QNST vs TKNO: Correlation
QuinStreet, Inc. (QNST) and Alpha Teknova, Inc. (TKNO) show a moderate relationship: their 3-year correlation of weekly returns is 0.38.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QNST and TKNO?
On 3 years of weekly data the QNST/TKNO correlation comes out at 0.38, moderate. The link has tightened recently: the 1-year correlation (0.49) runs above the 3-year figure (0.38). The 5-year figure is 0.32, and annualized covariance runs at 1958.6 %².
Within QNST's tracked universe of 15 assets, TKNO comes in at #10 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months TKNO outperformed by 42.9 percentage points (+21.4% for QNST against +64.3% for TKNO). One caveat on sizing: TKNO is 2.3 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.
QNST vs TKNO: side by side
| QNST (QuinStreet, Inc.) | TKNO (Alpha Teknova, Inc.) | |
|---|---|---|
| 1-year return | +21.4% | +64.3% |
| 5-year return | +6.2% | -61.5% |
| Volatility (ann.) | 47.9% | 107.9% |
| Beta vs S&P 500 | 1.22 | 1.10 |
| Max drawdown (3Y) | -58.0% | -79.6% |
| Market cap | $1.1B | $0.4B |
| P/E (trailing) | 14.1 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | QNST | TKNO |
|---|---|---|
| 2022 | -21.1% | -72.5% |
| 2023 | -10.7% | -33.9% |
| 2024 | +80.0% | +123.9% |
| 2025 | -37.7% | -54.5% |
| 2026 | +31.5% | +92.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QNST and TKNO good diversifiers for each other?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between QNST and TKNO?
The QNST/TKNO correlation stands at 0.38 on a 3-year window (1 year: 0.49, 5 years: 0.32), computed from weekly returns as of 2026-08-27.
Is TKNO a good diversifier for QNST?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.38 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/qnst-vs-tkno.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/qnst-vs-tkno/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: QNST correlations · TKNO correlations
