Qualstar Correlations

QBAK Stock

USD 19.50 1.00 4.88%

The current 90-days correlation between Qualstar and EnWave is 0.1 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Qualstar moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Qualstar moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Qualstar Correlation With Market

Poor diversification

The correlation between Qualstar and DJI is 0.79 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Qualstar and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Qualstar could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Qualstar 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 Qualstar - 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 Qualstar to buy it.

Moving together with Qualstar Pink Sheet

0.71	BA	Boeing	Pair Corr
0.8	MRK	Merck Company Aggressive Push	Pair Corr
0.85	WMT	Walmart Common Stock Aggressive Push	Pair Corr
0.77	DD	Dupont De Nemours Earnings Call This Week	Pair Corr

Moving against Qualstar Pink Sheet

0.66	MSFT	Microsoft	Pair Corr
0.63	HPQ	HP Inc	Pair Corr
0.31	DECAU	Denali Capital Acqui	Pair Corr

Related Correlations Analysis

	NHHHF	RLLCF	NRPI	GTII	CTRNF	GRNWF	NWVCF	AUSI	GCEI	PYRGF
NHHHF		0.54	-0.2	-0.2	0.26	0.11	0.32	-0.31	0.51	0.37	NHHHF
RLLCF	0.54		0.18	0.04	-0.21	0.19	0.23	0.2	0.32	-0.22	RLLCF
NRPI	-0.2	0.18		0.6	-0.2	0.3	-0.13	0.79	-0.63	-0.63	NRPI
GTII	-0.2	0.04	0.6		-0.11	0.25	0.11	0.45	-0.5	-0.36	GTII
CTRNF	0.26	-0.21	-0.2	-0.11		-0.02	0.39	-0.3	-0.09	0.5	CTRNF
GRNWF	0.11	0.19	0.3	0.25	-0.02		0.09	0.17	0.08	0.02	GRNWF
NWVCF	0.32	0.23	-0.13	0.11	0.39	0.09		-0.13	-0.01	0.3	NWVCF
AUSI	-0.31	0.2	0.79	0.45	-0.3	0.17	-0.13		-0.55	-0.75	AUSI
GCEI	0.51	0.32	-0.63	-0.5	-0.09	0.08	-0.01	-0.55		0.37	GCEI
PYRGF	0.37	-0.22	-0.63	-0.36	0.5	0.02	0.3	-0.75	0.37		PYRGF
	NHHHF	RLLCF	NRPI	GTII	CTRNF	GRNWF	NWVCF	AUSI	GCEI	PYRGF

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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

AUSI	+ 0.79	NRPI
GTII	+ 0.6	NRPI
RLLCF	+ 0.54	NHHHF
GCEI	+ 0.51	NHHHF
PYRGF	+ 0.5	CTRNF
AUSI	+ 0.45	GTII

High negative correlations

PYRGF	- 0.75	AUSI
PYRGF	- 0.63	NRPI
GCEI	- 0.63	NRPI
GCEI	- 0.55	AUSI
GCEI	- 0.5	GTII
PYRGF	- 0.36	GTII

Risk-Adjusted Indicators

There is a big difference between Qualstar Pink Sheet performing well and Qualstar 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 Qualstar'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
NHHHF	4.14	(0.59)	0.00	(0.26)	0.00	0.00	20.00	(20.00)	50.00
RLLCF	4.59	(0.31)	0.00	(0.37)	0.00	0.00	11.43	(10.53)	37.13
NRPI	6.76	(0.40)	0.00	(6.63)	0.00	0.00	15.87	(19.53)	52.78
GTII	636.88	337.21	6.20	6.80	45.36	(1,108)	366.67	(75.00)	11,934
CTRNF	1.84	0.26	0.00	(0.36)	0.00	0.00	5.26	0.00	76.39
GRNWF	3.18	(0.21)	0.00	(0.08)	0.00	0.00	7.14	(10.53)	29.41
NWVCF	3.29	0.01	0.00	0.05	3.84	(4.75)	8.00	(6.90)	21.46
AUSI	11.08	0.10	0.01	0.08	13.25	(20.52)	40.00	(30.00)	109.51
GCEI	5.59	0.38	0.07	0.20	5.59	(6.82)	13.89	(9.24)	52.75
PYRGF	4.52	0.30	0.04	2.93	4.04	(10.26)	11.76	(7.14)	42.11

Be your own money manager

Our tools can tell you how much better you can do entering a position in Qualstar 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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