PVLA vs QNBC: Correlation
Measured on weekly returns over the past three years, Palvella Therapeutics, Inc. (PVLA) and QNB Corp. (QNBC) carry a correlation of 0.35, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PVLA and QNBC?
Over the past 3 years, PVLA and QNBC moved with a correlation of 0.35, which is moderate. The past 12 months show a weaker link (-0.06) than the 3-year average (0.35). Over 5 years the correlation is 0.31, and the annualized covariance of weekly returns is 637.8 %².
By 3-year correlation, QNBC places #7 of the 16 assets tracked against PVLA. Their recent paths diverged sharply: over the last 12 months PVLA outperformed by 135.0 percentage points (+166.3% for PVLA against +31.3% for QNBC). Note the risk asymmetry: PVLA runs 6.2 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.
PVLA vs QNBC: side by side
| PVLA (Palvella Therapeutics, Inc.) | QNBC (QNB Corp.) | |
|---|---|---|
| 1-year return | +166.3% | +31.3% |
| 5-year return | -62.3% | +50.2% |
| Volatility (ann.) | 105.3% | 17.1% |
| Beta vs S&P 500 | 0.24 | -0.03 |
| Max drawdown (3Y) | -77.6% | -12.1% |
| Market cap | $2.2B | $0.3B |
| P/E (trailing) | – | 13.4 |
| Dividend yield | 0.00% | 3.43% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PVLA | QNBC |
|---|---|---|
| 2022 | -72.5% | -23.3% |
| 2023 | -82.5% | +4.7% |
| 2024 | -17.6% | +37.9% |
| 2025 | +772.2% | +7.7% |
| 2026 | +43.6% | +31.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PVLA and QNBC good diversifiers for each other?
A fair diversifier. At 0.35, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between PVLA and QNBC?
The PVLA/QNBC correlation stands at 0.35 on a 3-year window (1 year: -0.06, 5 years: 0.31), computed from weekly returns as of 2026-08-27.
Is QNBC a good diversifier for PVLA?
A fair diversifier. At 0.35, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.35 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/pvla-vs-qnbc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/pvla-vs-qnbc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: PVLA correlations · QNBC correlations
