Quantum Computing Correlations

QUBT Stock

USD 4.76 1.08 29.35%

The current 90-days correlation between Quantum Computing and D Wave Quantum is 0.6 (i.e., Poor diversification). The correlation of Quantum Computing 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.

Quantum Computing Correlation With Market

Significant diversification

The correlation between Quantum Computing and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Quantum Computing and DJI in the same portfolio, assuming nothing else is changed.

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

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

Moving together with Quantum Stock

0.71	EBON	Ebang International	Pair Corr
0.76	SSYS	Stratasys	Pair Corr
0.64	CSCO	Cisco Systems	Pair Corr
0.68	ZD	Ziff Davis	Pair Corr
0.63	ENFN	Enfusion	Pair Corr
0.77	ANY	Sphere 3D Corp	Pair Corr
0.73	CRM	Salesforce Earnings Call This Week	Pair Corr
0.71	NOW	ServiceNow Fiscal Year End 22nd of January 2025	Pair Corr
0.8	KLTR	Kaltura	Pair Corr

Moving against Quantum Stock

0.76	ENPH	Enphase Energy	Pair Corr
0.73	VRRM	Verra Mobility Corp	Pair Corr
0.58	ENLV	Enlivex Therapeutics	Pair Corr
0.4	NTIP	Network 1 Technologies	Pair Corr
0.8	VHC	VirnetX Holding Corp	Pair Corr
0.59	FSLR	First Solar	Pair Corr
0.44	FRGT	Freight Technologies	Pair Corr
0.68	OLED	Universal Display	Pair Corr
0.67	NXPL	Nextplat Corp	Pair Corr
0.66	PSFE	Paysafe	Pair Corr
0.51	PALT	Paltalk	Pair Corr

Related Correlations Analysis

	QBTS	IONQ	QMCO	DM	RGTI	STRC	RCAT	SMCI	CRCT	SSYS
QBTS		0.92	0.3	-0.26	0.86	-0.73	0.71	-0.68	-0.49	0.78	QBTS
IONQ	0.92		0.34	-0.06	0.89	-0.82	0.75	-0.75	-0.36	0.71	IONQ
QMCO	0.3	0.34		0.3	0.62	-0.22	-0.07	0.04	0.26	0.14	QMCO
DM	-0.26	-0.06	0.3		-0.03	0.03	-0.22	0.07	0.73	-0.28	DM
RGTI	0.86	0.89	0.62	-0.03		-0.73	0.52	-0.62	-0.25	0.56	RGTI
STRC	-0.73	-0.82	-0.22	0.03	-0.73		-0.67	0.8	0.37	-0.57	STRC
RCAT	0.71	0.75	-0.07	-0.22	0.52	-0.67		-0.54	-0.54	0.68	RCAT
SMCI	-0.68	-0.75	0.04	0.07	-0.62	0.8	-0.54		0.37	-0.48	SMCI
CRCT	-0.49	-0.36	0.26	0.73	-0.25	0.37	-0.54	0.37		-0.33	CRCT
SSYS	0.78	0.71	0.14	-0.28	0.56	-0.57	0.68	-0.48	-0.33		SSYS
	QBTS	IONQ	QMCO	DM	RGTI	STRC	RCAT	SMCI	CRCT	SSYS

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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

IONQ	+ 0.92	QBTS
RGTI	+ 0.89	IONQ
RGTI	+ 0.86	QBTS
SMCI	+ 0.8	STRC
SSYS	+ 0.78	QBTS
RCAT	+ 0.75	IONQ

High negative correlations

STRC	- 0.82	IONQ
SMCI	- 0.75	IONQ
STRC	- 0.73	RGTI
STRC	- 0.73	QBTS
SMCI	- 0.68	QBTS
RCAT	- 0.67	STRC

Risk-Adjusted Indicators

There is a big difference between Quantum Stock performing well and Quantum Computing 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 Quantum Computing'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
QBTS	5.20	0.83	0.20	0.38	4.30	(7.43)	12.63	(6.93)	41.50
IONQ	5.59	2.17	0.41	0.95	4.15	(6.48)	16.30	(6.53)	47.83
QMCO	5.68	(0.62)	0.00	(0.09)	0.00	0.00	13.91	(9.76)	51.59
DM	1.74	0.08	0.00	1.30	2.28	(1.95)	3.69	(3.95)	21.58
RGTI	5.20	0.66	0.17	0.29	4.45	(6.84)	15.32	(8.13)	31.98
STRC	5.00	(0.55)	0.00	(2.46)	0.00	0.00	12.89	(9.77)	54.79
RCAT	5.69	1.36	0.24	2.42	4.93	(7.40)	13.75	(8.36)	29.03
SMCI	5.21	(0.85)	0.00	0.83	0.00	0.00	12.25	(12.18)	48.46
CRCT	2.16	(0.09)	0.00	0.41	0.00	0.00	4.30	(5.75)	20.08
SSYS	3.01	0.18	0.08	0.18	3.00	(3.66)	9.26	(4.95)	25.45

Quantum Computing Corporate Management

Christopher Boehmler	Chief Officer	Profile
Yong Sua	Chief Officer	Profile
Christopher Roberts	Treasurer Counsel	Profile
William McGann	Chief Officer	Profile
Chris Boehmler	Chief Officer	Profile
Rebel Brown	Vice Marketing	Profile

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