Quantum EMotion Correlations
| QNC Stock | CAD 4.26 0.07 1.62% |
The current 90-days correlation between Quantum eMotion Corp and Blackline Safety Corp is -0.12 (i.e., Good diversification). The correlation of Quantum EMotion 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. If the correlation is 0, the equities are not correlated; they are entirely random.
Quantum EMotion Correlation With Market
Poor diversification
The correlation between Quantum eMotion Corp and DJI is 0.75 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Quantum eMotion Corp and DJI in the same portfolio, assuming nothing else is changed.
Quantum |
The ability to find closely correlated positions to Quantum EMotion could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Quantum EMotion 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 Quantum EMotion - 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 Quantum eMotion Corp to buy it.
Moving together with Quantum Stock
| 0.69 | MKO | Mako Mining Corp | PairCorr |
| 0.75 | TRU | Trius Investments | PairCorr |
| 0.67 | WAST | Waste Management CDR | PairCorr |
| 0.65 | BTO | B2Gold Corp Earnings Call This Week | PairCorr |
| 0.65 | PML | Panoro Minerals | PairCorr |
| 0.82 | ENB-PFC | Enbridge Pref 11 | PairCorr |
| 0.8 | SBI | Serabi Gold PLC | PairCorr |
| 0.74 | CIA | Champion Iron | PairCorr |
| 0.82 | MGG | Minaurum Silver | PairCorr |
| 0.79 | GENM | Generation Mining | PairCorr |
| 0.66 | TUF | Honey Badger Silver | PairCorr |
| 0.71 | RKR | ROKMASTER Resources Corp | PairCorr |
| 0.62 | TMG | Thermal Energy Inter | PairCorr |
| 0.74 | YES | CHAR Technologies | PairCorr |
| 0.65 | TI | Titan Mining Corp | PairCorr |
| 0.84 | CU-PH | Canadian Utilities | PairCorr |
| 0.76 | MS | Morgan Stanley CDR | PairCorr |
| 0.71 | PGDC | Patagonia Gold Corp | PairCorr |
| 0.81 | SGR-U | Slate Grocery REIT | PairCorr |
Moving against Quantum Stock
| 0.75 | NFLX | Netflix Inc CDR | PairCorr |
| 0.57 | AAPL | Apple Inc CDR | PairCorr |
| 0.57 | AAPL | Apple CDR | PairCorr |
| 0.4 | MSFT | Microsoft Corp CDR | PairCorr |
| 0.4 | MSFT | Microsoft CDR | PairCorr |
Related Correlations Analysis
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
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Risk-Adjusted Indicators
There is a big difference between Quantum Stock performing well and Quantum EMotion 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 Quantum EMotion'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BLN | 1.46 | (0.19) | 0.00 | (1.35) | 0.00 | 2.91 | 9.38 | |||
| REAL | 2.32 | (0.04) | 0.00 | 0.03 | 2.96 | 4.95 | 25.28 | |||
| TSAT | 3.72 | 0.03 | 0.00 | 0.11 | 6.08 | 7.32 | 32.34 | |||
| CVO | 2.34 | (0.12) | 0.00 | (0.06) | 0.00 | 4.57 | 21.21 | |||
| TCS | 1.82 | (0.57) | 0.00 | (1.00) | 0.00 | 3.14 | 12.96 | |||
| ET | 1.16 | 0.36 | 0.28 | 0.77 | 0.81 | 2.18 | 15.34 | |||
| CMG | 1.69 | (0.35) | 0.00 | (0.52) | 0.00 | 2.87 | 22.76 | |||
| FLT | 3.85 | (0.06) | 0.00 | (0.07) | 0.00 | 10.00 | 21.35 | |||
| ONE | 5.54 | (0.61) | 0.00 | (1.20) | 0.00 | 12.90 | 27.82 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Quantum EMotion 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?
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Quantum EMotion Corporate Executives
Elected by the shareholders, the Quantum EMotion's board of directors comprises two types of representatives: Quantum EMotion inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Quantum. The board's role is to monitor Quantum EMotion's management team and ensure that shareholders' interests are well served. Quantum EMotion'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, Quantum EMotion's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Marc Rousseau | CFO Secretary | Profile | |
| Edward Moore | CTO Board | Profile |