D Wave Correlations

QBTS Stock

USD 20.11 1.29 6.03%

The current 90-days correlation between D Wave Quantum and Rigetti Computing is 0.93 (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

Average diversification

The correlation between D Wave Quantum and DJI is 0.19 (i.e., Average 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 poverty.

Moving against QBTS Stock

0.5	VLCN	Volcon Inc Symbol Change	Pair Corr
0.47	JNJ	Johnson Johnson	Pair Corr
0.4	BRK-A	Berkshire Hathaway	Pair Corr
0.35	DSWL	Deswell Industries	Pair Corr
0.31	SYTA	Siyata Mobile Symbol Change	Pair Corr
0.54	CSCO	Cisco Systems Earnings Call This Week	Pair Corr
0.53	VZ	Verizon Communications Aggressive Push	Pair Corr
0.52	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.51	T	ATT Inc Earnings Call Today	Pair Corr
0.42	MCD	McDonalds Earnings Call This Week	Pair Corr
0.38	PG	Procter Gamble	Pair Corr

Related Correlations Analysis

	RGTI	IONQ	PCOR	QXO	SAIL	GTM	DAY	JKHY	SWKS	MTSI
RGTI		0.9	0.46	-0.48	0.54	0.73	-0.74	-0.68	0.82	-0.55	RGTI
IONQ	0.9		0.58	-0.23	0.64	0.73	-0.59	-0.4	0.74	-0.41	IONQ
PCOR	0.46	0.58		-0.36	0.8	0.8	-0.36	-0.11	0.64	-0.67	PCOR
QXO	-0.48	-0.23	-0.36		-0.19	-0.33	0.76	0.81	-0.59	0.74	QXO
SAIL	0.54	0.64	0.8	-0.19		0.83	-0.29	-0.08	0.72	-0.63	SAIL
GTM	0.73	0.73	0.8	-0.33	0.83		-0.48	-0.33	0.76	-0.73	GTM
DAY	-0.74	-0.59	-0.36	0.76	-0.29	-0.48		0.77	-0.66	0.54	DAY
JKHY	-0.68	-0.4	-0.11	0.81	-0.08	-0.33	0.77		-0.6	0.57	JKHY
SWKS	0.82	0.74	0.64	-0.59	0.72	0.76	-0.66	-0.6		-0.72	SWKS
MTSI	-0.55	-0.41	-0.67	0.74	-0.63	-0.73	0.54	0.57	-0.72		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

IONQ	+ 0.9	RGTI
GTM	+ 0.83	SAIL
SWKS	+ 0.82	RGTI
JKHY	+ 0.81	QXO
SAIL	+ 0.8	PCOR
GTM	+ 0.8	PCOR

High negative correlations

DAY	- 0.74	RGTI
MTSI	- 0.73	GTM
MTSI	- 0.72	SWKS
JKHY	- 0.68	RGTI
MTSI	- 0.67	PCOR
SWKS	- 0.66	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	4.78	(1.08)	0.00	(0.51)	0.00	0.00	9.05	(10.07)	25.25
IONQ	4.30	(0.61)	0.00	(0.51)	0.00	0.00	7.81	(8.50)	21.06
PCOR	1.85	(0.53)	0.00	(0.50)	0.00	0.00	2.53	(4.73)	19.25
QXO	2.72	0.25	0.13	0.13	2.45	(3.69)	5.47	(3.95)	22.99
SAIL	2.34	(0.61)	0.00	(0.35)	0.00	0.00	3.80	(6.81)	12.91
GTM	2.06	(0.71)	0.00	(0.53)	0.00	0.00	4.11	(5.69)	16.16
DAY	0.14	0.02	(0.13)	0.47	0.00	(0.18)	0.29	(0.25)	0.93
JKHY	1.08	0.13	0.07	0.21	1.55	(1.13)	2.26	(1.97)	7.13
SWKS	1.60	(0.55)	0.00	(0.30)	0.00	0.00	2.32	(5.16)	13.39
MTSI	2.29	0.60	0.22	0.71	2.19	(2.59)	4.93	(4.20)	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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