Arqit Quantum Correlations

ARQQ Stock

USD 42.36 0.26 0.62%

The current 90-days correlation between Arqit Quantum and GigaCloud Technology Class is 0.16 (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

Modest diversification

The correlation between Arqit Quantum and DJI is 0.24 (i.e., Modest 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.

Build AI portfolio with Arqit Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Arqit Quantum. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in producer price index.

To learn how to invest in Arqit Stock, please use our How to Invest in Arqit Quantum guide.

Moving together with Arqit Stock

0.78	BB	BlackBerry	Pair Corr
0.88	JG	Aurora Mobile	Pair Corr
0.87	MQ	Marqeta	Pair Corr
0.79	NN	Nextnav Acquisition Corp	Pair Corr
0.84	ZS	Zscaler	Pair Corr
0.84	VRNS	Varonis Systems	Pair Corr
0.82	FFIV	F5 Networks	Pair Corr
0.68	FLYW	Flywire Corp	Pair Corr
0.85	FOUR	Shift4 Payments	Pair Corr
0.78	DLO	Dlocal	Pair Corr
0.75	GEN	Gen Digital	Pair Corr
0.79	MDB	MongoDB	Pair Corr
0.89	NET	Cloudflare	Pair Corr
0.65	ODD	ODDITY Tech	Pair Corr
0.9	PGY	Pagaya Technologies Trending	Pair Corr

Moving against Arqit Stock

0.63	VERI	Veritone Tech Boost	Pair Corr
0.56	EXOD	Exodus Movement, Tech Boost	Pair Corr
0.31	DOCN	DigitalOcean Holdings	Pair Corr
0.85	XBP	XBP Europe Holdings	Pair Corr
0.7	APCXW	AppTech Payments Corp	Pair Corr
0.46	GDDY	Godaddy	Pair Corr
0.38	WIX	WixCom	Pair Corr
0.33	DBX	Dropbox	Pair Corr

Related Correlations Analysis

	GCT	ALAR	STEM	PGY	IONQ	RGTI	QBTS	QUBT
GCT		0.74	0.12	0.9	0.9	0.82	0.89	0.87	GCT
ALAR	0.74		-0.3	0.81	0.67	0.51	0.56	0.9	ALAR
STEM	0.12	-0.3		0.04	0.08	0.25	0.22	-0.09	STEM
PGY	0.9	0.81	0.04		0.86	0.83	0.79	0.9	PGY
IONQ	0.9	0.67	0.08	0.86		0.88	0.92	0.84	IONQ
RGTI	0.82	0.51	0.25	0.83	0.88		0.83	0.71	RGTI
QBTS	0.89	0.56	0.22	0.79	0.92	0.83		0.79	QBTS
QUBT	0.87	0.9	-0.09	0.9	0.84	0.71	0.79		QUBT
	GCT	ALAR	STEM	PGY	IONQ	RGTI	QBTS	QUBT

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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

QBTS	+ 0.92	IONQ
PGY	+ 0.9	GCT
IONQ	+ 0.9	GCT
QUBT	+ 0.9	ALAR
QUBT	+ 0.9	PGY
QBTS	+ 0.89	GCT

High negative correlations

STEM	- 0.3	ALAR
QUBT	- 0.09	STEM

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	2.89	0.72	0.30	0.63	2.20	(3.62)	6.93	(3.89)	15.87
ALAR	4.25	0.92	0.21	1.22	3.82	(5.50)	9.44	(6.19)	48.48
STEM	6.38	1.23	0.21	0.82	5.59	(8.17)	18.24	(10.09)	49.07
PGY	3.76	1.61	0.52	0.76	2.35	(4.61)	8.68	(4.97)	30.06
IONQ	4.02	0.82	0.24	0.51	3.42	(5.01)	9.27	(6.73)	45.69
RGTI	5.17	0.92	0.22	0.48	4.24	(6.11)	16.30	(7.91)	34.37
QBTS	5.85	1.61	0.39	0.97	3.62	(7.77)	14.08	(7.29)	58.81
QUBT	6.60	1.45	0.32	0.52	4.66	(8.55)	19.21	(8.43)	48.41

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

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