QTEX vs VRRM: Correlation
QTREX Quantum Ltd. (QTEX) and Verra Mobility Corporation (VRRM) show a negative relationship: their 3-year correlation of weekly returns is -0.61.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QTEX and VRRM?
On 3 years of weekly data the QTEX/VRRM correlation comes out at -0.61, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.74) than the 3-year average (-0.61). The 5-year figure is -0.48, and annualized covariance runs at -6660.3 %².
Among the 10 assets we track against QTEX, VRRM sits near the bottom by co-movement, at rank #10. Their recent paths diverged sharply: over the last 12 months QTEX outperformed by 55.4 percentage points (-27.2% for QTEX against -82.6% for VRRM). One caveat on sizing: QTEX is 4.2 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.
QTEX vs VRRM: side by side
| QTEX (QTREX Quantum Ltd.) | VRRM (Verra Mobility Corporation) | |
|---|---|---|
| 1-year return | -27.2% | -82.6% |
| 5-year return | -75.2% | -71.6% |
| Volatility (ann.) | 214.5% | 50.8% |
| Beta vs S&P 500 | 2.83 | 0.33 |
| Max drawdown (3Y) | -86.9% | -87.5% |
| Market cap | $0.1B | $0.7B |
| P/E (trailing) | – | 16.3 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | QTEX | VRRM |
|---|---|---|
| 2022 | -69.0% | -10.4% |
| 2023 | -17.8% | +66.5% |
| 2024 | -3.8% | +5.0% |
| 2025 | -11.8% | -7.3% |
| 2026 | -6.2% | -80.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QTEX and VRRM good diversifiers for each other?
Yes: at -0.61, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between QTEX and VRRM?
As of 2026-08-27, the correlation of weekly returns between QTEX and VRRM is -0.61 over 3 years, -0.74 over 1 year and -0.48 over 5 years.
Is VRRM a good diversifier for QTEX?
Yes: at -0.61, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.61 mean?
On the −1 to +1 scale, -0.61 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/qtex-vs-vrrm.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/qtex-vs-vrrm/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QTEX correlations · VRRM correlations
