QETA vs SLP: Correlation
Measured on weekly returns over the past three years, Quetta Acquisition Corporation (QETA) and Simulations Plus, Inc. (SLP) carry a correlation of -0.28, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QETA and SLP?
Over the past 3 years, QETA and SLP moved with a correlation of -0.28, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.39) than the 3-year average (-0.28). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -81.2 %².
Among the 10 assets we track against QETA, SLP sits near the bottom by co-movement, at rank #9. Their recent paths diverged sharply: over the last 12 months SLP outperformed by 23.4 percentage points (+4.9% for QETA against +28.3% for SLP). Note the risk asymmetry: SLP runs 10.8 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.
QETA vs SLP: side by side
| QETA (Quetta Acquisition Corporation) | SLP (Simulations Plus, Inc.) | |
|---|---|---|
| 1-year return | +4.9% | +28.3% |
| 5-year return | n/a | -58.0% |
| Volatility (ann.) | 5.2% | 55.9% |
| Beta vs S&P 500 | -0.04 | 1.34 |
| Max drawdown (3Y) | -5.1% | -77.7% |
| Market cap | – | $0.4B |
| P/E (trailing) | 51.0 | 46.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | QETA | SLP |
|---|---|---|
| 2022 | – | -22.3% |
| 2023 | – | +23.1% |
| 2024 | +4.4% | -37.4% |
| 2025 | +7.6% | -34.6% |
| 2026 | +3.4% | +1.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QETA and SLP good diversifiers for each other?
Yes: at -0.28, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between QETA and SLP?
The QETA/SLP correlation stands at -0.28 on a 3-year window (1 year: -0.39, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is SLP a good diversifier for QETA?
Yes: at -0.28, the two have gone their own ways historically, which is what genuine diversification looks like.
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/qeta-vs-slp.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/qeta-vs-slp/)
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Related comparisons
Hubs: QETA correlations · SLP correlations
