Q2 Holdings Inc (QTWO) — Stock Correlations & Overview
Over the past year, QTWO has moved most closely with WCLD, PCOR, WK. Explore the stocks most correlated and inversely correlated with QTWO below, along with its price, financials, and company profile.
Stocks correlated with QTWO
Correlation of daily returns. Higher positive values move with QTWO; negative values move opposite it. Informational only, not investment advice.
Most correlated with QTWO
| Symbol | Company | Correlation |
|---|---|---|
| WCLD | WisdomTree Cloud Computing Fund | 0.68 |
| PCOR | Procore Technologies, Inc.SERVICES-PREPACKAGED SOFTWARE | 0.68 |
| WK | Workiva Inc.SERVICES-PREPACKAGED SOFTWARE | 0.66 |
| ALKT | Alkami Technology, Inc. Common StockSERVICES-PREPACKAGED SOFTWARE | 0.65 |
| NCNO | nCino, Inc. Common StockSERVICES-PREPACKAGED SOFTWARE | 0.65 |
Most inversely correlated with QTWO
| Symbol | Company | Correlation |
|---|---|---|
| HDGE | AdvisorShares Ranger Equity Bear ETF | -0.51 |
| DWSH | AdvisorShares Dorsey Wright Short ETF | -0.50 |
| WEBS | Direxion Daily Dow Jones Internet Bear 3X ETF | -0.40 |
| NEEpS | NextEra Energy, Inc. 7.299% Corporate UnitsELECTRIC SERVICES | -0.35 |
| MSFD | Direxion Shares ETF Trust Direxion Daily MSFT Bear 1X ETF | -0.34 |
Frequently asked questions about QTWO correlations
- Which stocks are most correlated with QTWO?
- Based on one year of daily returns, the stocks most correlated with Q2 Holdings Inc (QTWO) are WCLD (0.68), PCOR (0.68) and WK (0.66). 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 QTWO?
- Over the past year, the stocks most inversely correlated with Q2 Holdings Inc (QTWO) are HDGE (-0.51), DWSH (-0.50) and WEBS (-0.40). 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 QTWO correlations calculated?
- We compute the correlation of daily returns between QTWO 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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