Borqs Technologies Correlations
| BRQSDelisted Stock | USD 0.20 0.00 0.00% |
The current 90-days correlation between Borqs Technologies and Trust Stamp is -0.09 (i.e., Good diversification). The correlation of Borqs Technologies 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.
Borqs Technologies Correlation With Market
Significant diversification
The correlation between Borqs Technologies 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 Borqs Technologies and DJI in the same portfolio, assuming nothing else is changed.
Borqs |
Moving together with Borqs Stock
| 0.72 | BKRKF | PT Bank Rakyat | PairCorr |
| 0.78 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.75 | PPERF | Bank Mandiri Persero | PairCorr |
| 0.7 | PBCRY | Bank Central Asia | PairCorr |
| 0.71 | PBCRF | PT Bank Central | PairCorr |
| 0.78 | BKRKY | Bank Rakyat | PairCorr |
| 0.7 | TLK | Telkom Indonesia Tbk | PairCorr |
Moving against Borqs Stock
| 0.79 | GIFI | Gulf Island Fabrication | PairCorr |
| 0.78 | PETS | PetMed Express | PairCorr |
| 0.78 | MAR | Marriott International | PairCorr |
| 0.78 | ZWS | Zurn Elkay Water | PairCorr |
| 0.77 | CNOBP | ConnectOne Bancorp | PairCorr |
| 0.77 | GLABF | Gemina Laboratories Earnings Call Today | PairCorr |
| 0.77 | XMTR | Xometry | PairCorr |
| 0.7 | HAFC | Hanmi Financial Fiscal Year End 28th of January 2025 | PairCorr |
| 0.69 | BAC | Bank of America Fiscal Year End 10th of January 2025 | PairCorr |
| 0.63 | M | Macys Inc | PairCorr |
| 0.62 | BSGM | BioSig Technologies, | PairCorr |
| 0.61 | ESGLW | ESGL Holdings Limited | PairCorr |
| 0.6 | EVGR | Evergreen Corp | PairCorr |
| 0.43 | SSNLF | Samsung Electronics | PairCorr |
| 0.43 | CEROW | CERo Therapeutics Symbol Change | PairCorr |
| 0.43 | GM | General Motors Aggressive Push | PairCorr |
| 0.41 | AXTG | Axis Technologies | PairCorr |
| 0.37 | CRAI | CRA International | PairCorr |
| 0.82 | SAPMF | Saipem SpA | PairCorr |
| 0.81 | FNMFO | Federal National Mortgage | PairCorr |
| 0.8 | YPF | YPF Sociedad Anonima | PairCorr |
| 0.8 | AS | Amer Sports, | PairCorr |
| 0.8 | OBYCF | Obayashi | PairCorr |
| 0.79 | HUT | Hut 8 Corp Upward Rally | PairCorr |
| 0.79 | RELY | Remitly Global | PairCorr |
| 0.78 | TGTX | TG Therapeutics | PairCorr |
| 0.77 | GLPPRB | Global Partners LP | PairCorr |
| 0.76 | DASH | DoorDash, Class A | 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 Borqs Stock performing well and Borqs Technologies 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 Borqs Technologies' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CXAI | 4.34 | 0.02 | 0.01 | 0.05 | 5.31 | 9.15 | 46.87 | |||
| IDAI | 10.30 | 2.82 | 0.21 | (90.08) | 8.81 | 21.62 | 160.36 | |||
| FRGT | 5.49 | (0.24) | 0.00 | 1.03 | 0.00 | 13.54 | 29.01 | |||
| IFBD | 5.14 | 0.56 | 0.08 | 3.08 | 5.65 | 11.00 | 65.71 | |||
| MTC | 7.58 | 0.12 | 0.00 | (0.01) | 9.40 | 15.36 | 89.27 | |||
| BLBX | 2.57 | (0.34) | 0.00 | (0.64) | 0.00 | 6.15 | 24.81 | |||
| NOGN | 3.81 | (1.43) | 0.00 | (2.07) | 0.00 | 6.30 | 29.19 | |||
| VS | 9.32 | 2.86 | 0.45 | 2.38 | 4.79 | 14.38 | 266.77 |
Borqs Technologies 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 Borqs Technologies stock to make a market-neutral strategy. Peer analysis of Borqs Technologies could also be used in its relative valuation, which is a method of valuing Borqs Technologies by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Still Interested in Borqs Technologies?
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.