JXG vs QMCO: Correlation
How closely do JX Luxventure Group Inc. (JXG) and Quantum Corporation (QMCO) trade together? Their weekly returns over three years give a correlation of -0.20, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JXG and QMCO?
On 3 years of weekly data the JXG/QMCO correlation comes out at -0.20, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.08 versus -0.20 over 3 years. The 5-year figure is -0.14, and annualized covariance runs at -6448.4 %².
Within JXG's tracked universe of 20 assets, QMCO comes in at #11 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months QMCO outperformed by 263.2 percentage points (-41.8% for JXG against +221.4% for QMCO).
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.
JXG vs QMCO: side by side
| JXG (JX Luxventure Group Inc.) | QMCO (Quantum Corporation) | |
|---|---|---|
| 1-year return | -41.8% | +221.4% |
| 5-year return | -98.5% | -80.7% |
| Volatility (ann.) | 167.5% | 196.4% |
| Beta vs S&P 500 | -0.19 | 2.45 |
| Max drawdown (3Y) | -94.0% | -93.9% |
| Market cap | $0.1B | $0.9B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | JXG | QMCO |
|---|---|---|
| 2022 | -63.7% | -80.3% |
| 2023 | -83.8% | -67.9% |
| 2024 | -19.5% | +670.3% |
| 2025 | -62.6% | -88.0% |
| 2026 | +48.5% | +265.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JXG and QMCO good diversifiers for each other?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
FAQ
What is the correlation between JXG and QMCO?
Using weekly returns as of 2026-08-27: -0.20 over 3 years, with -0.08 over the last year and -0.14 over 5 years.
Is QMCO a good diversifier for JXG?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
What does a correlation of -0.20 mean?
A reading of -0.20 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
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Related comparisons
Hubs: JXG correlations · QMCO correlations
