Quaint Oak Correlations
| QNTO Stock | USD 10.60 0.06 0.56% |
The current 90-days correlation between Quaint Oak Bancorp and Home Federal Bancorp is 0.24 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Quaint Oak moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Quaint Oak Bancorp moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Quaint Oak Correlation With Market
Good diversification
The correlation between Quaint Oak Bancorp and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Quaint Oak Bancorp and DJI in the same portfolio, assuming nothing else is changed.
Quaint |
The ability to find closely correlated positions to Quaint Oak could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Quaint Oak 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 Quaint Oak - 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 Quaint Oak Bancorp to buy it.
Moving together with Quaint OTC Stock
Moving against Quaint OTC Stock
| 0.66 | SSNLF | Samsung Electronics | PairCorr |
| 0.45 | AXP | American Express | PairCorr |
| 0.37 | PFE | Pfizer Inc | PairCorr |
| 0.32 | JPM | JPMorgan Chase | PairCorr |
Related Correlations Analysis
| 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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Quaint OTC Stock performing well and Quaint Oak 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 Quaint Oak'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| HFBL | 1.67 | 0.08 | 0.06 | (0.36) | 2.19 | 6.19 | 13.32 | |||
| HMNF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| OFED | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| CWBC | 0.95 | (0.18) | 0.00 | (0.31) | 0.00 | 2.28 | 6.01 | |||
| CULL | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| MGYR | 1.11 | 0.08 | 0.07 | 0.06 | 1.40 | 3.00 | 6.74 | |||
| HVBC | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| IROQ | 1.34 | 0.12 | 0.09 | 0.29 | 1.80 | 2.87 | 10.54 | |||
| LNKB | 1.49 | 0.05 | 0.00 | (0.03) | 0.00 | 3.36 | 8.31 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Quaint Oak 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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Quaint Oak Corporate Executives
Elected by the shareholders, the Quaint Oak's board of directors comprises two types of representatives: Quaint Oak inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Quaint. The board's role is to monitor Quaint Oak's management team and ensure that shareholders' interests are well served. Quaint Oak'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, Quaint Oak's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Diane Colyer | COO, Principal Accounting Officer, Facilities Security Officer, Corporate Secretary and Corporate Secretary of Quaint Oak Bank, | Profile |