QEP Correlations
QEPCDelisted Stock | USD 12.98 0.02 0.15% |
The current 90-days correlation between QEP Co Inc and PF Industries is -0.05 (i.e., Good diversification). The correlation of QEP 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.
QEP Correlation With Market
Good diversification
The correlation between QEP Co Inc and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding QEP Co Inc and DJI in the same portfolio, assuming nothing else is changed.
QEP |
The ability to find closely correlated positions to QEP could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace QEP 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 QEP - 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 QEP Co Inc to buy it.
Moving together with QEP OTC Stock
0.76 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
Moving against QEP OTC Stock
0.72 | HLMN | Hillman Solutions Corp | PairCorr |
0.64 | J | Jacobs Solutions | PairCorr |
0.63 | TBLT | Toughbuilt Industries | PairCorr |
0.62 | B | Barnes Group | PairCorr |
0.48 | R | Ryder System | PairCorr |
0.46 | SNA | Snap On | PairCorr |
0.82 | DE | Deere Company Buyout Trend | PairCorr |
0.73 | BW | Babcock Wilcox Enter | PairCorr |
0.68 | IR | Ingersoll Rand Sell-off Trend | PairCorr |
0.67 | CW | Curtiss Wright | PairCorr |
0.61 | GE | GE Aerospace Fiscal Year End 28th of January 2025 | PairCorr |
0.51 | EH | Ehang Holdings | PairCorr |
0.48 | BV | BrightView Holdings | PairCorr |
0.46 | AZ | A2Z Smart Technologies | PairCorr |
0.45 | BR | Broadridge Financial | PairCorr |
0.43 | GD | General Dynamics Sell-off Trend | PairCorr |
0.41 | DY | Dycom Industries | PairCorr |
0.4 | CR | Crane Company | PairCorr |
0.4 | GP | GreenPower Motor | PairCorr |
0.38 | KC | Kingsoft Cloud Holdings Tech Boost | PairCorr |
Related Correlations Analysis
0.43 | 0.11 | 0.21 | 0.63 | PFIN | ||
0.43 | 0.62 | 0.43 | 0.61 | NOBH | ||
0.11 | 0.62 | 0.83 | 0.62 | JCTCF | ||
0.21 | 0.43 | 0.83 | 0.67 | ORBT | ||
0.63 | 0.61 | 0.62 | 0.67 | QCRH | ||
Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between QEP OTC Stock performing well and QEP OTC Stock 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 QEP'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
PFIN | 1.39 | 0.45 | 0.20 | 1.49 | 1.33 | 3.15 | 11.88 | |||
NOBH | 1.51 | 0.17 | 0.02 | (19.81) | 1.99 | 6.44 | 15.50 | |||
JCTCF | 1.79 | 0.06 | (0.02) | (0.08) | 2.50 | 3.14 | 12.88 | |||
ORBT | 0.49 | 0.08 | (0.01) | (0.56) | 0.53 | 1.76 | 7.44 | |||
QCRH | 1.42 | 0.16 | 0.17 | 0.16 | 1.13 | 3.56 | 16.24 |
QEP Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with QEP otc stock to make a market-neutral strategy. Peer analysis of QEP could also be used in its relative valuation, which is a method of valuing QEP by comparing valuation metrics with similar companies.
Risk & Return | Correlation |
QEP Corporate Management
Elected by the shareholders, the QEP's board of directors comprises two types of representatives: QEP inside directors who are chosen from within the company, and outside directors, selected externally and held independent of QEP. The board's role is to monitor QEP's management team and ensure that shareholders' interests are well served. QEP's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, QEP's outside directors are responsible for providing unbiased perspectives on the board's policies.
Mark CPA | Sr CFO | Profile | |
Terry Hirschman | Pres Operation | Profile | |
Enos Brown | VP | Profile | |
Susan Gould | Secretary | Profile | |
Adam Morgan | Sr Counsel | Profile |
Still Interested in QEP Co Inc?
Investing in delisted otcs can be risky, as the otc stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.