D-Wave Quantum Inc. Common Stock (QBTS) — Stock Correlations & Overview
Over the past year, QBTS has moved most closely with QBTX, QPUX, RGTI. Explore the stocks most correlated and inversely correlated with QBTS below, along with its price, financials, and company profile.
Stocks correlated with QBTS
Correlation of daily returns. Higher positive values move with QBTS; negative values move opposite it. Informational only, not investment advice.
Most correlated with QBTS
| Symbol | Company | Correlation |
|---|---|---|
| QBTX | Tradr 2X Long QBTS Daily ETF | 1.00 |
| QPUX | Defiance 2X Daily Long Pure Quantum ETF | 0.95 |
| RGTI | Rigetti Computing, Inc. Common StockSERVICES-COMPUTER PROGRAMMING SERVICES | 0.92 |
| RGTX | Defiance Daily Target 2X Long RGTI ETF | 0.92 |
| RGTU | Tradr 2X Long RGTI Daily ETF | 0.92 |
Most inversely correlated with QBTS
| Symbol | Company | Correlation |
|---|---|---|
| QBTZ | Defiance Daily Target 2x Short QBTS ETF | -0.97 |
| RGTZ | Defiance Daily Target 2x Short RGTI ETF | -0.91 |
| IONZ | Defiance Daily Target 2x Short IONQ ETF | -0.82 |
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.63 |
| TZA | Direxion Daily Small Cap Bear 3x ETF | -0.57 |
Frequently asked questions about QBTS correlations
- Which stocks are most correlated with QBTS?
- Based on one year of daily returns, the stocks most correlated with D-Wave Quantum Inc. Common Stock (QBTS) are QBTX (1.00), QPUX (0.95) and RGTI (0.92). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with QBTS?
- Over the past year, the stocks most inversely correlated with D-Wave Quantum Inc. Common Stock (QBTS) are QBTZ (-0.97), RGTZ (-0.91) and IONZ (-0.82). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these QBTS correlations calculated?
- We compute the correlation of daily returns between QBTS and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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