QuantumScape Correlations

QS Stock

USD 10.63 0.40 3.91%

The current 90-days correlation between QuantumScape Class and Mobileye Global Class is 0.32 (i.e., Weak diversification). The correlation of QuantumScape 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.

QuantumScape Correlation With Market

Weak diversification

The correlation between QuantumScape Class and DJI is 0.39 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding QuantumScape Class and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with QuantumScape Stock

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in QuantumScape Class. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.

Moving together with QuantumScape Stock

0.75	VC	Visteon Corp	Pair Corr
0.66	DORM	Dorman Products	Pair Corr
0.66	SSA	Spectra	Pair Corr
0.74	603767	Zhejiang Zomax Trans	Pair Corr
0.78	WKHS	Workhorse Group	Pair Corr
0.77	WKSP	Worksport	Pair Corr
0.85	ECX	ECARX Holdings Class Buyout Trend	Pair Corr
0.83	FRSX	Foresight Autonomous	Pair Corr
0.68	GGR	Gogoro Inc	Pair Corr
0.63	MOD	Modine Manufacturing	Pair Corr

Moving against QuantumScape Stock

0.71	603023	Harbin VITI Electronics	Pair Corr
0.64	603040	Hangzhou XZB Tech	Pair Corr
0.64	000678	Xiangyang Automobile	Pair Corr
0.62	TYT	Toyota Motor Corp	Pair Corr
0.55	002703	Zhejiang Shibao	Pair Corr
0.52	300816	Actblue	Pair Corr
0.31	300594	Shandong Longertek	Pair Corr
0.73	DAN	Dana Inc	Pair Corr
0.72	301119	Hangzhou Zhengqiang	Pair Corr
0.66	002625	Kuang Chi Technologies	Pair Corr
0.53	AXL	American Axle Manufa	Pair Corr
0.48	BWA	BorgWarner	Pair Corr
0.45	002448	ZYNP Corp	Pair Corr
0.44	ALV	Autoliv	Pair Corr
0.92	XPEL	Xpel Inc	Pair Corr
0.77	MGA	Magna International	Pair Corr
0.7	LEA	Lear	Pair Corr
0.46	GTX	Garrett Motion	Pair Corr
0.46	001278	Ningbo Yibin Electronic	Pair Corr

Related Correlations Analysis

	MBLY	ALV	BWA	LKQ	HAS	MOD	CART	ZK	PAG	DDS
MBLY		-0.34	-0.39	-0.15	-0.68	0.54	-0.68	0.72	0.0	-0.61	MBLY
ALV	-0.34		0.89	0.77	0.7	-0.54	0.2	-0.62	0.17	0.58	ALV
BWA	-0.39	0.89		0.82	0.72	-0.68	0.21	-0.6	0.06	0.48	BWA
LKQ	-0.15	0.77	0.82		0.56	-0.51	-0.12	-0.34	0.12	0.37	LKQ
HAS	-0.68	0.7	0.72	0.56		-0.51	0.59	-0.84	0.24	0.85	HAS
MOD	0.54	-0.54	-0.68	-0.51	-0.51		-0.35	0.47	0.07	-0.3	MOD
CART	-0.68	0.2	0.21	-0.12	0.59	-0.35		-0.72	0.47	0.65	CART
ZK	0.72	-0.62	-0.6	-0.34	-0.84	0.47	-0.72		-0.4	-0.77	ZK
PAG	0.0	0.17	0.06	0.12	0.24	0.07	0.47	-0.4		0.46	PAG
DDS	-0.61	0.58	0.48	0.37	0.85	-0.3	0.65	-0.77	0.46		DDS
	MBLY	ALV	BWA	LKQ	HAS	MOD	CART	ZK	PAG	DDS

Please upgrade your account to get full access to Macroaxis premium features

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

BWA	+ 0.89	ALV
DDS	+ 0.85	HAS
LKQ	+ 0.82	BWA
LKQ	+ 0.77	ALV
ZK	+ 0.72	MBLY
HAS	+ 0.72	BWA

High negative correlations

ZK	- 0.84	HAS
DDS	- 0.77	ZK
ZK	- 0.72	CART
MOD	- 0.68	BWA
CART	- 0.68	MBLY
HAS	- 0.68	MBLY

Risk-Adjusted Indicators

There is a big difference between QuantumScape Stock performing well and QuantumScape 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 QuantumScape'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
MBLY	2.37	(0.64)	0.00	(0.32)	0.00	0.00	3.71	(5.23)	15.74
ALV	1.05	(0.03)	(0.02)	0.03	1.41	(1.01)	2.04	(2.57)	6.81
BWA	1.20	0.08	0.05	0.13	1.61	(1.26)	3.32	(2.90)	8.11
LKQ	1.52	0.07	0.06	0.11	1.68	(1.61)	3.36	(2.55)	9.19
HAS	1.05	0.16	0.14	0.23	0.91	(1.22)	2.88	(1.67)	6.56
MOD	3.01	(0.34)	0.00	(0.07)	0.00	0.00	5.82	(7.46)	23.70
CART	1.65	(0.04)	0.00	(0.10)	0.00	0.00	3.91	(3.67)	11.01
ZK	0.98	(0.16)	0.00	(2.12)	0.00	0.00	2.46	(2.67)	8.19
PAG	0.88	(0.11)	0.00	(0.08)	0.00	0.00	2.44	(1.84)	6.07
DDS	1.90	0.24	0.08	0.43	2.59	(2.13)	5.05	(4.39)	17.26

QuantumScape Corporate Management

Susan Huppertz	Director	Profile
Jeneanne Hanley	Director	Profile
J Straubel	Independent Director	Profile
Pr Prinz	Chief CoFounder	Profile
Gena Lovett	Director	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC