Quebecor Correlations
| QBR-A Stock | CAD 56.66 1.17 2.11% |
Low or negative correlation with other holdings can meaningfully reduce portfolio drawdowns during market stress. The current 90-days correlation between Quebecor and Cogeco Communications is 0.11 (i.e., Good diversification).
Correlation With Market Overview: Quebecor
Near-perfect hedge
For the present investment horizon, the measured correlation between Quebecor and Dow Jones stands at -0.81, or Near-perfect hedge. Lower overlap tends to improve diversification, while higher overlap means both positions carry similar risk.
Quebecor |
Correlation data for Quebecor reflects how it moves relative to similar exposures. Some regulatory frameworks restrict replacement of substantially identical instruments.
Moving Together With Quebecor Stock
Moving Differently From Quebecor Stock
| 0.82 | BOFA | Bank of America | PairCorr |
| 0.74 | JPM | JPMorgan Chase Co | PairCorr |
| 0.48 | BRK | Berkshire Hathaway CDR | PairCorr |
| 0.45 | BRK | Berkshire Hathaway CDR | PairCorr |
| 0.33 | GOOG | Alphabet Inc CDR | PairCorr |
| 0.32 | GOOG | Alphabet CDR (CAD Hedged) | PairCorr |
Related Correlations Analysis
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
| High negative correlations
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Risk-Adjusted Indicators
Return momentum in Quebecor Stock is more useful when tested against peer-relative fundamentals and risk. Without risk-adjusted context, short-term returns may appear stronger than the volatility required to achieve them would suggest. These indicators are quantitative in nature and measure volatility and risk-adjusted expected returns across different positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CCA | 1.10 | -0.02 | 0.00 | -0.04 | 0.00 | 2.07 | 13.59 | |||
| BCE | 0.89 | -0.11 | 0.00 | -1.53 | 0.00 | 1.57 | 5.63 | |||
| CGO | 1.14 | -0.10 | 0.00 | -0.15 | 0.00 | 2.13 | 11.88 | |||
| TGO | 1.99 | 0.07 | 0.02 | 0.35 | 2.65 | 5.88 | 13.73 | |||
| TVA-B | 4.51 | 0.93 | 0.13 | -1.01 | 5.15 | 12.50 | 46.84 | |||
| RCI-A | 1.44 | -0.01 | 0.00 | -0.03 | 1.99 | 2.72 | 11.33 | |||
| RCI-B | 1.33 | 0.02 | 0.01 | 0.06 | 1.83 | 2.16 | 17.21 | |||
| RAY-A | 1.99 | 0.00 | 0.10 | 0.00 | 2.09 | 4.95 | 12.08 |
Be Your Own Money Manager
Serious investors usually evaluate Quebecor in portfolio context because a good security can still be a weak addition if it increases concentration or unnecessary volatility. Comparing expected return, volatility, and correlation before the position is increased or introduced reduces avoidable risk.
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Quebecor Corporate Management
Board and executive analysis for Quebecor is useful because governance quality can influence capital allocation, accountability, and long-term strategic consistency. This becomes more valuable when seeking to compare oversight quality across firms that may otherwise look financially similar.
| Jean Peladeau | Senior VP, CMO & Non-Independent Director | Profile | |
| Patrick Jutras | President of MELS, Senior VP & Chief Advertising Officer | Profile | |
| JacquesHerv Roubert | CEO Inc | Profile | |
| Pierre Leaperance | Pres Inc | Profile | |
| Pierre Marchand | Pres Inc | Profile |