Arq Correlations

ARQ Stock

4.80 0.17 3.42%

The current 90-days correlation between Arq Inc and Bragg Gaming Group is 0.15 (i.e., Average diversification). The correlation of Arq 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Arq Correlation With Market

Average diversification

The correlation between Arq Inc and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Arq Inc and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Arq Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Moving together with Arq Stock

0.67	FSS	Federal Signal	Pair Corr
0.7	PCT	Purecycle Technologies	Pair Corr
0.78	ZWS	Zurn Elkay Water	Pair Corr
0.89	LIQT	LiqTech International	Pair Corr
0.71	ADUR	Aduro Clean Technologies	Pair Corr
0.87	SCWO	374Water Common Stock	Pair Corr
0.79	PCTTW	PureCycle Technologies	Pair Corr
0.72	PCTTU	Purecycle Technologies	Pair Corr
0.9	CECO	CECO Environmental Corp	Pair Corr
0.84	DEVS	DevvStream Corp Common Symbol Change	Pair Corr
0.76	J	Jacobs Solutions	Pair Corr
0.93	BV	BrightView Holdings	Pair Corr
0.95	BW	Babcock Wilcox Enter	Pair Corr
0.84	CW	Curtiss Wright	Pair Corr
0.62	DY	Dycom Industries	Pair Corr
0.7	FA	First Advantage Corp	Pair Corr
0.8	GP	GreenPower Motor	Pair Corr
0.81	IR	Ingersoll Rand	Pair Corr

Moving against Arq Stock

0.76	G	Genpact Limited	Pair Corr
0.43	BR	Broadridge Financial	Pair Corr
0.82	LZ	LegalZoom	Pair Corr
0.78	EH	Ehang Holdings	Pair Corr
0.78	KC	Kingsoft Cloud Holdings Earnings Call This Week	Pair Corr
0.71	GE	GE Aerospace	Pair Corr
0.7	DE	Deere Company	Pair Corr
0.65	MG	Mistras Group	Pair Corr
0.45	PC	Premium Catering	Pair Corr
0.43	SB	Safe Bulkers	Pair Corr

Related Correlations Analysis

	BRAG	NTES	VRRM	TTWO	IH	LIND	EVVTY
BRAG		0.77	0.46	0.66	0.15	0.2	-0.45	BRAG
NTES	0.77		0.16	0.59	0.38	-0.03	-0.26	NTES
VRRM	0.46	0.16		-0.1	-0.66	0.68	-0.32	VRRM
TTWO	0.66	0.59	-0.1		0.57	-0.26	-0.16	TTWO
IH	0.15	0.38	-0.66	0.57		-0.68	0.0	IH
LIND	0.2	-0.03	0.68	-0.26	-0.68		0.04	LIND
EVVTY	-0.45	-0.26	-0.32	-0.16	0.0	0.04		EVVTY
	BRAG	NTES	VRRM	TTWO	IH	LIND	EVVTY

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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

NTES	+ 0.77	BRAG
LIND	+ 0.68	VRRM
TTWO	+ 0.66	BRAG
TTWO	+ 0.59	NTES
IH	+ 0.57	TTWO
VRRM	+ 0.46	BRAG

High negative correlations

LIND	- 0.68	IH
IH	- 0.66	VRRM
EVVTY	- 0.45	BRAG
EVVTY	- 0.32	VRRM
LIND	- 0.26	TTWO
EVVTY	- 0.26	NTES

Risk-Adjusted Indicators

There is a big difference between Arq Stock performing well and Arq 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 Arq'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
BRAG	3.20	0.60	0.18	0.52	3.02	(4.26)	10.09	(5.58)	28.30
NTES	1.77	0.25	0.15	0.47	1.98	(1.92)	3.95	(3.97)	15.03
VRRM	1.19	(0.17)	0.00	(0.65)	0.00	0.00	2.19	(2.50)	14.15
TTWO	1.39	0.17	0.14	0.34	1.51	(1.48)	3.00	(2.79)	17.26
IH	2.76	0.94	0.36	(9.00)	2.10	(3.39)	9.49	(4.05)	17.54
LIND	2.62	(0.21)	0.00	(0.27)	0.00	0.00	5.86	(5.50)	17.77
EVVTY	1.71	(0.13)	0.00	(0.47)	0.00	0.00	2.80	(4.02)	9.34

Arq Corporate Management

Lorraine Lang	Vice Resources	Profile
Joseph Wong	Chief Officer	Profile
Jeremy Williamson	Chief Officer	Profile
Garrett Chandler	Vice Sales	Profile
Stacia Hansen	Chief Officer	Profile
Clay Smith	General Secretary	Profile

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