Questor Technology Correlations

QUTIF Stock

USD 0.24 0.04 14.29%

The current 90-days correlation between Questor Technology and Fuel Tech is -0.06 (i.e., Good diversification). The correlation of Questor Technology 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.

Questor Technology Correlation With Market

Significant diversification

The correlation between Questor Technology and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Questor Technology and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Questor Pink Sheet

0.74	DIS	Walt Disney Earnings Call This Week	Pair Corr
0.7	PG	Procter Gamble	Pair Corr
0.52	T	ATT Inc Earnings Call This Week	Pair Corr
0.51	IBM	International Business Upward Rally	Pair Corr
0.5	DNOW	Now Inc	Pair Corr
0.48	BAC	Bank of America Sell-off Trend	Pair Corr
0.45	HD	Home Depot	Pair Corr
0.44	VZ	Verizon Communications	Pair Corr
0.41	TRV	The Travelers Companies	Pair Corr

Related Correlations Analysis

	FSS	ERII	CECO	SCWO	COSLF	ZWS	MKUL	FTEK	ATMU
FSS		-0.6	0.78	-0.73	0.0	0.63	0.62	-0.05	0.5	FSS
ERII	-0.6		-0.67	0.88	0.0	0.09	-0.71	0.01	0.07	ERII
CECO	0.78	-0.67		-0.68	0.0	0.33	0.68	0.09	0.12	CECO
SCWO	-0.73	0.88	-0.68		0.0	-0.13	-0.82	0.17	0.0	SCWO
COSLF	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	COSLF
ZWS	0.63	0.09	0.33	-0.13	0.0		0.0	0.12	0.74	ZWS
MKUL	0.62	-0.71	0.68	-0.82	0.0	0.0		-0.23	-0.22	MKUL
FTEK	-0.05	0.01	0.09	0.17	0.0	0.12	-0.23		0.18	FTEK
ATMU	0.5	0.07	0.12	0.0	0.0	0.74	-0.22	0.18		ATMU
	FSS	ERII	CECO	SCWO	COSLF	ZWS	MKUL	FTEK	ATMU

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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

SCWO	+ 0.88	ERII
CECO	+ 0.78	FSS
ATMU	+ 0.74	ZWS
MKUL	+ 0.68	CECO
ZWS	+ 0.63	FSS
MKUL	+ 0.62	FSS

High negative correlations

MKUL	- 0.82	SCWO
SCWO	- 0.73	FSS
MKUL	- 0.71	ERII
SCWO	- 0.68	CECO
CECO	- 0.67	ERII
ERII	- 0.6	FSS

Risk-Adjusted Indicators

There is a big difference between Questor Pink Sheet performing well and Questor Technology 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 Questor Technology'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
FSS	1.29	0.18	0.09	0.40	1.37	(1.32)	3.45	(2.12)	10.12
ERII	1.90	(0.32)	0.00	(0.34)	0.00	0.00	3.08	(4.39)	25.56
CECO	2.50	0.18	0.02	2.94	3.61	(2.54)	4.62	(5.19)	17.86
SCWO	3.35	(1.75)	0.00	(1.30)	0.00	0.00	5.71	(7.37)	33.60
COSLF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ZWS	0.98	0.06	0.02	0.19	1.14	(1.05)	1.82	(1.69)	8.09
MKUL	5.20	0.64	0.12	0.54	5.02	(6.31)	12.15	(8.91)	36.49
FTEK	1.45	(0.03)	0.00	(0.09)	0.00	0.00	2.97	(2.94)	16.48
ATMU	1.21	0.07	0.02	0.20	1.59	(1.30)	2.74	(2.38)	11.93

Be your own money manager

Our tools can tell you how much better you can do entering a position in Questor Technology 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.

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