QH vs RNTX: Correlation
Measured on weekly returns over the past three years, Quhuo Limited - Class A (QH) and Rein Therapeutics, Inc. (RNTX) carry a correlation of -0.22, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QH and RNTX?
On 3 years of weekly data the QH/RNTX correlation comes out at -0.22, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.45) than the 3-year average (-0.22). The 5-year figure is -0.17, and annualized covariance runs at -29206.1 %².
Among the 40 assets we track against QH, RNTX ranks #26 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months QH outperformed by 20.7 percentage points (-8.1% for QH against -28.8% for RNTX). Note the risk asymmetry: QH runs 13.8 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.
QH vs RNTX: side by side
| QH (Quhuo Limited - Class A) | RNTX (Rein Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | -8.1% | -28.8% |
| 5-year return | -100.0% | -96.4% |
| Volatility (ann.) | 1360.1% | 98.8% |
| Beta vs S&P 500 | 5.77 | 1.78 |
| Max drawdown (3Y) | -100.0% | -89.7% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | QH | RNTX |
|---|---|---|
| 2022 | -98.9% | -79.0% |
| 2023 | +22.5% | +28.6% |
| 2024 | -0.7% | -24.6% |
| 2025 | -99.2% | -49.6% |
| 2026 | +290.7% | -32.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QH and RNTX good diversifiers for each other?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between QH and RNTX?
Using weekly returns as of 2026-08-27: -0.22 over 3 years, with -0.45 over the last year and -0.17 over 5 years.
Is RNTX a good diversifier for QH?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.22 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.
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Related comparisons
Hubs: QH correlations · RNTX correlations
