PAVS vs QNCX: Correlation
Measured on weekly returns over the past three years, Paranovus Entertainment Technology Ltd. - Class A (PAVS) and Quince Therapeutics, Inc. (QNCX) carry a correlation of 0.28, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PAVS and QNCX?
On 3 years of weekly data the PAVS/QNCX correlation comes out at 0.28, weak. Little has changed lately, as the 1-year reading of 0.35 lands near the 3-year figure. The 5-year figure is 0.21, and annualized covariance runs at 4124.0 %².
Among the 13 assets we track against PAVS, QNCX ranks #5 by 3-year correlation. Over the last 12 months QNCX came out ahead by 10.4 percentage points (-100.0% against -89.6%).
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.
PAVS vs QNCX: side by side
| PAVS (Paranovus Entertainment Technology Ltd. - Class A) | QNCX (Quince Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | -100.0% | -89.6% |
| 5-year return | -100.0% | -99.8% |
| Volatility (ann.) | 133.6% | 111.4% |
| Beta vs S&P 500 | 1.06 | 0.55 |
| Max drawdown (3Y) | -100.0% | -98.2% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PAVS | QNCX |
|---|---|---|
| 2022 | -61.1% | -95.0% |
| 2023 | -44.6% | +64.8% |
| 2024 | -44.4% | +78.1% |
| 2025 | -98.7% | +79.1% |
| 2026 | -99.7% | -95.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PAVS and QNCX good diversifiers for each other?
A fair diversifier. At 0.28, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between PAVS and QNCX?
Using weekly returns as of 2026-08-27: 0.28 over 3 years, with 0.35 over the last year and 0.21 over 5 years.
Is QNCX a good diversifier for PAVS?
A fair diversifier. At 0.28, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.28 mean?
On the −1 to +1 scale, 0.28 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/pavs-vs-qncx.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/pavs-vs-qncx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: PAVS correlations · QNCX correlations
