IONQ Correlations

IONQ Stock

USD 30.78 1.12 3.51%

The current 90-days correlation between IONQ Inc and Logitech International SA is 0.22 (i.e., Modest diversification). The correlation of IONQ 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.

IONQ Correlation With Market

Very good diversification

The correlation between IONQ Inc and DJI is -0.4 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding IONQ Inc and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with IONQ Stock

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in IONQ Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in inflation.

Moving together with IONQ Stock

0.69	HPQ	HP Inc Earnings Call Today	Pair Corr
0.85	FWDI	Forward Industries Symbol Change	Pair Corr
0.82	XRX	Xerox Corp	Pair Corr
0.7	ALDRV	Drone Volt SA	Pair Corr
0.65	LOGI	Logitech International	Pair Corr
0.65	LOGN	Logitech International	Pair Corr
0.62	PMTS	CPI Card Group Normal Trading	Pair Corr
0.83	QMCO	Quantum	Pair Corr

Moving against IONQ Stock

0.84	AL2SI	2CRSI SA	Pair Corr
0.74	STX	Seagate Technology PLC	Pair Corr
0.72	WDC	Western Digital	Pair Corr
0.5	MOVE	Movano Inc	Pair Corr
0.76	SNDK	Sandisk Corp Symbol Change	Pair Corr
0.56	ELMN	Elma Electronic AG	Pair Corr
0.53	NNDM	Nano Dimension	Pair Corr
0.52	ALOT	AstroNova	Pair Corr
0.48	MUB	Mühlbauer Holding	Pair Corr
0.44	SSYS	Stratasys	Pair Corr
0.35	YAB2	Global UAV Technologies	Pair Corr
0.32	WBT	Weebit Nano Earnings Call This Week	Pair Corr
0.31	ALORD	Ordissimo	Pair Corr

Related Correlations Analysis

	LOGI	QBTS	RGTI	U	FTV	IT	GEN	CPAY
LOGI		0.33	0.74	0.65	-0.46	0.51	0.75	-0.61	LOGI
QBTS	0.33		0.79	0.82	-0.28	0.77	0.7	-0.16	QBTS
RGTI	0.74	0.79		0.9	-0.62	0.82	0.81	-0.55	RGTI
U	0.65	0.82	0.9		-0.52	0.93	0.89	-0.47	U
FTV	-0.46	-0.28	-0.62	-0.52		-0.64	-0.39	0.8	FTV
IT	0.51	0.77	0.82	0.93	-0.64		0.83	-0.56	IT
GEN	0.75	0.7	0.81	0.89	-0.39	0.83		-0.44	GEN
CPAY	-0.61	-0.16	-0.55	-0.47	0.8	-0.56	-0.44		CPAY
	LOGI	QBTS	RGTI	U	FTV	IT	GEN	CPAY

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

IT	+ 0.93	U
U	+ 0.9	RGTI
GEN	+ 0.89	U
GEN	+ 0.83	IT
U	+ 0.82	QBTS
IT	+ 0.82	RGTI

High negative correlations

IT	- 0.64	FTV
FTV	- 0.62	RGTI
CPAY	- 0.61	LOGI
CPAY	- 0.56	IT
CPAY	- 0.55	RGTI
FTV	- 0.52	U

Risk-Adjusted Indicators

There is a big difference between IONQ Stock performing well and IONQ 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 IONQ'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
LOGI	1.68	(0.42)	0.00	(0.28)	0.00	0.00	2.86	(5.11)	11.25
QBTS	5.34	(0.33)	0.00	(0.04)	0.00	0.00	13.23	(9.04)	34.44
RGTI	4.70	(0.65)	0.00	(0.17)	0.00	0.00	12.63	(8.94)	28.29
U	3.67	(1.13)	0.00	(0.38)	0.00	0.00	7.12	(8.22)	35.96
FTV	1.37	0.12	0.07	0.16	1.75	(1.50)	3.05	(2.92)	15.82
IT	2.09	(0.52)	0.00	0.75	0.00	0.00	3.22	(4.89)	26.20
GEN	1.44	(0.36)	0.00	(0.18)	0.00	0.00	2.15	(3.84)	12.64
CPAY	1.95	0.21	0.10	0.18	2.19	(2.14)	4.46	(4.15)	18.86

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

2026 Macroaxis LLC