How To Size QBTS Stock For The Next Market Shock?

D-Wave Quantum (QBTS) trades near $17. 50, about 61% below the high it set inside the past year. Nothing in the market broke to do that. The S&P 500 returned close to 18% over the same twelve months.

The stock has already fallen a shock-sized amount without a shock, which is what makes the next leg hard to size.