Qilian International Correlations

Delisted . USA . 
Stock . Qilian International Holding
QLIDelisted Stock  USD 8.08  0.12  1.46%   
The correlation of Qilian International 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.

Qilian International Correlation With Market

Good diversification

The correlation between Qilian International Holding and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Qilian International Holding and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Your Equity Center to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Moving together with Qilian Stock

  0.75CVX Chevron Corp Fiscal Year End 7th of February 2025 PairCorr
  0.82CAT Caterpillar Fiscal Year End 3rd of February 2025 PairCorr
  0.8CSCO Cisco Systems Aggressive PushPairCorr
  0.66TRV The Travelers Companies Fiscal Year End 17th of January 2025 PairCorr
  0.68BAC Bank of America Aggressive PushPairCorr
  0.7HPQ HP IncPairCorr
  0.61XOM Exxon Mobil Corp Fiscal Year End 7th of February 2025 PairCorr
  0.85WMT Walmart Aggressive PushPairCorr
  0.85AXP American Express Fiscal Year End 24th of January 2025 PairCorr
  0.86AA Alcoa Corp Fiscal Year End 15th of January 2025 PairCorr

Moving against Qilian Stock

  0.75MRK Merck Company Fiscal Year End 6th of February 2025 PairCorr
  0.75JNJ Johnson Johnson Fiscal Year End 28th of January 2025 PairCorr
  0.74BA Boeing Fiscal Year End 29th of January 2025 PairCorr
  0.72EC Ecopetrol SA ADRPairCorr
  0.63HYMTF Hyundai MotorPairCorr
  0.62TLK Telkom Indonesia TbkPairCorr
  0.6TCHH Trustcash HoldingsPairCorr
  0.55VFSWW VinFast AutoPairCorr
  0.55PFE Pfizer Inc Aggressive PushPairCorr
  0.54SHG Shinhan FinancialPairCorr
  0.39WF Woori Financial GroupPairCorr

Related Correlations Analysis

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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   
JPM
+ 0.84
CRM
CRM
+ 0.75
T
XOM
+ 0.71
META
XOM
+ 0.68
CRM
CRM
+ 0.66
META
JPM
+ 0.65
F
  
High negative correlations   
MRK
- 0.92
CRM
MRK
- 0.83
JPM
MRK
- 0.77
T
JPM
- 0.64
A
XOM
- 0.56
MRK
MRK
- 0.55
META

Risk-Adjusted Indicators

There is a big difference between Qilian Stock performing well and Qilian International 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 Qilian International'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
META  1.06  0.02 (0.01) 0.15  1.41 
(1.14)
 2.62 
(3.15)
 8.02 
MSFT  0.88 (0.08)(0.07) 0.01  1.51 
(0.83)
 2.09 
(1.85)
 8.19 
UBER  1.62 (0.12)(0.05) 0.00  2.25 
(1.79)
 2.69 
(2.44)
 20.10 
F  1.41 (0.13)(0.03) 0.03  2.20 
(1.39)
 2.53 
(2.90)
 11.21 
T  0.92  0.26  0.13 (10.00) 0.86 
(1.04)
 2.56 
(1.72)
 6.47 
A  1.14 (0.13) 0.00 (0.12) 0.00 
 0.00 
 2.29 
(2.42)
 9.02 
CRM  1.28  0.26  0.21  0.35  0.91 
(1.51)
 3.18 
(1.91)
 9.09 
JPM  1.12  0.00  0.06  0.12  1.44 
(1.17)
 2.05 
(2.00)
 15.87 
MRK  0.88 (0.24) 0.00 (0.81) 0.00 
 0.00 
 2.00 
(2.13)
 4.89 
XOM  1.03  0.00 (0.04) 0.12  1.25 
(1.10)
 2.14 
(2.09)
 5.78 

Delisting Warning - QLI

Qilian International was delisted

The entity Qilian International Holding with a symbol QLI was delisted from NASDAQ Exchange. Please try Qilian International Holding with a symbol BGM from now on. Check all delisted instruments accross multiple markets.

Qilian International Corporate Management

Chen XinChief OfficerProfile
Yaxuan ZhaiChief OfficerProfile
Zhanchang XinPresident, ChairmanProfile
Haiping ShiChief OfficerProfile

Still Interested in Qilian International Holding?

Investing in delisted delisted stocks can be risky, as the 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.
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