Correlation Between Markforged Holding and Quantum

Can any of the company-specific risk be diversified away by investing in both Markforged Holding and Quantum at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining Markforged Holding and Quantum into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between Markforged Holding Corp and Quantum, you can compare the effects of market volatilities on Markforged Holding and Quantum and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in Markforged Holding with a short position of Quantum. Check out your portfolio center. Please also check ongoing floating volatility patterns of Markforged Holding and Quantum.

Diversification Opportunities for Markforged Holding and Quantum

-0.62

Correlation Coefficient

Markforged Holding  Quantum

Excellent diversification

The 3 months correlation between Markforged and Quantum is -0.62. Overlapping area represents the amount of risk that can be diversified away by holding Markforged Holding Corp and Quantum in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Quantum and Markforged Holding is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on Markforged Holding Corp are associated (or correlated) with Quantum. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Quantum has no effect on the direction of Markforged Holding i.e., Markforged Holding and Quantum go up and down completely randomly.

Pair Corralation between Markforged Holding and Quantum

If you would invest  474.00  in Markforged Holding Corp on May 7, 2025 and sell it today you would earn a total of  0.00  from holding Markforged Holding Corp or generate 0.0% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Moves Against
Strength	Weak
Accuracy	1.64%
Values	Daily Returns

Markforged Holding Corp  vs.  Quantum

Markforged Holding Corp

Risk-Adjusted Performance

Very Weak

Over the last 90 days Markforged Holding Corp has generated negative risk-adjusted returns adding no value to investors with long positions. Despite nearly stable technical and fundamental indicators, Markforged Holding is not utilizing all of its potentials. The newest stock price disturbance, may contribute to mid-run losses for the stockholders.

Quantum

Risk-Adjusted Performance

Very Weak

Over the last 90 days Quantum has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of uncertain performance in the last few months, the Stock's fundamental indicators remain very healthy which may send shares a bit higher in September 2025. The recent disarray may also be a sign of long period up-swing for the firm investors.

Pair Trading with Markforged Holding and Quantum

The main advantage of trading using opposite Markforged Holding and Quantum positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Markforged Holding position performs unexpectedly, Quantum can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Quantum will offset losses from the drop in Quantum's long position.

The idea behind Markforged Holding Corp and Quantum pairs trading is to make the combined position market-neutral, meaning the overall market's direction will not affect its win or loss (or potential downside or upside). This can be achieved by designing a pairs trade with two highly correlated stocks or equities that operate in a similar space or sector, making it possible to obtain profits through simple and relatively low-risk investment.

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Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.