QNBC vs SNES: Correlation
Measured on weekly returns over the past three years, QNB Corp. (QNBC) and SenesTech, Inc. (SNES) carry a correlation of -0.20, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QNBC and SNES?
On 3 years of weekly data the QNBC/SNES correlation comes out at -0.20, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.14 over 1 year against -0.20 over 3. The 5-year figure is -0.14, and annualized covariance runs at -350.0 %².
Among the 19 assets we track against QNBC, SNES ranks #13 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months QNBC outperformed by 108.0 percentage points (+31.3% for QNBC against -76.7% for SNES). One caveat on sizing: SNES is 6.1 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
QNBC vs SNES: side by side
| QNBC (QNB Corp.) | SNES (SenesTech, Inc.) | |
|---|---|---|
| 1-year return | +31.3% | -76.7% |
| 5-year return | +50.2% | -100.0% |
| Volatility (ann.) | 17.1% | 104.7% |
| Beta vs S&P 500 | -0.03 | 1.31 |
| Max drawdown (3Y) | -12.1% | -98.5% |
| Market cap | $0.3B | – |
| P/E (trailing) | 13.4 | – |
| Dividend yield | 3.43% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | QNBC | SNES |
|---|---|---|
| 2022 | -23.3% | -84.2% |
| 2023 | +4.7% | -96.6% |
| 2024 | +37.9% | -73.9% |
| 2025 | +7.7% | -35.3% |
| 2026 | +31.2% | -48.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QNBC and SNES good diversifiers for each other?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between QNBC and SNES?
The QNBC/SNES correlation stands at -0.20 on a 3-year window (1 year: -0.14, 5 years: -0.14), computed from weekly returns as of 2026-08-27.
Is SNES a good diversifier for QNBC?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.20 mean?
On the −1 to +1 scale, -0.20 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/qnbc-vs-snes.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/qnbc-vs-snes/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QNBC correlations · SNES correlations
