D Wave Correlations

QBTS Stock

USD 30.64 2.51 8.92%

The current 90-days correlation between D Wave Quantum and Rigetti Computing is 0.09 (i.e., Significant 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 -0.13 (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 persons.

Moving together with QBTS Stock

0.68	000938	Unisplendour Corp	Pair Corr
0.62	ARW	Arrow Electronics	Pair Corr
0.66	300296	Leyard Optoelectronic	Pair Corr
0.75	LPL	LG Display	Pair Corr
0.71	VSH	Vishay Intertechnology	Pair Corr
0.68	301379	Techshine Electronics	Pair Corr
0.67	ZBRA	Zebra Technologies	Pair Corr
0.79	KULR	KULR Technology Group Buyout Trend	Pair Corr
0.69	LINK	Interlink Electronics	Pair Corr
0.66	300657	XiaMen HongXin Electron	Pair Corr

Moving against QBTS Stock

0.59	BHE	Benchmark Electronics	Pair Corr
0.35	002175	Oriental Times Media	Pair Corr
0.55	000829	Telling Telecommunicatio	Pair Corr
0.54	TTG	TT Electronics Plc	Pair Corr
0.37	300076	Ningbo GQY Video	Pair Corr

Related Correlations Analysis

	RGTI	IONQ	PCOR	QXO	SAIL	GTM	DAY	JKHY	SWKS	MTSI
RGTI		0.83	-0.23	-0.23	0.65	0.51	-0.83	-0.79	0.78	-0.8	RGTI
IONQ	0.83		-0.16	-0.08	0.71	0.41	-0.66	-0.71	0.63	-0.73	IONQ
PCOR	-0.23	-0.16		0.2	-0.04	0.12	0.17	0.21	-0.08	0.47	PCOR
QXO	-0.23	-0.08	0.2		0.3	-0.17	0.52	0.62	-0.12	0.37	QXO
SAIL	0.65	0.71	-0.04	0.3		0.47	-0.5	-0.4	0.59	-0.54	SAIL
GTM	0.51	0.41	0.12	-0.17	0.47		-0.49	-0.54	0.75	-0.4	GTM
DAY	-0.83	-0.66	0.17	0.52	-0.5	-0.49		0.84	-0.64	0.73	DAY
JKHY	-0.79	-0.71	0.21	0.62	-0.4	-0.54	0.84		-0.63	0.86	JKHY
SWKS	0.78	0.63	-0.08	-0.12	0.59	0.75	-0.64	-0.63		-0.55	SWKS
MTSI	-0.8	-0.73	0.47	0.37	-0.54	-0.4	0.73	0.86	-0.55		MTSI
	RGTI	IONQ	PCOR	QXO	SAIL	GTM	DAY	JKHY	SWKS	MTSI

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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

MTSI	+ 0.86	JKHY
JKHY	+ 0.84	DAY
IONQ	+ 0.83	RGTI
SWKS	+ 0.78	RGTI
SWKS	+ 0.75	GTM
MTSI	+ 0.73	DAY

High negative correlations

DAY	- 0.83	RGTI
MTSI	- 0.8	RGTI
JKHY	- 0.79	RGTI
MTSI	- 0.73	IONQ
JKHY	- 0.71	IONQ
DAY	- 0.66	IONQ

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	6.05	(0.24)	(0.01)	0.00	6.86	(6.68)	13.16	(10.45)	39.88
IONQ	4.92	(0.52)	0.00	0.57	0.00	0.00	11.10	(9.00)	30.56
PCOR	1.69	(0.03)	0.00	0.05	2.43	(1.62)	3.34	(3.71)	14.37
QXO	2.77	0.15	0.11	0.12	2.63	(3.53)	6.51	(5.83)	15.36
SAIL	2.25	(0.18)	0.00	(2.78)	0.00	0.00	3.88	(6.33)	12.06
GTM	1.67	(0.08)	(0.03)	0.01	2.20	(1.85)	3.87	(4.50)	10.86
DAY	0.12	(0.01)	(0.39)	(0.01)	0.14	(0.15)	0.29	(0.25)	0.67
JKHY	0.93	0.29	0.22	1.11	0.67	(1.08)	2.03	(1.40)	7.13
SWKS	1.67	(0.35)	0.00	(0.11)	0.00	0.00	3.49	(3.83)	12.04
MTSI	2.27	0.51	0.13	(2.33)	2.78	(2.48)	4.87	(4.73)	18.11

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

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