Questerre Energy Correlations
| QEC Stock | CAD 0.24 0.01 4.00% |
The current 90-days correlation between Questerre Energy and Yangarra Resources is 0.2 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Questerre Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Questerre Energy moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Questerre Energy Correlation With Market
Average diversification
The correlation between Questerre Energy and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Questerre Energy and DJI in the same portfolio, assuming nothing else is changed.
Questerre |
The ability to find closely correlated positions to Questerre Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Questerre Energy 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 Questerre Energy - 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 Questerre Energy to buy it.
Moving together with Questerre Stock
Related Correlations Analysis
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Our tools can tell you how much better you can do entering a position in Questerre Energy 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.Did you try this?
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Questerre Energy Corporate Executives
Elected by the shareholders, the Questerre Energy's board of directors comprises two types of representatives: Questerre Energy inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Questerre. The board's role is to monitor Questerre Energy's management team and ensure that shareholders' interests are well served. Questerre Energy's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Questerre Energy's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Jason DSilva | Chief Financial Officer | Profile |