BQE Water Correlations

BTQNF Stock

USD 42.00 0.00 0.00%

The current 90-days correlation between BQE Water and Susglobal Energy Corp is -0.11 (i.e., Good diversification). The correlation of BQE Water 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.

BQE Water Correlation With Market

Good diversification

The correlation between BQE Water and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding BQE Water and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to BQE Water could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BQE Water when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back BQE Water - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling BQE Water to buy it.

Moving together with BQE Pink Sheet

0.64

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Pair Corr

Moving against BQE Pink Sheet

0.83	AA	Alcoa Corp	Pair Corr
0.81	XOM	Exxon Mobil Corp Earnings Call Today	Pair Corr
0.78	TRV	The Travelers Companies	Pair Corr
0.76	HPQ	HP Inc	Pair Corr
0.75	DD	Dupont De Nemours Earnings Call This Week	Pair Corr
0.74	CVX	Chevron Corp Earnings Call Today	Pair Corr
0.64	CAT	Caterpillar Earnings Call This Week	Pair Corr
0.56	HD	Home Depot	Pair Corr
0.49	PG	Procter Gamble	Pair Corr
0.41	NVDA	NVIDIA	Pair Corr

Related Correlations Analysis

	JPEX	SNRG	JAN	HNRC	AGXXF	ECPL	CHRA	ANRGF	BCCEF
JPEX		0.28	0.19	-0.02	-0.03	-0.4	0.31	-0.37	-0.09	JPEX
SNRG	0.28		0.56	0.29	0.29	-0.54	0.12	0.22	-0.28	SNRG
JAN	0.19	0.56		0.44	0.71	-0.45	-0.33	-0.05	-0.57	JAN
HNRC	-0.02	0.29	0.44		0.36	-0.38	-0.01	0.35	-0.15	HNRC
AGXXF	-0.03	0.29	0.71	0.36		-0.31	-0.41	-0.15	-0.47	AGXXF
ECPL	-0.4	-0.54	-0.45	-0.38	-0.31		-0.34	-0.15	0.08	ECPL
CHRA	0.31	0.12	-0.33	-0.01	-0.41	-0.34		0.25	0.23	CHRA
ANRGF	-0.37	0.22	-0.05	0.35	-0.15	-0.15	0.25		0.31	ANRGF
BCCEF	-0.09	-0.28	-0.57	-0.15	-0.47	0.08	0.23	0.31		BCCEF
	JPEX	SNRG	JAN	HNRC	AGXXF	ECPL	CHRA	ANRGF	BCCEF

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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

AGXXF	+ 0.71	JAN
JAN	+ 0.56	SNRG
HNRC	+ 0.44	JAN
AGXXF	+ 0.36	HNRC
ANRGF	+ 0.35	HNRC
CHRA	+ 0.31	JPEX

High negative correlations

BCCEF	- 0.57	JAN
ECPL	- 0.54	SNRG
BCCEF	- 0.47	AGXXF
ECPL	- 0.45	JAN
CHRA	- 0.41	AGXXF
ECPL	- 0.4	JPEX

Risk-Adjusted Indicators

There is a big difference between BQE Pink Sheet performing well and BQE Water 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 BQE Water'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
JPEX	3.99	(0.48)	0.00	1.30	0.00	0.00	0.00	0.00	150.00
SNRG	10.37	0.43	0.03	0.72	11.67	(12.72)	28.89	(18.92)	73.28
JAN	4.65	(0.14)	0.00	(0.34)	0.00	0.00	9.07	(7.85)	50.89
HNRC	11.39	1.17	0.10	0.53	11.82	(14.34)	40.35	(17.50)	83.01
AGXXF	1.13	0.03	0.00	0.04	0.00	0.00	4.58	(5.00)	16.04
ECPL	5.79	1.66	0.00	0.72	0.00	0.00	7.69	(3.85)	159.54
CHRA	5.53	0.77	0.06	(0.16)	6.11	(9.56)	30.70	(11.16)	50.46
ANRGF	5.06	0.95	0.09	2.72	6.08	(8.58)	10.71	(10.59)	79.33
BCCEF	8.56	1.71	0.08	(0.39)	9.18	(21.58)	19.83	(23.70)	99.63

Be your own money manager

Our tools can tell you how much better you can do entering a position in BQE Water without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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