QMCO vs TNXP: Correlation
Quantum Corporation (QMCO) and Tonix Pharmaceuticals Holding Corp. (TNXP) show a moderate relationship: their 3-year correlation of weekly returns is 0.41.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QMCO and TNXP?
Over the past 3 years, QMCO and TNXP moved with a correlation of 0.41, which is moderate. The past 12 months show a weaker link (0.13) than the 3-year average (0.41). Over 5 years the correlation is 0.39, and the annualized covariance of weekly returns is 13337.8 %².
Within QMCO's tracked universe of 13 assets, TNXP comes in at #6 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months QMCO outperformed by 279.3 percentage points (+221.4% for QMCO against -57.9% for TNXP).
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.
QMCO vs TNXP: side by side
| QMCO (Quantum Corporation) | TNXP (Tonix Pharmaceuticals Holding Corp.) | |
|---|---|---|
| 1-year return | +221.4% | -57.9% |
| 5-year return | -80.7% | -100.0% |
| Volatility (ann.) | 196.4% | 164.8% |
| Beta vs S&P 500 | 2.45 | 1.57 |
| Max drawdown (3Y) | -93.9% | -99.8% |
| Market cap | $0.9B | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | QMCO | TNXP |
|---|---|---|
| 2022 | -80.3% | -96.6% |
| 2023 | -67.9% | -83.6% |
| 2024 | +670.3% | -97.4% |
| 2025 | -88.0% | -52.7% |
| 2026 | +265.3% | -13.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QMCO and TNXP good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between QMCO and TNXP?
As of 2026-08-27, the correlation of weekly returns between QMCO and TNXP is 0.41 over 3 years, 0.13 over 1 year and 0.39 over 5 years.
Is TNXP a good diversifier for QMCO?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.41 mean?
On the −1 to +1 scale, 0.41 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/qmco-vs-tnxp.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/qmco-vs-tnxp/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: QMCO correlations · TNXP correlations
