D Wave Correlations

QBTS Stock

USD 18.78 1.36 6.75%

The current 90-days correlation between D Wave Quantum and Rigetti Computing is 0.94 (i.e., Almost no diversification). The correlation of D Wave 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.

D Wave Correlation With Market

Good diversification

The correlation between D Wave Quantum and DJI is -0.18 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding D Wave Quantum and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with QBTS Stock

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

Moving together with QBTS Stock

0.68	KE	Kimball Electronics	Pair Corr
0.77	EBON	Ebang International	Pair Corr
0.7	OTK	Otsuka	Pair Corr
0.85	EVLV	Evolv Technologies	Pair Corr
0.87	WRAP	Wrap Technologies	Pair Corr

Moving against QBTS Stock

0.74	PJJ1	CHINA DISPLAY OTHHD	Pair Corr
0.7	LFS	Littelfuse	Pair Corr
0.64	KN	Knowles Cor	Pair Corr
0.61	PRHA	Prosegur Compaa de	Pair Corr
0.6	PX4	Plexus Corp	Pair Corr
0.57	Q	Qnity Electronics Tech Boost	Pair Corr
0.5	AN1	Anritsu	Pair Corr
0.48	DSWL	Deswell Industries	Pair Corr
0.34	MQR1	MULTI CHEM LTD	Pair Corr
0.74	VNI	Avnet Inc	Pair Corr
0.7	BRV	Brady	Pair Corr
0.57	MKT	MKS Instruments	Pair Corr
0.49	H7B	COHERENT CORP	Pair Corr
0.47	SATLW	Satellogic Warrant	Pair Corr
0.44	BAERW	Bridger Aerospace	Pair Corr
0.34	MUR1	Murata Manufacturing	Pair Corr
0.75	AVT	Avnet Inc	Pair Corr
0.74	ARW	Arrow Electronics	Pair Corr
0.73	BHE	Benchmark Electronics	Pair Corr
0.68	BDC	Belden Inc	Pair Corr
0.4	MLI	MESA LABS INC	Pair Corr
0.36	TDKA	TDK Corporation	Pair Corr

Related Correlations Analysis

	RGTI	IONQ	PCOR	QXO	SAIL	GTM	DAY	JKHY	SWKS	MTSI
RGTI		0.97	0.93	-0.5	0.83	0.9	-0.53	0.72	0.5	-0.76	RGTI
IONQ	0.97		0.92	-0.42	0.85	0.91	-0.4	0.8	0.43	-0.72	IONQ
PCOR	0.93	0.92		-0.58	0.94	0.97	-0.58	0.73	0.6	-0.89	PCOR
QXO	-0.5	-0.42	-0.58		-0.45	-0.52	0.68	-0.24	-0.5	0.72	QXO
SAIL	0.83	0.85	0.94	-0.45		0.93	-0.49	0.77	0.59	-0.86	SAIL
GTM	0.9	0.91	0.97	-0.52	0.93		-0.53	0.83	0.47	-0.88	GTM
DAY	-0.53	-0.4	-0.58	0.68	-0.49	-0.53		-0.16	-0.65	0.65	DAY
JKHY	0.72	0.8	0.73	-0.24	0.77	0.83	-0.16		0.13	-0.59	JKHY
SWKS	0.5	0.43	0.6	-0.5	0.59	0.47	-0.65	0.13		-0.61	SWKS
MTSI	-0.76	-0.72	-0.89	0.72	-0.86	-0.88	0.65	-0.59	-0.61		MTSI
	RGTI	IONQ	PCOR	QXO	SAIL	GTM	DAY	JKHY	SWKS	MTSI

Please upgrade your account to get full access to Macroaxis premium features

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	+ 0.97	RGTI
GTM	+ 0.97	PCOR
SAIL	+ 0.94	PCOR
PCOR	+ 0.93	RGTI
GTM	+ 0.93	SAIL
PCOR	+ 0.92	IONQ

High negative correlations

MTSI	- 0.89	PCOR
MTSI	- 0.88	GTM
MTSI	- 0.86	SAIL
MTSI	- 0.76	RGTI
MTSI	- 0.72	IONQ
SWKS	- 0.65	DAY

Risk-Adjusted Indicators

There is a big difference between QBTS Stock performing well and D Wave 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 D Wave'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
RGTI	4.77	(0.52)	0.00	(0.09)	0.00	0.00	12.63	(8.76)	28.29
IONQ	4.67	(0.15)	(0.01)	0.02	5.36	(5.03)	12.11	(8.14)	26.45
PCOR	2.12	(0.46)	0.00	(0.24)	0.00	0.00	4.15	(6.65)	15.96
QXO	2.88	0.38	0.18	0.21	2.64	(3.74)	5.46	(4.21)	27.19
SAIL	2.54	(0.50)	0.00	(0.24)	0.00	0.00	4.02	(6.81)	15.18
GTM	2.24	(0.74)	0.00	(0.33)	0.00	0.00	4.11	(6.51)	17.95
DAY	0.15	0.02	(0.36)	2.33	0.00	(0.19)	0.29	(0.25)	0.93
JKHY	1.21	(0.12)	0.00	(0.09)	0.00	0.00	2.39	(2.26)	9.90
SWKS	1.52	(0.14)	0.00	(0.03)	0.00	0.00	2.87	(4.47)	13.39
MTSI	1.96	0.67	0.25	1.41	1.79	(2.23)	4.87	(3.81)	18.12

D Wave Corporate Management

Diane Nguyen	General Secretary	Profile
Michelle Maggs	Senior Marketing	Profile
Mohammad Amin	Principal Scientist	Profile
Trevor Lanting	Algorithms Software	Profile
John Markovich	Chief Officer	Profile
Victoria Brydon	VP Excellence	Profile
Michele Macready	Algorithms, Software	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

2026 Macroaxis LLC