PNR vs QH: Correlation
Measured on weekly returns over the past three years, Pentair (PNR) and Quhuo Limited - Class A (QH) 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 PNR and QH?
On 3 years of weekly data the PNR/QH correlation comes out at -0.27, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.43) than the 3-year average (-0.27). The 5-year figure is -0.19, and annualized covariance runs at -10195.6 %².
Among the 38 assets we track against PNR, QH sits near the bottom by co-movement, at rank #34. The last year tells two different stories: QH led by 34.4 percentage points, -42.5% for PNR against -8.1% for QH. Note the risk asymmetry: QH runs 48.2 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.
PNR vs QH: side by side
| PNR (Pentair) | QH (Quhuo Limited - Class A) | |
|---|---|---|
| 1-year return | -42.5% | -8.1% |
| 5-year return | -14.1% | -100.0% |
| Volatility (ann.) | 28.2% | 1360.1% |
| Beta vs S&P 500 | 1.07 | 5.77 |
| Max drawdown (3Y) | -45.0% | -100.0% |
| Market cap | $9.9B | – |
| P/E (trailing) | 16.2 | – |
| Dividend yield | 1.65% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | PNR | QH |
|---|---|---|
| 2022 | -37.4% | -98.9% |
| 2023 | +64.2% | +22.5% |
| 2024 | +40.0% | -0.7% |
| 2025 | +4.5% | -99.2% |
| 2026 | -39.8% | +290.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PNR and QH good diversifiers for each other?
Yes: at -0.27, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between PNR and QH?
Using weekly returns as of 2026-08-27: -0.27 over 3 years, with -0.43 over the last year and -0.19 over 5 years.
Is QH a good diversifier for PNR?
Yes: at -0.27, the two have gone their own ways historically, which is what genuine diversification looks like.
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/pnr-vs-qh.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/pnr-vs-qh/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: PNR correlations · QH correlations
