PBAM vs QXL: Correlation
Private Bancorp of America, Inc. (PBAM) and Quantum X Labs Inc. (QXL) show a moderate relationship: their 3-year correlation of weekly returns is 0.46.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PBAM and QXL?
On 3 years of weekly data the PBAM/QXL correlation comes out at 0.46, moderate. The link has loosened recently: the 1-year correlation (0.12) runs below the 3-year figure (0.46). The 5-year figure is 0.33, and annualized covariance runs at 6344.8 %².
QXL is one of the assets that tracks PBAM most closely: it ranks #2 out of the 11 assets we track against PBAM. Neither side won the trailing year by much: +53.6% against +53.6%. Note the risk asymmetry: QXL runs 38.1 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
PBAM vs QXL: side by side
| PBAM (Private Bancorp of America, Inc.) | QXL (Quantum X Labs Inc.) | |
|---|---|---|
| 1-year return | +53.6% | +53.6% |
| 5-year return | +253.3% | +14.0% |
| Volatility (ann.) | 19.0% | 724.3% |
| Beta vs S&P 500 | 0.13 | -2.23 |
| Max drawdown (3Y) | -14.8% | -96.2% |
| Market cap | $0.5B | $0.1B |
| P/E (trailing) | 11.5 | 13.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PBAM | QXL |
|---|---|---|
| 2022 | +20.2% | -78.8% |
| 2023 | +8.1% | -80.2% |
| 2024 | +65.0% | +1032.7% |
| 2025 | -0.4% | -70.1% |
| 2026 | +53.5% | +207.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PBAM and QXL good diversifiers for each other?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between PBAM and QXL?
The PBAM/QXL correlation stands at 0.46 on a 3-year window (1 year: 0.12, 5 years: 0.33), computed from weekly returns as of 2026-08-27.
Is QXL a good diversifier for PBAM?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.46 mean?
A reading of 0.46 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/pbam-vs-qxl.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/pbam-vs-qxl/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: PBAM correlations · QXL correlations
