PAVS vs QCLS: Correlation
Paranovus Entertainment Technology Ltd. - Class A (PAVS) and Q/C Technologies, Inc. (QCLS) show a negative relationship: their 3-year correlation of weekly returns is -0.26.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PAVS and QCLS?
Over the past 3 years, PAVS and QCLS moved with a correlation of -0.26, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.33 over 1 year against -0.26 over 3. Over 5 years the correlation is -0.18, and the annualized covariance of weekly returns is -3807.7 %².
Among the 13 assets we track against PAVS, QCLS sits near the bottom by co-movement, at rank #9. Their recent paths diverged sharply: over the last 12 months QCLS outperformed by 26.3 percentage points (-100.0% for PAVS against -73.7% for QCLS).
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.
PAVS vs QCLS: side by side
| PAVS (Paranovus Entertainment Technology Ltd. - Class A) | QCLS (Q/C Technologies, Inc.) | |
|---|---|---|
| 1-year return | -100.0% | -73.7% |
| 5-year return | -100.0% | -100.0% |
| Volatility (ann.) | 133.6% | 108.9% |
| Beta vs S&P 500 | 1.06 | 0.87 |
| Max drawdown (3Y) | -100.0% | -99.9% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PAVS | QCLS |
|---|---|---|
| 2022 | -61.1% | -81.0% |
| 2023 | -44.6% | -77.5% |
| 2024 | -44.4% | -85.2% |
| 2025 | -98.7% | -96.5% |
| 2026 | -99.7% | -40.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PAVS and QCLS good diversifiers for each other?
Yes. With a correlation of -0.26, PAVS and QCLS have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between PAVS and QCLS?
Using weekly returns as of 2026-08-27: -0.26 over 3 years, with -0.33 over the last year and -0.18 over 5 years.
Is QCLS a good diversifier for PAVS?
Yes. With a correlation of -0.26, PAVS and QCLS have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.26 mean?
A reading of -0.26 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/pavs-vs-qcls.json
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[](https://www.pairbook.io/pair/pavs-vs-qcls/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: PAVS correlations · QCLS correlations
