NIKI vs QTI: Correlation
Measured on weekly returns over the past three years, Niki BioSolutions, Inc. (NIKI) and QT Imaging Holdings, Inc. (QTI) carry a correlation of -0.27, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NIKI and QTI?
On 3 years of weekly data the NIKI/QTI correlation comes out at -0.27, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.07) runs above the 3-year figure (-0.27). The 5-year figure is -0.25, and annualized covariance runs at -6584.5 %².
Out of 20 assets tracked against NIKI, QTI lands near the bottom at #18. The last year tells two different stories: NIKI led by 25.1 percentage points, -66.5% for NIKI against -91.6% for QTI. Risk is not evenly split, since NIKI carries 2.1 times the volatility of the other side.
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.
NIKI vs QTI: side by side
| NIKI (Niki BioSolutions, Inc.) | QTI (QT Imaging Holdings, Inc.) | |
|---|---|---|
| 1-year return | -66.5% | -91.6% |
| 5-year return | -97.1% | -97.9% |
| Volatility (ann.) | 227.3% | 108.2% |
| Beta vs S&P 500 | 0.93 | 0.12 |
| Max drawdown (3Y) | -94.8% | -98.6% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NIKI | QTI |
|---|---|---|
| 2022 | -63.3% | +3.1% |
| 2023 | -55.5% | +7.7% |
| 2024 | +14.3% | -95.6% |
| 2025 | -62.1% | -16.7% |
| 2026 | -28.9% | -48.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NIKI and QTI good diversifiers for each other?
By historical standards, yes. A correlation of -0.27 means the two rarely move for the same reasons.
FAQ
What is the correlation between NIKI and QTI?
Using weekly returns as of 2026-08-27: -0.27 over 3 years, with 0.07 over the last year and -0.25 over 5 years.
Is QTI a good diversifier for NIKI?
By historical standards, yes. A correlation of -0.27 means the two rarely move for the same reasons.
What does a correlation of -0.27 mean?
A reading of -0.27 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
$ curl https://www.pairbook.io/api/v1/pairs/niki-vs-qti.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/niki-vs-qti/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: NIKI correlations · QTI correlations
