Arqit Quantum Correlations

ARQQ Stock

USD 17.73 0.24 1.34%

The current 90-days correlation between Arqit Quantum and Telos Corp is 0.23 (i.e., Modest 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

Significant diversification

The correlation between Arqit Quantum and DJI is 0.05 (i.e., Significant 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.

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

0.8	NN	Nextnav Acquisition Corp Tech Boost	Pair Corr
0.76	VRAR	Glimpse Group Tech Boost	Pair Corr
0.64	VRNT	Verint Systems Earnings Call This Week	Pair Corr
0.63	EVCM	EverCommerce	Pair Corr
0.72	FMTO	Femto Technologies Symbol Change	Pair Corr

Moving against Arqit Stock

0.78	VRSN	VeriSign	Pair Corr
0.65	JG	Aurora Mobile	Pair Corr
0.57	BB	BlackBerry	Pair Corr
0.56	FFIV	F5 Networks Sell-off Trend	Pair Corr
0.55	ZS	Zscaler	Pair Corr
0.49	DOCN	DigitalOcean Holdings	Pair Corr
0.34	BOX	Box Inc	Pair Corr
0.73	SWI	SolarWinds Corp	Pair Corr
0.68	HCP	Hashicorp	Pair Corr
0.55	VHC	VirnetX Holding Corp Tech Boost	Pair Corr
0.54	DOX	Amdocs Sell-off Trend	Pair Corr
0.54	FTNT	Fortinet	Pair Corr
0.53	NET	Cloudflare	Pair Corr
0.53	TCX	Tucows Inc	Pair Corr
0.51	GRRR	Gorilla Technology Buyout Trend	Pair Corr
0.46	PGY	Pagaya Technologies	Pair Corr
0.39	XBP	XBP Europe Holdings Tech Boost	Pair Corr

Related Correlations Analysis

	ALAR	SPLK	NTNX	PANW	EGIO	GCT	PGY	IRNT	TLS	CETX
ALAR		0.0	-0.67	0.11	0.0	0.64	-0.43	0.0	0.78	0.93	ALAR
SPLK	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	SPLK
NTNX	-0.67	0.0		0.37	0.0	-0.22	0.6	0.0	-0.32	-0.74	NTNX
PANW	0.11	0.0	0.37		0.0	0.35	0.61	0.0	0.54	-0.06	PANW
EGIO	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	EGIO
GCT	0.64	0.0	-0.22	0.35	0.0		-0.02	0.0	0.68	0.59	GCT
PGY	-0.43	0.0	0.6	0.61	0.0	-0.02		0.0	0.03	-0.55	PGY
IRNT	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	IRNT
TLS	0.78	0.0	-0.32	0.54	0.0	0.68	0.03	0.0		0.7	TLS
CETX	0.93	0.0	-0.74	-0.06	0.0	0.59	-0.55	0.0	0.7		CETX
	ALAR	SPLK	NTNX	PANW	EGIO	GCT	PGY	IRNT	TLS	CETX

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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

CETX	+ 0.93	ALAR
TLS	+ 0.78	ALAR
CETX	+ 0.7	TLS
TLS	+ 0.68	GCT
GCT	+ 0.64	ALAR
PGY	+ 0.61	PANW

High negative correlations

CETX	- 0.74	NTNX
NTNX	- 0.67	ALAR
CETX	- 0.55	PGY
PGY	- 0.43	ALAR
TLS	- 0.32	NTNX
GCT	- 0.22	NTNX

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
ALAR	3.30	(0.58)	0.00	0.93	0.00	0.00	8.07	(6.90)	23.27
SPLK	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NTNX	1.91	0.19	0.07	0.10	2.52	(2.08)	4.12	(3.94)	18.92
PANW	1.65	(0.04)	0.00	(0.12)	0.00	0.00	3.41	(3.90)	9.22
EGIO	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
GCT	2.96	(0.49)	0.00	(4.08)	0.00	0.00	6.05	(6.12)	16.65
PGY	4.66	0.61	0.10	0.18	4.98	(5.41)	9.20	(9.46)	33.99
IRNT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
TLS	2.74	(0.25)	0.00	(0.26)	0.00	0.00	5.18	(5.90)	18.49
CETX	3.52	(0.95)	0.00	(5.06)	0.00	0.00	7.82	(7.67)	24.65

Arqit Quantum Corporate Management

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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