SPCB vs ZSQR: Correlation
SuperCom, Ltd. (SPCB) and Z Squared Inc. (ZSQR) show a moderate relationship: their 3-year correlation of weekly returns is 0.32.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SPCB and ZSQR?
On 3 years of weekly data the SPCB/ZSQR correlation comes out at 0.32, moderate. Little has changed lately, as the 1-year reading of 0.25 lands near the 3-year figure. The 5-year figure is 0.27, and annualized covariance runs at 3798.7 %².
Within SPCB's tracked universe of 14 assets, ZSQR comes in at #8 by 3-year correlation. The last year tells two different stories: SPCB led by 80.3 percentage points, +12.1% for SPCB against -68.2% for ZSQR.
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.
SPCB vs ZSQR: side by side
| SPCB (SuperCom, Ltd.) | ZSQR (Z Squared Inc.) | |
|---|---|---|
| 1-year return | +12.1% | -68.2% |
| 5-year return | -95.6% | -97.9% |
| Volatility (ann.) | 119.2% | 98.5% |
| Beta vs S&P 500 | 1.19 | 0.28 |
| Max drawdown (3Y) | -84.7% | -89.7% |
| Market cap | $0.1B | $0.2B |
| P/E (trailing) | 14.4 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SPCB | ZSQR |
|---|---|---|
| 2022 | -68.2% | -84.7% |
| 2023 | -78.1% | -48.8% |
| 2024 | -38.2% | -64.9% |
| 2025 | +87.8% | +159.1% |
| 2026 | +12.9% | -70.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SPCB and ZSQR good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.32 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between SPCB and ZSQR?
As of 2026-08-27, the correlation of weekly returns between SPCB and ZSQR is 0.32 over 3 years, 0.25 over 1 year and 0.27 over 5 years.
Is ZSQR a good diversifier for SPCB?
Yes, to a useful degree: a correlation of 0.32 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.32 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
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Related comparisons
Hubs: SPCB correlations · ZSQR correlations
