JANX vs QTI: Correlation
Measured on weekly returns over the past three years, Janux Therapeutics, Inc. (JANX) and QT Imaging Holdings, Inc. (QTI) carry a correlation of -0.26, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JANX and QTI?
Across a 3-year window, the weekly returns of JANX and QTI correlate at -0.26, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.10) runs above the 3-year figure (-0.26). Stretching to 5 years gives -0.24, with an annualized covariance of -4157.3 %².
QTI is close to the least connected end of JANX's tracked universe, ranking #15 of 16. Their recent paths diverged sharply: over the last 12 months JANX outperformed by 72.0 percentage points (-19.6% for JANX against -91.6% for QTI).
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.
JANX vs QTI: side by side
| JANX (Janux Therapeutics, Inc.) | QTI (QT Imaging Holdings, Inc.) | |
|---|---|---|
| 1-year return | -19.6% | -91.6% |
| 5-year return | -42.6% | -97.9% |
| Volatility (ann.) | 148.0% | 108.2% |
| Beta vs S&P 500 | 1.76 | 0.12 |
| Max drawdown (3Y) | -81.8% | -98.6% |
| Market cap | $1.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | JANX | QTI |
|---|---|---|
| 2022 | -33.2% | +3.1% |
| 2023 | -18.5% | +7.7% |
| 2024 | +399.0% | -95.6% |
| 2025 | -74.2% | -16.7% |
| 2026 | +36.1% | -48.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JANX and QTI good diversifiers for each other?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
FAQ
What is the correlation between JANX and QTI?
Using weekly returns as of 2026-08-27: -0.26 over 3 years, with -0.10 over the last year and -0.24 over 5 years.
Is QTI a good diversifier for JANX?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
What does a correlation of -0.26 mean?
On the −1 to +1 scale, -0.26 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/janx-vs-qti.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/janx-vs-qti/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: JANX correlations · QTI correlations
