Arqit Quantum Correlations
| ARQQ Stock | USD 58.27 9.75 20.09% |
The current 90-days correlation between Arqit Quantum and GigaCloud Technology Class is 0.18 (i.e., Average diversification). The correlation of Arqit Quantum 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. If the correlation is 0, the equities are not correlated; they are entirely random.
Arqit Quantum Correlation With Market
Very weak diversification
The correlation between Arqit Quantum and DJI is 0.4 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Arqit Quantum and DJI in the same portfolio, assuming nothing else is changed.
Moving together with Arqit Stock
Moving against Arqit Stock
| 0.75 | MQ | Marqeta | PairCorr |
| 0.66 | DV | DoubleVerify Holdings | PairCorr |
| 0.65 | BGE | Bridge Saas | PairCorr |
| 0.37 | NN | Nextnav Acquisition Corp | PairCorr |
| 0.61 | 300845 | Zhengzhou J | PairCorr |
| 0.59 | GENESYS | Genesys International | PairCorr |
| 0.57 | 688078 | Beijing LongRuan Tec | PairCorr |
| 0.49 | RM | RM Plc | PairCorr |
| 0.48 | 300895 | Beijing Topnew Info | PairCorr |
| 0.39 | DSGX | Descartes Systems | PairCorr |
| 0.37 | 603383 | Fujian Apex Software | PairCorr |
Related Correlations Analysis
| 0.52 | 0.53 | 0.35 | 0.33 | 0.26 | 0.08 | GCT | ||
| 0.52 | 0.3 | 0.77 | 0.83 | 0.8 | 0.54 | STEM | ||
| 0.53 | 0.3 | 0.22 | 0.03 | 0.0 | -0.07 | PGY | ||
| 0.35 | 0.77 | 0.22 | 0.93 | 0.93 | 0.85 | IONQ | ||
| 0.33 | 0.83 | 0.03 | 0.93 | 0.98 | 0.8 | RGTI | ||
| 0.26 | 0.8 | 0.0 | 0.93 | 0.98 | 0.85 | QBTS | ||
| 0.08 | 0.54 | -0.07 | 0.85 | 0.8 | 0.85 | QUBT | ||
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Arqit Stock performing well and Arqit Quantum 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 Arqit Quantum'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| GCT | 3.22 | 0.35 | 0.11 | 0.11 | 3.30 | 5.63 | 39.96 | |||
| STEM | 6.61 | 1.56 | 0.24 | 0.49 | 5.93 | 15.35 | 65.41 | |||
| PGY | 3.82 | 0.27 | 0.08 | 0.08 | 4.11 | 10.61 | 34.19 | |||
| IONQ | 3.96 | 0.72 | 0.17 | 0.34 | 3.89 | 7.38 | 24.42 | |||
| RGTI | 5.10 | 1.99 | 0.50 | 0.58 | 3.14 | 14.38 | 39.03 | |||
| QBTS | 4.54 | 1.17 | 0.31 | 0.33 | 3.43 | 13.78 | 24.18 | |||
| QUBT | 4.72 | 0.10 | 0.03 | 0.05 | 5.09 | 8.66 | 39.96 |
Arqit Quantum Corporate Management
| Christian Georgeson | Chief Officer | Profile | |
| Daniel Shiu | Chief Cryptographer | Profile | |
| David Webb | Chief Engineer | Profile | |
| Ben Olivier | Managing Operations | Profile | |
| Tracy Mehr | Chief Officer | Profile | |
| Paul Feenan | Chief Officer | Profile |