QNB Corp Correlations

QNBC Stock

USD 35.25 0.28 0.80%

The current 90-days correlation between QNB Corp and ENB Financial Corp is -0.02 (i.e., Good diversification). The correlation of QNB Corp 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.

QNB Corp Correlation With Market

Good diversification

The correlation between QNB Corp and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding QNB Corp and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against QNB OTC Stock

0.4	MMM	3M Company	Pair Corr
0.39	AXP	American Express	Pair Corr
0.37	IBM	International Business	Pair Corr

Related Correlations Analysis

	ENBP	EMYB	CMTV	CSBB	MSWV	SBKO	ARBV	CNBN	FGFH	BKUTK
ENBP		0.64	0.84	0.31	0.78	0.69	0.65	0.78	0.83	0.55	ENBP
EMYB	0.64		0.89	0.67	0.63	0.89	0.95	0.67	0.76	0.85	EMYB
CMTV	0.84	0.89		0.62	0.78	0.92	0.92	0.84	0.88	0.8	CMTV
CSBB	0.31	0.67	0.62		0.17	0.68	0.62	0.53	0.28	0.62	CSBB
MSWV	0.78	0.63	0.78	0.17		0.66	0.7	0.64	0.93	0.51	MSWV
SBKO	0.69	0.89	0.92	0.68	0.66		0.9	0.77	0.81	0.81	SBKO
ARBV	0.65	0.95	0.92	0.62	0.7	0.9		0.71	0.83	0.82	ARBV
CNBN	0.78	0.67	0.84	0.53	0.64	0.77	0.71		0.76	0.67	CNBN
FGFH	0.83	0.76	0.88	0.28	0.93	0.81	0.83	0.76		0.66	FGFH
BKUTK	0.55	0.85	0.8	0.62	0.51	0.81	0.82	0.67	0.66		BKUTK
	ENBP	EMYB	CMTV	CSBB	MSWV	SBKO	ARBV	CNBN	FGFH	BKUTK

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Risk-Adjusted Indicators

There is a big difference between QNB OTC Stock performing well and QNB Corp 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 QNB Corp'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
ENBP	0.93	0.25	0.09	(1.06)	0.96	(1.34)	2.62	(1.80)	12.40
EMYB	0.33	0.06	(0.03)	0.80	0.00	(0.74)	1.10	(0.52)	3.63
CMTV	0.42	0.13	0.10	0.96	0.00	(0.96)	1.29	(0.85)	3.42
CSBB	1.01	0.14	0.04	(3.05)	1.09	(1.41)	3.52	(2.28)	7.49
MSWV	0.51	0.12	0.05	1.30	0.42	(0.77)	1.72	(1.05)	4.76
SBKO	0.38	0.17	0.22	2.93	0.00	(0.68)	1.25	(0.37)	2.67
ARBV	0.38	0.08	0.03	0.69	0.24	(0.68)	1.70	(0.68)	4.11
CNBN	1.22	0.23	0.07	0.32	1.80	(1.98)	3.85	(1.68)	23.42
FGFH	0.56	0.38	0.82	3.78	0.00	(0.82)	1.59	(0.46)	4.72
BKUTK	1.30	0.08	0.01	0.39	1.57	(1.75)	2.51	(2.99)	8.53

Be your own money manager

Our tools can tell you how much better you can do entering a position in QNB Corp 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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QNB Corp Corporate Management

Elected by the shareholders, the QNB Corp's board of directors comprises two types of representatives: QNB Corp inside directors who are chosen from within the company, and outside directors, selected externally and held independent of QNB. The board's role is to monitor QNB Corp's management team and ensure that shareholders' interests are well served. QNB Corp'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, QNB Corp's outside directors are responsible for providing unbiased perspectives on the board's policies.

Scott Orzehoski	Chief Lending Officer of QNB Bank and Executive VP of QNB Bank	Profile
Tiffany Pompei	VP Officer	Profile
William Marks	VP Officer	Profile
Mary Liddle	Principal Accounting Officer	Profile
CIA CPA	Ex CFO	Profile

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