Rigetti Computing Correlations

RGTI Stock

USD 18.64 1.01 5.73%

The current 90-days correlation between Rigetti Computing and D Wave Quantum is 0.93 (i.e., Almost no diversification). The correlation of Rigetti Computing 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.

Rigetti Computing Correlation With Market

Excellent diversification

The correlation between Rigetti Computing and DJI is -0.54 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Rigetti Computing and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Rigetti Stock

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

For more detail on how to invest in Rigetti Stock please use our How to Invest in Rigetti Computing guide.

Moving together with Rigetti Stock

0.69	KE	Kimball Electronics	Pair Corr
0.92	EBON	Ebang International	Pair Corr
0.75	EHGO	Eshallgo Class A	Pair Corr
0.63	OTK	Otsuka	Pair Corr
0.76	EVLV	Evolv Technologies	Pair Corr
0.78	WRAP	Wrap Technologies	Pair Corr

Moving against Rigetti Stock

0.87	LFS	Littelfuse	Pair Corr
0.83	PJJ1	CHINA DISPLAY OTHHD	Pair Corr
0.82	PX4	Plexus Corp	Pair Corr
0.75	Q	Qnity Electronics Tech Boost	Pair Corr
0.72	KN	Knowles Cor	Pair Corr
0.69	PRHA	Prosegur Compaa de Earnings Call Today	Pair Corr
0.48	AN1	Anritsu	Pair Corr
0.43	P4O	Plan Optik AG	Pair Corr
0.36	VRME	VerifyMe	Pair Corr
0.34	DSWL	Deswell Industries	Pair Corr
0.33	FN	Fabrinet	Pair Corr
0.89	VNI	Avnet Inc	Pair Corr
0.86	BRV	Brady	Pair Corr
0.79	MKT	MKS Instruments	Pair Corr
0.77	SATLW	Satellogic Warrant	Pair Corr
0.7	H7B	COHERENT CORP	Pair Corr
0.67	BAERW	Bridger Aerospace	Pair Corr
0.32	MUR1	Murata Manufacturing	Pair Corr
0.89	AVT	Avnet Inc	Pair Corr
0.88	ARW	Arrow Electronics	Pair Corr
0.82	BHE	Benchmark Electronics	Pair Corr
0.77	BDC	Belden Inc	Pair Corr
0.61	MLI	MESA LABS INC	Pair Corr

Related Correlations Analysis

	QBTS	IONQ	SNX	SAIL	CACI	BILI	QXO	ZBRA	DUOL
QBTS		0.89	-0.54	0.78	-0.13	-0.32	-0.08	0.31	0.71	QBTS
IONQ	0.89		-0.66	0.85	0.0	-0.45	-0.38	0.31	0.88	IONQ
SNX	-0.54	-0.66		-0.63	0.17	0.48	0.44	0.01	-0.66	SNX
SAIL	0.78	0.85	-0.63		-0.37	-0.68	-0.42	0.43	0.92	SAIL
CACI	-0.13	0.0	0.17	-0.37		0.65	0.06	-0.19	-0.24	CACI
BILI	-0.32	-0.45	0.48	-0.68	0.65		0.61	-0.29	-0.73	BILI
QXO	-0.08	-0.38	0.44	-0.42	0.06	0.61		0.17	-0.62	QXO
ZBRA	0.31	0.31	0.01	0.43	-0.19	-0.29	0.17		0.36	ZBRA
DUOL	0.71	0.88	-0.66	0.92	-0.24	-0.73	-0.62	0.36		DUOL
	QBTS	IONQ	SNX	SAIL	CACI	BILI	QXO	ZBRA	DUOL

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

DUOL	+ 0.92	SAIL
IONQ	+ 0.89	QBTS
DUOL	+ 0.88	IONQ
SAIL	+ 0.85	IONQ
SAIL	+ 0.78	QBTS
DUOL	+ 0.71	QBTS

High negative correlations

DUOL	- 0.73	BILI
BILI	- 0.68	SAIL
DUOL	- 0.66	SNX
SNX	- 0.66	IONQ
SAIL	- 0.63	SNX
DUOL	- 0.62	QXO

Risk-Adjusted Indicators

There is a big difference between Rigetti Stock performing well and Rigetti Computing 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 Rigetti Computing'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
QBTS	5.30	(0.16)	0.01	0.06	5.85	(5.65)	13.23	(8.61)	34.44
IONQ	4.61	(0.09)	0.01	0.07	5.17	(4.93)	12.11	(8.14)	26.45
SNX	1.23	0.03	0.03	0.14	1.87	(1.21)	2.62	(2.68)	11.78
SAIL	2.59	(0.45)	0.00	(0.15)	0.00	0.00	4.60	(6.81)	15.18
CACI	1.57	(0.07)	(0.05)	0.02	2.03	(1.75)	3.62	(2.40)	14.27
BILI	2.32	0.23	0.06	0.83	2.48	(2.82)	6.51	(4.54)	15.75
QXO	2.96	0.35	0.19	0.23	2.67	(3.91)	5.47	(4.21)	27.19
ZBRA	1.94	(0.16)	(0.02)	0.03	2.62	(2.02)	4.28	(3.66)	18.01
DUOL	2.57	(0.65)	0.00	(0.36)	0.00	0.00	4.91	(6.02)	16.65

Rigetti Computing Corporate Management

Michael Harburn	Chief Officer	Profile
Andrew Bestwick	Senior Systems	Profile
Lou DeSorbo	Chief Officer	Profile
Jeffrey Bertelsen	Chief Officer	Profile
Luke Kuipers	Corporate Secretary	Profile
Greg Peters	Chief Officer	Profile
Richard Danis	General Secretary	Profile

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