Quantum Computing (Backpack Securities) vs Figure Heloc

Figure Heloc (FIGR_HELOC) is 171879.0× the size of Quantum Computing (Backpack Securities) (QUBT) by market capitalisation. Over the past 30 days, FIGR_HELOC is ahead by 28.5 percentage points (QUBT -25.5% against FIGR_HELOC +3.0%). Their daily returns move barely in opposite directions (correlation -0.15 across 24 shared trading days). QUBT has been the more volatile of the two, at 84% annualised against FIGR_HELOC's 52%.

Correlation: -0.15
Size ratio: 1 : 171879.0
Ahead over 30 days: FIGR_HELOC

Quantum Computing (Backpack Securities)QUBT

$6.4500

24h: +2.24%
Market cap: $158,928
Volume 24h: $120,280
Volatility (ann.): 84%

Figure HelocFIGR_HELOC

$1.0460

24h: +1.55%
Market cap: $27.32B
Volume 24h: $22.09M
Volatility (ann.): 52%

QUBT 0.0%Share of the two combined market caps100.0% FIGR_HELOC

Performance

QUBTFIGR_HELOC

7 days-5.31%-0.10%FIGR_HELOC
30 days-25.52%+3.00%FIGR_HELOC

Correlation

-0.15over 24 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: insufficient data1y: insufficient data

Measured on daily returns rather than on prices. Two assets that both simply trend upward score near 1.0 on raw prices whether or not they move together, so returns are what answer the question people mean by correlation.

Risk & extremes

Metric	QUBT	FIGR_HELOC
Max drawdown (400d)	-26.8%	-5.5%
Risk-adjusted return (90d)	-0.30	0.05

Relative strength over 90 days: FIGR_HELOC outperformed QUBT by 4.3% — measured on the QUBT/FIGR_HELOC ratio, so it holds regardless of market direction.

Quantum Computing (Backpack Securities) →Figure Heloc →