-vs-wmk/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: IQST correlations · WMK correlations
