Quantumscape Corp Correlations

QS Stock

USD 14.64 1.04 7.65%

The current 90-days correlation between Quantumscape Corp and Mobileye Global Class is 0.18 (i.e., Average diversification). The correlation of Quantumscape Corp is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Quantumscape Corp Correlation With Market

Significant diversification

The correlation between Quantumscape Corp and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Quantumscape Corp and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Quantumscape Stock

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Quantumscape Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

For more information on how to buy Quantumscape Stock please use our How to Invest in Quantumscape Corp guide.

Moving together with Quantumscape Stock

0.71	F	Ford Motor Earnings Call This Week	Pair Corr
0.75	GM	General Motors Earnings Call Tomorrow	Pair Corr
0.85	VC	Visteon Corp Earnings Call This Week	Pair Corr
0.81	VLCN	Volcon Inc Trending	Pair Corr
0.73	WKHS	Workhorse Group	Pair Corr
0.79	WKSP	Worksport	Pair Corr
0.85	FFAI	Faraday Future Intel Symbol Change	Pair Corr
0.74	FLYE	Fly E Group,	Pair Corr
0.65	ALV	Autoliv	Pair Corr
0.69	H	Hyatt Hotels Earnings Call This Week	Pair Corr
0.7	W	Wayfair	Pair Corr
0.65	AN	AutoNation	Pair Corr
0.64	BC	Brunswick Earnings Call This Week	Pair Corr
0.74	BH	Biglari Holdings	Pair Corr
0.62	BQ	Boqii Holding Limited	Pair Corr
0.65	EM	Smart Share Global	Pair Corr

Moving against Quantumscape Stock

0.63	TM	Toyota Motor	Pair Corr
0.42	ECDA	ECD Automotive Design	Pair Corr
0.42	EVTV	Envirotech Vehicles	Pair Corr
0.37	MULN	Mullen Automotive	Pair Corr
0.56	DOGZ	Dogness International	Pair Corr
0.38	JD	JD Inc Adr Aggressive Push	Pair Corr
0.33	SG	Sweetgreen	Pair Corr

Related Correlations Analysis

	MBLY	INVZ	AEVA	HYLN	LAZR	HSAI	KNDI	WPRT	LIDR
MBLY		0.65	0.77	-0.04	-0.37	0.81	-0.15	0.31	0.56	MBLY
INVZ	0.65		0.89	-0.16	-0.68	0.73	-0.03	0.79	0.89	INVZ
AEVA	0.77	0.89		-0.23	-0.76	0.76	-0.29	0.56	0.8	AEVA
HYLN	-0.04	-0.16	-0.23		0.27	-0.15	0.36	0.01	-0.13	HYLN
LAZR	-0.37	-0.68	-0.76	0.27		-0.47	0.57	-0.44	-0.67	LAZR
HSAI	0.81	0.73	0.76	-0.15	-0.47		-0.2	0.52	0.72	HSAI
KNDI	-0.15	-0.03	-0.29	0.36	0.57	-0.2		0.17	-0.08	KNDI
WPRT	0.31	0.79	0.56	0.01	-0.44	0.52	0.17		0.79	WPRT
LIDR	0.56	0.89	0.8	-0.13	-0.67	0.72	-0.08	0.79		LIDR
	MBLY	INVZ	AEVA	HYLN	LAZR	HSAI	KNDI	WPRT	LIDR

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

AEVA	+ 0.89	INVZ
LIDR	+ 0.89	INVZ
HSAI	+ 0.81	MBLY
LIDR	+ 0.8	AEVA
WPRT	+ 0.79	INVZ
LIDR	+ 0.79	WPRT

High negative correlations

LAZR	- 0.76	AEVA
LAZR	- 0.68	INVZ
LIDR	- 0.67	LAZR
HSAI	- 0.47	LAZR
WPRT	- 0.44	LAZR
LAZR	- 0.37	MBLY

Risk-Adjusted Indicators

There is a big difference between Quantumscape Stock performing well and Quantumscape Corp Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Quantumscape Corp's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
MBLY	2.78	0.18	0.09	0.24	2.62	(3.23)	9.32	(4.32)	18.63
INVZ	4.88	1.58	0.38	0.78	3.34	(6.17)	17.95	(6.62)	29.76
AEVA	6.28	2.23	0.28	0.87	6.88	(7.04)	15.05	(10.77)	42.39
HYLN	4.99	0.51	0.09	0.62	5.47	(5.65)	8.57	(7.59)	58.97
LAZR	4.10	(0.45)	0.00	(0.15)	0.00	0.00	10.58	(7.98)	30.92
HSAI	4.63	0.76	0.17	0.62	4.26	(5.39)	12.75	(7.76)	28.55
KNDI	2.62	(0.18)	(0.01)	0.04	2.71	(3.85)	6.19	(5.08)	19.37
WPRT	2.10	0.34	0.13	0.60	2.08	(2.61)	4.66	(3.72)	12.93
LIDR	4.83	0.85	0.17	0.63	4.90	(5.90)	14.44	(7.62)	27.62

Quantumscape Corp Corporate Management

Susan Huppertz	Director	Profile
Jeneanne Hanley	Director	Profile
J Straubel	Independent Director	Profile
Pr Prinz	Chief CoFounder	Profile
Gena Lovett	Director	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC