QNCX vs STNG: Correlation
Measured on weekly returns over the past three years, Quince Therapeutics, Inc. (QNCX) and Scorpio Tankers Inc. (STNG) 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 QNCX and STNG?
On 3 years of weekly data the QNCX/STNG correlation comes out at -0.22, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.30) sits close to the 3-year figure. The 5-year figure is -0.11, and annualized covariance runs at -892.2 %².
STNG is close to the least connected end of QNCX's tracked universe, ranking #13 of 17. Their recent paths diverged sharply: over the last 12 months STNG outperformed by 147.9 percentage points (-89.6% for QNCX against +58.3% for STNG). Risk is not evenly split, since QNCX carries 3.0 times the volatility of the other side.
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.
QNCX vs STNG: side by side
| QNCX (Quince Therapeutics, Inc.) | STNG (Scorpio Tankers Inc.) | |
|---|---|---|
| 1-year return | -89.6% | +58.3% |
| 5-year return | -99.8% | +454.0% |
| Volatility (ann.) | 111.4% | 36.8% |
| Beta vs S&P 500 | 0.55 | 0.42 |
| Max drawdown (3Y) | -98.2% | -61.0% |
| Market cap | – | $3.9B |
| P/E (trailing) | – | 4.7 |
| Dividend yield | 0.00% | 2.30% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | QNCX | STNG |
|---|---|---|
| 2022 | -95.0% | +325.5% |
| 2023 | +64.8% | +15.4% |
| 2024 | +78.1% | -16.3% |
| 2025 | +79.1% | +5.3% |
| 2026 | -95.1% | +55.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QNCX and STNG 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 QNCX and STNG?
Using weekly returns as of 2026-08-27: -0.22 over 3 years, with -0.30 over the last year and -0.11 over 5 years.
Is STNG a good diversifier for QNCX?
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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/qncx-vs-stng.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qncx-vs-stng/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QNCX correlations · STNG correlations
