Qtec First Correlations

QABA
 Etf
  

USD 56.50  0.81  1.45%   

The correlation of Qtec First is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Qtec First moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Qtec First Trust moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
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The ability to find closely correlated positions to Qtec First could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Qtec First 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 Qtec First - 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 Qtec First Trust to buy it.

Moving together with Qtec First

0.81XLFSP 500 FinancialsPairCorr
0.84VFHFinancial ETF VanguardPairCorr
0.98KRESP Regional BankingPairCorr
0.97KBESP Bank ETFPairCorr
0.84IYFUS Financials IsharesPairCorr
0.84FNCLFidelity Financials MSCIPairCorr
0.89IYGUS Financial ServicesPairCorr
0.81FXOFinancial Alphadex ETFPairCorr
0.89IATUS Regional BanksPairCorr
0.93VTITotal Stock MarketPairCorr
0.93SPYSP 500 SPDRPairCorr
0.74BNDTotal Bond MarketPairCorr
0.93IVVSP 500 IsharesPairCorr
0.72VTVVanguard Value ETFPairCorr
0.64VEAFTSE Developed MarketsPairCorr
0.93VUGVanguard Growth ETFPairCorr
0.91VOMidcap ETF VanguardPairCorr
0.93VBSmallcap ETF VanguardPairCorr

Moving against Qtec First

0.55VZVerizon CommunicationsPairCorr

Related Correlations

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Correlation Matchups

The Correlation Coefficient is a useful tool to identify correlated or non-correlated securities, which is essential in developing a diversified portfolio. It tells us the relationship between two positions you have in your portfolio or considering acquiring. Over a given time period, the two securities movetogether 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   
AMSFT
FMSFT
AF
XOMJPM
CRMMSFT
CRMA
  
High negative correlations   
JPMUBER
XOMUBER
TF
TTWTR
TUBER
MRKTWTR

Qtec First Competition Risk-Adjusted Indicators

Nowadays, there is a big difference between Qtec First stock performing well and Qtec First ETF doing well compared to the competition. There are way too many exceptions to the normal that investors can tell for sure what's good or bad unless they analyze Qtec First's multiple risk-adjusted performance indicators. 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
Information
Ratio
Expected
Shortfall
Potential
Upside
Value
At Risk
Maximum
Drawdown
TWTR 2.28 (0.13)  0.00 (0.10)  0.00 (0.0424)  0.00  4.00 (5.55)  17.65 
MSFT 1.64  0.07  0.04  0.10  2.02  0.0431 (1.74)  2.97 (4.10)  7.83 
UBER 3.52  0.52  0.13  0.35  3.81  0.12 (3.72)  6.40 (7.08)  21.38 
F 2.59  0.21  0.08  0.15  2.86  0.08 (2.83)  5.32 (4.03)  16.84 
T 1.11 (0.13)  0.00 (0.15)  0.00 (0.09)  0.00  2.00 (2.45)  10.60 
A 1.82  0.19  0.10  0.21  1.88  0.09 (2.09)  4.22 (3.15)  8.98 
CRM 2.47  0.16  0.07  0.14  2.83  0.06 (2.72)  5.77 (4.63)  16.84 
JPM 1.45 (0.06) (0.03)  0.00  1.57 (0.026) (1.78)  3.03 (2.43)  10.79 
MRK 0.97  0.02 (0.01)  0.09  1.22 (0.0118) (0.98)  1.83 (2.50)  6.96 
XOM 1.94  0.16  0.05  0.23  2.59  0.06 (1.85)  3.33 (3.96)  10.43 

Be your own money manager

Our tools can tell you how much better you can do entering a position in Qtec First without increasing your portfolio risk or giving up 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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Invested in Qtec First Trust?

You need to understand the risk of investing before taking a position in Qtec First. The danger of trading Qtec First Trust is mainly related to its market volatility and ETF specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Qtec First is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Qtec First. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Qtec First Trust is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Please see Your Equity Center. Note that the Qtec First Trust information on this page should be used as a complementary analysis to other Qtec First's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.

Complementary Tools for Qtec First Etf analysis

When running Qtec First Trust price analysis, check to measure Qtec First's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Qtec First is operating at the current time. Most of Qtec First's value examination focuses on studying past and present price action to predict the probability of Qtec First's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Qtec First's price. Additionally, you may evaluate how the addition of Qtec First to your portfolios can decrease your overall portfolio volatility.
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The market value of Qtec First Trust is measured differently than its book value, which is the value of Qtec First that is recorded on the company's balance sheet. Investors also form their own opinion of Qtec First's value that differs from its market value or its book value, called intrinsic value, which is Qtec First's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Qtec First's market value can be influenced by many factors that don't directly affect Qtec First's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Qtec First's value and its price as these two are different measures arrived at by different means. Investors typically determine Qtec First value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Qtec First's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.