Quantum Correlations

QMCO Stock

USD 6.98 0.13 1.90%

The current 90-days correlation between Quantum and Ageagle Aerial Systems is 0.45 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Quantum moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Quantum moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Quantum Correlation With Market

Very good diversification

The correlation between Quantum and DJI is -0.26 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Quantum and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Quantum Stock

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in 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 unemployment.

To learn how to invest in Quantum Stock, please use our How to Invest in Quantum guide.

Moving together with Quantum Stock

0.76	HPQ	HP Inc	Pair Corr
0.69	PMTS	CPI Card Group	Pair Corr

Moving against Quantum Stock

0.71	PPERY	Bank Mandiri Persero	Pair Corr
0.53	SBSW	Sibanye Gold	Pair Corr
0.52	FTCI	FTC Solar	Pair Corr
0.49	DCI	Donaldson	Pair Corr
0.47	AEM	Agnico Eagle Mines	Pair Corr
0.45	BKKLY	Bangkok Bank PCL	Pair Corr
0.42	MBFJF	Mitsubishi UFJ Financial	Pair Corr
0.4	MARUF	Marubeni	Pair Corr
0.37	CNOB	ConnectOne Bancorp Earnings Call This Week	Pair Corr
0.33	PPERF	Bank Mandiri Persero	Pair Corr
0.33	PTAIY	Astra International Tbk	Pair Corr

Related Correlations Analysis

	UAVS	CMBM	GAME	WBX	UPLD	HOLO	YIBO	ALOT	NOTE	YXT
UAVS		-0.14	0.76	0.75	0.66	0.69	0.41	0.61	0.75	0.67	UAVS
CMBM	-0.14		-0.04	0.08	0.14	0.08	0.23	-0.14	0.08	-0.06	CMBM
GAME	0.76	-0.04		0.92	0.87	0.94	0.66	0.25	0.93	0.65	GAME
WBX	0.75	0.08	0.92		0.92	0.92	0.74	0.33	0.97	0.66	WBX
UPLD	0.66	0.14	0.87	0.92		0.91	0.67	0.16	0.94	0.49	UPLD
HOLO	0.69	0.08	0.94	0.92	0.91		0.69	0.1	0.93	0.63	HOLO
YIBO	0.41	0.23	0.66	0.74	0.67	0.69		0.23	0.73	0.41	YIBO
ALOT	0.61	-0.14	0.25	0.33	0.16	0.1	0.23		0.35	0.32	ALOT
NOTE	0.75	0.08	0.93	0.97	0.94	0.93	0.73	0.35		0.6	NOTE
YXT	0.67	-0.06	0.65	0.66	0.49	0.63	0.41	0.32	0.6		YXT
	UAVS	CMBM	GAME	WBX	UPLD	HOLO	YIBO	ALOT	NOTE	YXT

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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

NOTE	+ 0.97	WBX
HOLO	+ 0.94	GAME
NOTE	+ 0.94	UPLD
NOTE	+ 0.93	GAME
NOTE	+ 0.93	HOLO
WBX	+ 0.92	GAME

High negative correlations

ALOT	- 0.14	CMBM
CMBM	- 0.14	UAVS
YXT	- 0.06	CMBM
GAME	- 0.04	CMBM

Risk-Adjusted Indicators

There is a big difference between Quantum Stock performing well and Quantum 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 Quantum'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
UAVS	6.99	(0.63)	0.00	(0.05)	0.00	0.00	15.73	(10.61)	66.75
CMBM	15.31	5.56	0.56	(1.75)	7.39	(23.18)	27.12	(13.22)	407.58
GAME	4.03	(0.74)	0.00	(0.20)	0.00	0.00	8.00	(8.62)	21.47
WBX	2.83	(0.74)	0.00	0.77	0.00	0.00	6.60	(6.84)	18.65
UPLD	2.27	(0.66)	0.00	(1.14)	0.00	0.00	5.23	(5.42)	11.78
HOLO	3.79	(0.92)	0.00	(0.25)	0.00	0.00	5.57	(8.22)	15.30
YIBO	3.53	(0.21)	0.00	(2.74)	0.00	0.00	7.48	(7.14)	43.15
ALOT	2.03	(0.03)	(0.02)	0.02	2.38	(2.42)	4.76	(3.31)	21.34
NOTE	3.79	(1.79)	0.00	(0.69)	0.00	0.00	6.92	(8.31)	15.73
YXT	5.55	(0.31)	0.00	0.56	0.00	0.00	11.11	(10.00)	41.05

Quantum Corporate Management

Laura Nash	Chief Officer	Profile
Lewis CPA	Chief Officer	Profile
Anthony Craythorne	Chief Officer	Profile
Robert Buergisser	Chief Officer	Profile
Bruno Hald	Vice Operations	Profile
Brian Pawlowski	Chief Officer	Profile
Ross Fujii	Chief Officer	Profile

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