Quebecor Correlations

QBCRF Stock

USD 36.70 0.20 0.54%

The current 90-days correlation between Quebecor and freenet AG is 0.13 (i.e., Average 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 -0.11 (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

0.68	XOM	Exxon Mobil Corp	Pair Corr
0.81	MRK	Merck Company Aggressive Push	Pair Corr
0.88	TRV	The Travelers Companies	Pair Corr
0.79	PFE	Pfizer Inc	Pair Corr
0.72	DD	Dupont De Nemours	Pair Corr
0.74	CSCO	Cisco Systems Sell-off Trend	Pair Corr
0.79	JNJ	Johnson Johnson	Pair Corr

Moving against Quebecor Pink Sheet

0.75	STI	Solidion Technology	Pair Corr
0.74	MSFT	Microsoft	Pair Corr
0.54	PG	Procter Gamble	Pair Corr
0.38	AAGH	America Great Health	Pair Corr
0.31	T	ATT Inc	Pair Corr

Related Correlations Analysis

	FRTAY	TELDF	LBRDA	BZQIY	BZQIF	ELMUF	AXXTF	BCEXF	TCPFF	PHTCF
FRTAY		-0.04	-0.18	0.45	0.77	0.0	0.0	0.55	0.42	0.0	FRTAY
TELDF	-0.04		0.55	-0.49	-0.15	0.0	0.0	-0.25	-0.38	0.0	TELDF
LBRDA	-0.18	0.55		-0.24	-0.13	0.0	0.0	-0.25	-0.58	0.0	LBRDA
BZQIY	0.45	-0.49	-0.24		0.52	0.0	0.0	0.44	0.27	0.0	BZQIY
BZQIF	0.77	-0.15	-0.13	0.52		0.0	0.0	0.62	0.54	0.0	BZQIF
ELMUF	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	ELMUF
AXXTF	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	AXXTF
BCEXF	0.55	-0.25	-0.25	0.44	0.62	0.0	0.0		0.71	0.0	BCEXF
TCPFF	0.42	-0.38	-0.58	0.27	0.54	0.0	0.0	0.71		0.0	TCPFF
PHTCF	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		PHTCF
	FRTAY	TELDF	LBRDA	BZQIY	BZQIF	ELMUF	AXXTF	BCEXF	TCPFF	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

BZQIF	+ 0.77	FRTAY
TCPFF	+ 0.71	BCEXF
BCEXF	+ 0.62	BZQIF
BCEXF	+ 0.55	FRTAY
LBRDA	+ 0.55	TELDF
TCPFF	+ 0.54	BZQIF

High negative correlations

TCPFF	- 0.58	LBRDA
BZQIY	- 0.49	TELDF
TCPFF	- 0.38	TELDF
BCEXF	- 0.25	LBRDA
BCEXF	- 0.25	TELDF
BZQIY	- 0.24	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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
FRTAY	0.30	0.02	0.26	0.29	0.00	10.35
TELDF	1.41	(0.01)	0.09	0.00	0.00	30.97
LBRDA	1.43	(0.49)	(0.30)	2.54	(3.83)	7.37
BZQIY	1.16	0.34	(0.78)	4.92	0.00	21.28
BZQIF	0.94	0.26	3.51	0.00	0.00	24.01
ELMUF	0.00	0.00	0.00	0.00	0.00	0.00
AXXTF	0.00	0.00	0.00	0.00	0.00	0.00
BCEXF	0.05	0.02	(0.15)	0.00	0.00	1.52
TCPFF	3.71	2.31	(0.37)	0.00	0.00	118.75
PHTCF	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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