Qed Connect Correlations

QEDN Stock

USD 0.0001 0.0001 50.00%

The current 90-days correlation between Qed Connect and Scepter Holdings is -0.04 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Qed Connect moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Qed Connect moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Qed Connect Correlation With Market

Significant diversification

The correlation between Qed Connect and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Qed Connect and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Qed Pink Sheet

0.7	NSRGF	Nestle SA	Pair Corr
0.72	KHC	Kraft Heinz	Pair Corr
0.61	GIS	General Mills	Pair Corr
0.62	GRBMF	Grupo Bimbo SAB	Pair Corr
0.73	BMBOY	Grupo Bimbo SAB	Pair Corr
0.8	PKX	POSCO Holdings	Pair Corr
0.62	KB	KB Financial Group Earnings Call This Week	Pair Corr

Moving against Qed Pink Sheet

0.8	PLTR	Palantir Technologies Earnings Call This Week	Pair Corr
0.73	V	Visa Class A	Pair Corr
0.72	GILT	Gilat Satellite Networks	Pair Corr
0.64	K	Kellanova Earnings Call This Week	Pair Corr
0.63	VIST	Vista Oil Gas	Pair Corr
0.61	LPTH	LightPath Technologies Earnings Call This Week	Pair Corr
0.56	CHKP	Check Point Software Earnings Call This Week	Pair Corr
0.42	BAMXF	Bayerische Motoren Werke	Pair Corr
0.38	GILD	Gilead Sciences Earnings Call This Week	Pair Corr

Related Correlations Analysis

	BRZL	NHMD	SHRG	SNAX	BDPT	BLEG	GHAV	BTTR	SENEB	CENTA
BRZL		-0.12	-0.52	0.52	-0.39	0.46	0.58	-0.44	-0.39	-0.34	BRZL
NHMD	-0.12		0.15	0.11	0.18	0.12	0.15	-0.3	-0.04	-0.09	NHMD
SHRG	-0.52	0.15		-0.46	0.8	-0.12	-0.45	0.21	0.4	-0.11	SHRG
SNAX	0.52	0.11	-0.46		-0.4	0.68	0.59	-0.63	-0.46	-0.3	SNAX
BDPT	-0.39	0.18	0.8	-0.4		-0.13	-0.52	0.25	0.42	-0.17	BDPT
BLEG	0.46	0.12	-0.12	0.68	-0.13		0.51	-0.63	-0.38	-0.38	BLEG
GHAV	0.58	0.15	-0.45	0.59	-0.52	0.51		-0.6	-0.55	-0.08	GHAV
BTTR	-0.44	-0.3	0.21	-0.63	0.25	-0.63	-0.6		0.45	0.26	BTTR
SENEB	-0.39	-0.04	0.4	-0.46	0.42	-0.38	-0.55	0.45		-0.1	SENEB
CENTA	-0.34	-0.09	-0.11	-0.3	-0.17	-0.38	-0.08	0.26	-0.1		CENTA
	BRZL	NHMD	SHRG	SNAX	BDPT	BLEG	GHAV	BTTR	SENEB	CENTA

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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

BDPT	+ 0.8	SHRG
BLEG	+ 0.68	SNAX
GHAV	+ 0.59	SNAX
GHAV	+ 0.58	BRZL
SNAX	+ 0.52	BRZL
GHAV	+ 0.51	BLEG

High negative correlations

BTTR	- 0.63	BLEG
BTTR	- 0.63	SNAX
BTTR	- 0.6	GHAV
SENEB	- 0.55	GHAV
GHAV	- 0.52	BDPT
SHRG	- 0.52	BRZL

Risk-Adjusted Indicators

There is a big difference between Qed Pink Sheet performing well and Qed Connect 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 Qed Connect'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
BRZL	17.37	2.02	0.07	(0.33)	17.65	(28.98)	50.00	(40.00)	139.74
NHMD	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SHRG	23.79	10.60	0.29	(1.20)	13.86	(69.74)	99.00	(28.81)	263.03
SNAX	3.34	(0.20)	0.00	(3.01)	0.00	0.00	6.41	(7.06)	29.38
BDPT	23.39	5.25	0.23	0.61	20.66	(34.19)	83.33	(40.00)	283.33
BLEG	5.55	0.50	0.02	0.36	8.06	(31.13)	25.00	(16.67)	70.00
GHAV	4.75	0.21	0.01	(1.47)	6.76	(17.65)	14.29	(16.67)	54.29
BTTR	4.08	0.24	0.05	0.27	4.33	(4.82)	9.20	(7.14)	22.90
SENEB	1.50	0.24	0.08	1.04	1.52	(2.61)	4.02	(3.10)	17.89
CENTA	1.43	0.10	0.03	0.59	1.60	(1.56)	3.15	(2.45)	10.79

Be your own money manager

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