Qed Connect Correlations

QEDN Stock

USD 0.0003 0.0001 50.00%

The current 90-days correlation between Qed Connect and Scepter Holdings is -0.15 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Qed Connect moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Qed Connect moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Qed Connect Correlation With Market

Good diversification

The correlation between Qed Connect and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Qed Connect and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Qed Pink Sheet

0.39	K	Kellanova	Pair Corr
0.58	GLBXF	Globex Mining Enterprises	Pair Corr
0.57	SRBT	Shanrong Biotechnology	Pair Corr
0.49	HGBL	Heritage Global	Pair Corr
0.49	ELP	Companhia Paranaense	Pair Corr
0.39	FREKF	freee KK	Pair Corr
0.37	MTTR	Matterport	Pair Corr
0.37	MBAV	M3 Brigade Acquisition	Pair Corr
0.35	MSLVF	Mantaro Silver Corp	Pair Corr
0.33	WF	Woori Financial Group	Pair Corr
0.54	BACQU	Bleichroeder Acquisition	Pair Corr
0.53	GOTRF	Goliath Resources	Pair Corr
0.42	COOTW	Australian Oilseeds	Pair Corr
0.42	HERF	Red Oak Hereford	Pair Corr
0.35	FATBP	FAT Brands	Pair Corr
0.31	UMCN	UMC Inc	Pair Corr

Related Correlations Analysis

	BRZL	NHMD	SHRG	SNAX	BDPT	BLEG	GHAV	BTTR	SENEB	CENTA
BRZL		0.41	0.0	-0.34	0.47	0.21	0.04	-0.76	0.47	0.0	BRZL
NHMD	0.41		0.53	-0.67	0.72	0.61	0.19	-0.61	0.56	-0.29	NHMD
SHRG	0.0	0.53		-0.74	0.67	0.72	0.1	-0.27	0.25	-0.26	SHRG
SNAX	-0.34	-0.67	-0.74		-0.75	-0.66	-0.02	0.54	-0.36	0.27	SNAX
BDPT	0.47	0.72	0.67	-0.75		0.79	0.0	-0.62	0.57	-0.27	BDPT
BLEG	0.21	0.61	0.72	-0.66	0.79		0.01	-0.38	0.36	-0.13	BLEG
GHAV	0.04	0.19	0.1	-0.02	0.0	0.01		-0.18	-0.07	0.15	GHAV
BTTR	-0.76	-0.61	-0.27	0.54	-0.62	-0.38	-0.18		-0.55	0.19	BTTR
SENEB	0.47	0.56	0.25	-0.36	0.57	0.36	-0.07	-0.55		-0.33	SENEB
CENTA	0.0	-0.29	-0.26	0.27	-0.27	-0.13	0.15	0.19	-0.33		CENTA
	BRZL	NHMD	SHRG	SNAX	BDPT	BLEG	GHAV	BTTR	SENEB	CENTA

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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

BLEG	+ 0.79	BDPT
BDPT	+ 0.72	NHMD
BLEG	+ 0.72	SHRG
BDPT	+ 0.67	SHRG
BLEG	+ 0.61	NHMD
SENEB	+ 0.57	BDPT

High negative correlations

BTTR	- 0.76	BRZL
BDPT	- 0.75	SNAX
SNAX	- 0.74	SHRG
SNAX	- 0.67	NHMD
BLEG	- 0.66	SNAX
BTTR	- 0.62	BDPT

Risk-Adjusted Indicators

There is a big difference between Qed Pink Sheet performing well and Qed Connect 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 Qed Connect'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
BRZL	14.81	4.07	0.24	3.72	12.18	(22.77)	40.00	(23.08)	145.24
NHMD	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SHRG	23.83	7.10	0.27	(2.08)	16.03	(62.77)	99.00	(33.50)	263.03
SNAX	4.43	0.01	0.00	(0.09)	0.00	0.00	12.05	(7.50)	50.79
BDPT	11.76	2.67	0.17	1.47	12.11	(16.88)	28.36	(25.00)	72.63
BLEG	9.13	1.99	0.12	0.63	8.03	(23.27)	33.33	(16.67)	80.00
GHAV	4.11	(0.05)	0.00	0.47	0.00	0.00	16.67	(16.67)	65.08
BTTR	3.66	(0.25)	0.00	(0.30)	0.00	0.00	5.56	(6.71)	30.68
SENEB	1.94	0.56	0.21	(1.80)	1.65	(3.34)	7.46	(4.83)	18.81
CENTA	1.52	(0.11)	0.00	(0.50)	0.00	0.00	2.53	(3.57)	11.78

Be your own money manager

Our tools can tell you how much better you can do entering a position in Qed Connect 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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