QualTek Services Correlations
| QTEKDelisted Stock | USD 0.01 0.00 0.00% |
The current 90-days correlation between QualTek Services and Charge Enterprises is 0.05 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as QualTek Services moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if QualTek Services moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
QualTek Services Correlation With Market
Good diversification
The correlation between QualTek Services and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding QualTek Services and DJI in the same portfolio, assuming nothing else is changed.
QualTek |
Moving together with QualTek Stock
| 0.83 | VNTN | VentureNet Capital | PairCorr |
| 0.93 | JNJ | Johnson Johnson Earnings Call Tomorrow | PairCorr |
| 0.73 | DD | Dupont De Nemours Fiscal Year End 4th of February 2025 | PairCorr |
| 0.82 | KO | Coca Cola Sell-off Trend | PairCorr |
| 0.68 | HPQ | HP Inc | PairCorr |
Moving against QualTek Stock
| 0.84 | EXEEW | Expand Energy Symbol Change | PairCorr |
| 0.84 | CSCO | Cisco Systems Aggressive Push | PairCorr |
| 0.84 | AXP | American Express Earnings Call This Week | PairCorr |
| 0.8 | DIS | Walt Disney | PairCorr |
| 0.77 | OPFI | OppFi Inc Buyout Trend | PairCorr |
| 0.75 | 17298CHT8 | US17298CHT80 | PairCorr |
| 0.66 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
| 0.64 | BAC | Bank of America | PairCorr |
| 0.62 | T | ATT Inc Earnings Call Tomorrow | PairCorr |
| 0.56 | MSFT | Microsoft Earnings Call This Week | 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 QualTek Stock performing well and QualTek Services 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 QualTek Services' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CRGE | 3.89 | 0.01 | 0.00 | 0.05 | 5.10 | 12.09 | 27.84 | |||
| KORE | 5.58 | 0.26 | 0.04 | 1.48 | 5.56 | 11.48 | 44.88 | |||
| CNSL | 0.17 | 0.03 | 0.02 | (4.21) | 0.04 | 0.43 | 1.29 | |||
| TV | 2.26 | (0.39) | 0.00 | 2.05 | 0.00 | 4.85 | 20.33 | |||
| FNGR | 3.67 | (0.65) | 0.00 | (0.57) | 0.00 | 7.08 | 54.35 | |||
| IDT | 1.35 | 0.05 | 0.02 | 0.15 | 1.59 | 2.28 | 11.54 | |||
| CCOI | 1.19 | (0.15) | 0.00 | (0.27) | 0.00 | 2.47 | 8.16 | |||
| LBRDA | 1.67 | (0.07) | 0.00 | (0.15) | 0.00 | 3.55 | 21.18 | |||
| RBBN | 1.90 | 0.31 | 0.13 | 0.55 | 1.87 | 5.30 | 13.27 |
QualTek Services 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 QualTek Services stock to make a market-neutral strategy. Peer analysis of QualTek Services could also be used in its relative valuation, which is a method of valuing QualTek Services by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
QualTek Services Corporate Management
| Jay Heaberlin | Pres Wireline | Profile | |
| Elizabeth Downey | Chief Officer | Profile | |
| Christopher Hisey | CEO Director | Profile | |
| Adam Spittler | Chief Officer | Profile | |
| Paul Kestenbaum | G Counsel | Profile | |
| Tom Mix | Pres Logistics | Profile | |
| Michael Williams | Chief Officer | Profile |
Still Interested in QualTek Services?
Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.