QBTS·D-Wave Quantum Inc.

Realized volatility (21d)

57.7% 32nd pct

Below its peak

-67.5%

vs 200-day average

-29.5%

Up days (1y)

46%

D-Wave Quantum Inc. is currently running 57.7% annualised volatility over the last 21 sessions. Measured against QBTS's own 5 years of daily returns rather than a market-wide average, that is the 32nd percentile — on the quiet side for this stock, against a typical reading of 85.2%. The distinction matters because a number that looks calm for one stock is turbulent for another, and the absolute figure on its own tells you neither.

QBTS is trading -67.5% below its running peak. Across 4 full years on file, its median worst-drawdown-in-a-year was -63.1%, and the deepest was -88.4% in 2022. The current drawdown is already deeper than this stock's typical annual low point, which puts it in the part of its range where past recoveries began — and where past declines also continued.

Price sits -29.5% from its 200-day moving average. Against every other day in its history, that gap ranks at the 20th percentile — a narrower gap than it typically runs. Over the past year QBTS closed higher on 46% of sessions, and it is currently 3 sessions into a falling streak.

Overnight risk is measurable too: QBTS has opened more than 2% away from the prior close in 292 of 1,354 sessions (21.6% of the time), with the largest gaps running +24.7% and -8.2%. For anyone holding through an event, that rate is a better guide to overnight exposure than the intraday range.

Across the last 3 dated reports on file, QBTS moved an average of 5.5% in the session after earnings, closing higher 1 of those 3 times, with a median move of -3.5% and a largest of -6.5%.

All figures computed from 1,356 daily closes between 2020-12-11 and 2026-10-09, split-adjusted, recomputed daily. Percentiles are against QBTS's own 6-year history, not a peer group or index.