Quebecor Correlations

QBCAF Stock

USD 37.21 0.45 1.19%

The current 90-days correlation between Quebecor and freenet AG is 0.02 (i.e., Significant diversification). The correlation of Quebecor 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.

Quebecor Correlation With Market

Good diversification

The correlation between Quebecor and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Quebecor and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Quebecor Pink Sheet

0.81	PPERF	Bank Mandiri Persero	Pair Corr
0.63	PPERY	Bank Mandiri Persero	Pair Corr
0.63	TLKMF	Telkom Indonesia Tbk	Pair Corr
0.83	HIRU	Hiru	Pair Corr
0.84	CALC	CalciMedica, Common Stock Trending	Pair Corr
0.76	ALVLF	Big Ridge Gold	Pair Corr
0.8	KODK	Eastman Kodak	Pair Corr
0.74	GSVRF	Guanajuato Silver	Pair Corr
0.84	DC	Dakota Gold Corp	Pair Corr
0.67	SPGI	SP Global	Pair Corr
0.82	NGENF	NervGen Pharma Corp	Pair Corr

Moving against Quebecor Pink Sheet

0.63	BKRKF	PT Bank Rakyat	Pair Corr
0.57	T	ATT Inc Sell-off Trend	Pair Corr
0.45	PTAIF	PT Astra International	Pair Corr
0.32	DTEGY	Deutsche Telekom	Pair Corr
0.49	NYMXF	Nymox Pharmaceutical	Pair Corr
0.4	PNW	Pinnacle West Capital	Pair Corr

Related Correlations Analysis

	FRTAY	LBRDA	TELDF	BZQIY	ELMUF	BZQIF	BCEXF	AXXTF	FRTAF	PHTCF
FRTAY		-0.26	-0.24	0.37	-0.4	0.72	0.55	-0.06	-0.46	0.0	FRTAY
LBRDA	-0.26		0.85	-0.71	0.81	-0.42	-0.56	0.18	0.7	0.0	LBRDA
TELDF	-0.24	0.85		-0.79	0.6	-0.33	-0.44	-0.17	0.52	0.0	TELDF
BZQIY	0.37	-0.71	-0.79		-0.46	0.43	0.41	-0.04	-0.32	0.0	BZQIY
ELMUF	-0.4	0.81	0.6	-0.46		-0.55	-0.73	0.12	0.87	0.0	ELMUF
BZQIF	0.72	-0.42	-0.33	0.43	-0.55		0.53	-0.09	-0.58	0.0	BZQIF
BCEXF	0.55	-0.56	-0.44	0.41	-0.73	0.53		-0.11	-0.85	0.0	BCEXF
AXXTF	-0.06	0.18	-0.17	-0.04	0.12	-0.09	-0.11		0.12	0.0	AXXTF
FRTAF	-0.46	0.7	0.52	-0.32	0.87	-0.58	-0.85	0.12		0.0	FRTAF
PHTCF	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		PHTCF
	FRTAY	LBRDA	TELDF	BZQIY	ELMUF	BZQIF	BCEXF	AXXTF	FRTAF	PHTCF

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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

FRTAF	+ 0.87	ELMUF
TELDF	+ 0.85	LBRDA
ELMUF	+ 0.81	LBRDA
BZQIF	+ 0.72	FRTAY
FRTAF	+ 0.7	LBRDA
ELMUF	+ 0.6	TELDF

High negative correlations

FRTAF	- 0.85	BCEXF
BZQIY	- 0.79	TELDF
BCEXF	- 0.73	ELMUF
BZQIY	- 0.71	LBRDA
FRTAF	- 0.58	BZQIF
BCEXF	- 0.56	LBRDA

Risk-Adjusted Indicators

There is a big difference between Quebecor Pink Sheet performing well and Quebecor 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 Quebecor'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
FRTAY	0.28	0.11	0.00	(1.14)	0.00	0.00	0.29	0.00	4.21
LBRDA	1.53	(0.43)	0.00	(0.24)	0.00	0.00	2.94	(3.83)	8.47
TELDF	0.88	(0.22)	0.00	(0.69)	0.00	0.00	0.00	0.00	29.21
BZQIY	1.14	0.27	0.00	0.46	0.00	0.00	4.92	0.00	21.28
ELMUF	0.22	(0.08)	0.00	(1.65)	0.00	0.00	0.00	0.00	6.57
BZQIF	0.88	0.36	0.00	(1.43)	0.00	0.00	0.00	0.00	17.65
BCEXF	0.05	0.01	0.00	0.47	0.00	0.00	0.00	0.00	1.52
AXXTF	2.86	0.26	0.01	(0.28)	4.03	(9.82)	7.84	(11.63)	48.33
FRTAF	0.27	(0.15)	0.00	31.05	0.00	0.00	0.00	0.00	9.18
PHTCF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Be your own money manager

Our tools can tell you how much better you can do entering a position in Quebecor 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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Quebecor Corporate Management

JacquesHerv Roubert	CEO Inc	Profile
Pierre Leaperance	Pres Inc	Profile
Pierre Marchand	Pres Inc	Profile
Lyne Robitaille	Books Newspapers	Profile
Hugues Simard	Chief Officer	Profile
Douglas Bassett	Chairman Board	Profile

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