MSAI vs QTI: Correlation
Measured on weekly returns over the past three years, MultiSensor AI Holdings, Inc. (MSAI) and QT Imaging Holdings, Inc. (QTI) carry a correlation of -0.24, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MSAI and QTI?
Over the past 3 years, MSAI and QTI moved with a correlation of -0.24, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.38) than the 3-year average (-0.24). Over 5 years the correlation is -0.24, and the annualized covariance of weekly returns is -3224.7 %².
QTI is close to the least connected end of MSAI's tracked universe, ranking #12 of 14. On 12-month performance MSAI holds a 10.1-point edge, -81.5% against -91.6%.
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.
MSAI vs QTI: side by side
| MSAI (MultiSensor AI Holdings, Inc.) | QTI (QT Imaging Holdings, Inc.) | |
|---|---|---|
| 1-year return | -81.5% | -91.6% |
| 5-year return | -98.6% | -97.9% |
| Volatility (ann.) | 122.9% | 108.2% |
| Beta vs S&P 500 | 1.24 | 0.12 |
| Max drawdown (3Y) | -99.1% | -98.6% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MSAI | QTI |
|---|---|---|
| 2022 | +4.0% | +3.1% |
| 2023 | -67.2% | +7.7% |
| 2024 | -45.1% | -95.6% |
| 2025 | -84.3% | -16.7% |
| 2026 | -52.9% | -48.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MSAI and QTI good diversifiers for each other?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between MSAI and QTI?
The MSAI/QTI correlation stands at -0.24 on a 3-year window (1 year: -0.38, 5 years: -0.24), computed from weekly returns as of 2026-08-27.
Is QTI a good diversifier for MSAI?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.24 mean?
On the −1 to +1 scale, -0.24 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/msai-vs-qti.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/msai-vs-qti/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MSAI correlations · QTI correlations
