QQCMF Correlations

QQCMF Stock

0.12 0.01 7.69%

The current 90-days correlation between QQCMF and RCI Hospitality Holdings is -0.03 (i.e., Good diversification). The correlation of QQCMF 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.

QQCMF Correlation With Market

Very weak diversification

The correlation between QQCMF and DJI is 0.51 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding QQCMF and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with QQCMF Pink Sheet

0.64	TSM	Taiwan Semiconductor	Pair Corr
0.73	CYD	China Yuchai Interna Earnings Call This Week	Pair Corr
0.7	TOGOF	TomaGold	Pair Corr
0.71	BNEFF	Bonterra Energy Corp	Pair Corr
0.67	YLLXF	Yellow Cake plc	Pair Corr
0.66	DUK-PA	Duke Energy	Pair Corr
0.77	FRSB	First Resource Bank	Pair Corr
0.89	TLOFF	Talon Metals Corp	Pair Corr

Moving against QQCMF Pink Sheet

0.78	MSFT	Microsoft	Pair Corr
0.53	BAM	Brookfield Asset Man	Pair Corr
0.31	AMZN	Amazon Inc Aggressive Push	Pair Corr
0.41	TOPCF	Topcon	Pair Corr

Related Correlations Analysis

	GCTS	NNN	ELTTF	PKE	XFABF	LSCC	COST	RICK
GCTS		-0.34	0.0	-0.73	-0.37	-0.44	-0.48	0.13	GCTS
NNN	-0.34		0.0	0.68	-0.33	0.72	0.93	-0.23	NNN
ELTTF	0.0	0.0		0.0	0.0	0.0	0.0	0.0	ELTTF
PKE	-0.73	0.68	0.0		0.29	0.81	0.74	-0.02	PKE
XFABF	-0.37	-0.33	0.0	0.29		0.12	-0.19	0.5	XFABF
LSCC	-0.44	0.72	0.0	0.81	0.12		0.7	-0.02	LSCC
COST	-0.48	0.93	0.0	0.74	-0.19	0.7		-0.09	COST
RICK	0.13	-0.23	0.0	-0.02	0.5	-0.02	-0.09		RICK
	GCTS	NNN	ELTTF	PKE	XFABF	LSCC	COST	RICK

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

COST	+ 0.93	NNN
LSCC	+ 0.81	PKE
COST	+ 0.74	PKE
LSCC	+ 0.72	NNN
COST	+ 0.7	LSCC
PKE	+ 0.68	NNN

High negative correlations

PKE	- 0.73	GCTS
COST	- 0.48	GCTS
LSCC	- 0.44	GCTS
XFABF	- 0.37	GCTS
NNN	- 0.34	GCTS
XFABF	- 0.33	NNN

Risk-Adjusted Indicators

There is a big difference between QQCMF Pink Sheet performing well and QQCMF 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 QQCMF'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
GCTS	2.78	0.04	(0.02)	(0.01)	3.20	(3.54)	4.93	(6.19)	35.21
NNN	0.81	0.12	0.05	3.59	0.87	(0.85)	1.58	(1.42)	4.43
ELTTF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PKE	1.83	0.40	0.24	0.45	1.40	(2.27)	4.71	(2.80)	13.02
XFABF	1.34	0.01	(0.01)	0.09	2.13	(4.06)	5.14	(5.20)	21.37
LSCC	2.41	0.55	0.26	0.36	1.85	(2.79)	6.02	(3.54)	21.94
COST	1.00	0.06	0.02	0.20	1.04	(1.13)	2.12	(1.92)	6.35
RICK	2.24	(0.13)	(0.03)	(0.01)	2.75	(2.46)	4.24	(4.42)	19.06

QQCMF Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with QQCMF pink sheet to make a market-neutral strategy. Peer analysis of QQCMF could also be used in its relative valuation, which is a method of valuing QQCMF by comparing valuation metrics with similar companies.

GCT Semiconductor Holding National Retail Properties Elmos Semiconductor SE Park Electrochemical X FAB Silicon Foundries Lattice Semiconductor Costco Wholesale Corp RCI Hospitality Holdings American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne CVS Health Corp

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