Quantum Corporation (QMCO) — Stock Correlations & Overview
Over the past year, QMCO has moved most closely with WQTM, MEME, WTRE. Explore the stocks most correlated and inversely correlated with QMCO below, along with its price, financials, and company profile.
Stocks correlated with QMCO
Correlation of daily returns. Higher positive values move with QMCO; negative values move opposite it. Informational only, not investment advice.
Most correlated with QMCO
| Symbol | Company | Correlation |
|---|---|---|
| WQTM | WisdomTree Quantum Computing Fund | 0.54 |
| MEME | Roundhill Meme Stock ETF | 0.52 |
| WTRE | WisdomTree New Economy Real Estate Fund | 0.50 |
| NUKZ | Range Nuclear Renaissance Index ETF | 0.50 |
| QTUM | Defiance Quantum ETF | 0.50 |
Most inversely correlated with QMCO
| Symbol | Company | Correlation |
|---|---|---|
| RGTZ | Defiance Daily Target 2x Short RGTI ETF | -0.46 |
| AIBD | Direxion Daily AI and Big Data Bear 2X ETF | -0.44 |
| HIBS | Direxion Daily S&P 500 High Beta Bear 3X ETF | -0.44 |
| BTAL | AGF U.S. Market Neutral Anti-Beta Fund | -0.44 |
| QBTZ | Defiance Daily Target 2x Short QBTS ETF | -0.43 |
Frequently asked questions about QMCO correlations
- Which stocks are most correlated with QMCO?
- Based on one year of daily returns, the stocks most correlated with Quantum Corporation (QMCO) are WQTM (0.54), MEME (0.52) and WTRE (0.50). 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 QMCO?
- Over the past year, the stocks most inversely correlated with Quantum Corporation (QMCO) are RGTZ (-0.46), AIBD (-0.44) and HIBS (-0.44). 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 QMCO correlations calculated?
- We compute the correlation of daily returns between QMCO 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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