QNB Corp Correlations

QNBC Stock

USD 35.50 0.50 1.43%

The current 90-days correlation between QNB Corp and Commercial National Financial is -0.01 (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

Significant diversification

The correlation between QNB Corp and DJI is 0.08 (i.e., Significant 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 together with QNB Pink Sheet

0.8	SSNLF	Samsung Electronics	Pair Corr
0.63	CSCO	Cisco Systems	Pair Corr
0.68	PFE	Pfizer Inc	Pair Corr

Moving against QNB Pink Sheet

0.87	AA	Alcoa Corp	Pair Corr
0.82	PBCRY	Bank Central Asia	Pair Corr
0.81	BKRKY	Bank Rakyat	Pair Corr
0.8	PPERY	Bank Mandiri Persero	Pair Corr
0.8	PTAIY	Astra International Tbk	Pair Corr
0.75	HPQ	HP Inc	Pair Corr
0.74	PPERF	Bank Mandiri Persero	Pair Corr
0.71	PBCRF	PT Bank Central	Pair Corr
0.71	CAT	Caterpillar	Pair Corr
0.69	XOM	Exxon Mobil Corp	Pair Corr
0.68	TLKMF	Telkom Indonesia Tbk	Pair Corr
0.65	HD	Home Depot	Pair Corr
0.61	TLK	Telkom Indonesia Tbk Downward Rally	Pair Corr
0.61	TRV	The Travelers Companies	Pair Corr
0.5	MRK	Merck Company Aggressive Push	Pair Corr
0.47	PG	Procter Gamble	Pair Corr
0.45	MSFT	Microsoft	Pair Corr
0.38	BKRKF	PT Bank Rakyat	Pair Corr
0.37	BAC	Bank of America Aggressive Push	Pair Corr

Related Correlations Analysis

	EFIN	CEFC	MIFF	APLO	CTYP	FIDS	FXLG	STBI	GNRV
EFIN		0.84	0.28	0.72	0.66	0.31	0.85	0.0	0.94	EFIN
CEFC	0.84		0.56	0.51	0.78	0.59	0.88	0.0	0.81	CEFC
MIFF	0.28	0.56		-0.15	0.61	0.7	0.47	0.0	0.15	MIFF
APLO	0.72	0.51	-0.15		0.27	-0.09	0.52	0.0	0.79	APLO
CTYP	0.66	0.78	0.61	0.27		0.54	0.81	0.0	0.65	CTYP
FIDS	0.31	0.59	0.7	-0.09	0.54		0.4	0.0	0.19	FIDS
FXLG	0.85	0.88	0.47	0.52	0.81	0.4		0.0	0.86	FXLG
STBI	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	STBI
GNRV	0.94	0.81	0.15	0.79	0.65	0.19	0.86	0.0		GNRV
	EFIN	CEFC	MIFF	APLO	CTYP	FIDS	FXLG	STBI	GNRV

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

GNRV	+ 0.94	EFIN
FXLG	+ 0.88	CEFC
GNRV	+ 0.86	FXLG
FXLG	+ 0.85	EFIN
CEFC	+ 0.84	EFIN
GNRV	+ 0.81	CEFC

High negative correlations

APLO	- 0.15	MIFF
FIDS	- 0.09	APLO
GNRV	- 0.0	STBI
STBI	- 0.0	FXLG
STBI	- 0.0	FIDS
STBI	- 0.0	CTYP

Risk-Adjusted Indicators

There is a big difference between QNB Pink Sheet performing well and QNB Corp 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 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
EFIN	0.95	0.22	0.08	(0.73)	1.25	(1.88)	2.78	(1.70)	17.40
CEFC	0.96	0.22	0.11	(1.99)	1.09	(1.60)	2.94	(2.33)	10.33
MIFF	0.77	0.15	0.06	(0.44)	0.90	(2.29)	3.30	(2.42)	9.33
APLO	1.15	0.25	0.09	0.53	1.25	(2.21)	3.67	(2.31)	17.90
CTYP	1.21	0.08	0.02	(0.10)	2.55	(3.44)	3.10	(3.33)	12.12
FIDS	1.61	0.19	0.07	(1.73)	1.82	(4.29)	5.21	(3.88)	16.93
FXLG	0.29	0.13	0.00	1.81	0.00	0.00	1.66	(0.03)	3.09
STBI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
GNRV	1.24	0.50	0.21	7.88	0.57	(2.76)	3.95	(2.00)	9.85

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.

Did you try this?

Run Premium Stories Now

Premium Stories

Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope

All Next

Launch Module

QNB Corp Corporate Management

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

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC