QuantumScape Corporation Class A Common Stock (QS) — Stock Correlations & Overview
Over the past year, QS has moved most closely with WQTM, PBW, UPGR. Explore the stocks most correlated and inversely correlated with QS below, along with its price, financials, and company profile.
Stocks correlated with QS
Correlation of daily returns. Higher positive values move with QS; negative values move opposite it. Informational only, not investment advice.
Most correlated with QS
| Symbol | Company | Correlation |
|---|---|---|
| WQTM | WisdomTree Quantum Computing Fund | 0.73 |
| PBW | Invesco WilderHill Clean Energy ETF | 0.72 |
| UPGR | Xtrackers US Green Infrastructure Select Equity ETF | 0.72 |
| MEME | Roundhill Meme Stock ETF | 0.69 |
| CTEC | Global X Funds Global X ClimateTech ETF | 0.68 |
Most inversely correlated with QS
| Symbol | Company | Correlation |
|---|---|---|
| RGTZ | Defiance Daily Target 2x Short RGTI ETF | -0.64 |
| QBTZ | Defiance Daily Target 2x Short QBTS ETF | -0.63 |
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.62 |
| TZA | Direxion Daily Small Cap Bear 3x ETF | -0.61 |
| SRTY | ProShares UltraPro Short Russell2000 | -0.60 |
Frequently asked questions about QS correlations
- Which stocks are most correlated with QS?
- Based on one year of daily returns, the stocks most correlated with QuantumScape Corporation Class A Common Stock (QS) are WQTM (0.73), PBW (0.72) and UPGR (0.72). 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 QS?
- Over the past year, the stocks most inversely correlated with QuantumScape Corporation Class A Common Stock (QS) are RGTZ (-0.64), QBTZ (-0.63) and SARK (-0.62). 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 QS correlations calculated?
- We compute the correlation of daily returns between QS 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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