QNME vs SCI: Correlation
How closely do Quanome Technologies, Inc. (QNME) and Service Corporation International (SCI) trade together? Their weekly returns over three years give a correlation of -0.32, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QNME and SCI?
On 3 years of weekly data the QNME/SCI correlation comes out at -0.32, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.33 over 1 year against -0.32 over 3. The 5-year figure is n/a, and annualized covariance runs at -894.1 %².
SCI is close to the least connected end of QNME's tracked universe, ranking #9 of 10. Their recent paths diverged sharply: over the last 12 months SCI outperformed by 71.0 percentage points (-64.5% for QNME against +6.5% for SCI). Note the risk asymmetry: QNME runs 5.0 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.
QNME vs SCI: side by side
| QNME (Quanome Technologies, Inc.) | SCI (Service Corporation International) | |
|---|---|---|
| 1-year return | -64.5% | +6.5% |
| 5-year return | n/a | +44.7% |
| Volatility (ann.) | 118.3% | 23.6% |
| Beta vs S&P 500 | 0.91 | 0.47 |
| Max drawdown (3Y) | -93.7% | -21.6% |
| Market cap | – | $11.4B |
| P/E (trailing) | – | 21.8 |
| Dividend yield | 0.00% | 1.59% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | QNME | SCI |
|---|---|---|
| 2022 | – | -1.0% |
| 2023 | – | +0.7% |
| 2024 | – | +18.4% |
| 2025 | -64.4% | -0.7% |
| 2026 | -65.7% | +8.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QNME and SCI good diversifiers for each other?
By historical standards, yes. A correlation of -0.32 means the two rarely move for the same reasons.
FAQ
What is the correlation between QNME and SCI?
The QNME/SCI correlation stands at -0.32 on a 3-year window (1 year: -0.33, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is SCI a good diversifier for QNME?
By historical standards, yes. A correlation of -0.32 means the two rarely move for the same reasons.
What does a correlation of -0.32 mean?
A reading of -0.32 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/qnme-vs-sci.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qnme-vs-sci/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: QNME correlations · SCI correlations
