LCFY vs QS: Correlation
Measured on weekly returns over the past three years, Locafy Limited (LCFY) and QuantumScape Corporation (QS) carry a correlation of 0.46, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LCFY and QS?
On 3 years of weekly data the LCFY/QS correlation comes out at 0.46, moderate. The past 12 months show a weaker link (0.23) than the 3-year average (0.46). The 5-year figure is 0.39, and annualized covariance runs at 7063.6 %².
Among the 16 assets we track against LCFY, QS ranks #4 by 3-year correlation. Correlation aside, the last 12 months split them widely, with QS ahead by 20.3 points (-46.9% versus -26.6%). One caveat on sizing: LCFY is 1.9 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.
LCFY vs QS: side by side
| LCFY (Locafy Limited) | QS (QuantumScape Corporation) | |
|---|---|---|
| 1-year return | -46.9% | -26.6% |
| 5-year return | -96.6% | -72.4% |
| Volatility (ann.) | 170.8% | 90.7% |
| Beta vs S&P 500 | 2.20 | 2.17 |
| Max drawdown (3Y) | -77.4% | -73.5% |
| Market cap | – | $3.6B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LCFY | QS |
|---|---|---|
| 2022 | – | -74.4% |
| 2023 | +53.8% | +22.6% |
| 2024 | -24.3% | -25.3% |
| 2025 | -59.2% | +100.8% |
| 2026 | -18.2% | -43.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LCFY and QS good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between LCFY and QS?
As of 2026-08-27, the correlation of weekly returns between LCFY and QS is 0.46 over 3 years, 0.23 over 1 year and 0.39 over 5 years.
Is QS a good diversifier for LCFY?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.46 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/lcfy-vs-qs.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/lcfy-vs-qs/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: LCFY correlations · QS correlations
