Qinetiq Group Correlations
| QNTQY Stock | USD 21.69 0.09 0.42% |
The current 90-days correlation between Qinetiq Group PLC and BWX Technologies is 0.32 (i.e., Weak diversification). The correlation of Qinetiq Group 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.
Qinetiq Group Correlation With Market
Average diversification
The correlation between Qinetiq Group PLC and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Qinetiq Group PLC and DJI in the same portfolio, assuming nothing else is changed.
Qinetiq |
The ability to find closely correlated positions to Qinetiq Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Qinetiq Group 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 Qinetiq Group - 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 Qinetiq Group PLC to buy it.
Moving together with Qinetiq Pink Sheet
| 0.64 | LMT | Lockheed Martin Fiscal Year End 28th of January 2025 | PairCorr |
| 0.68 | GD | General Dynamics Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.76 | NOC | Northrop Grumman Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.61 | SHG | Shinhan Financial | PairCorr |
| 0.73 | BCH | Banco De Chile | PairCorr |
| 0.69 | JNJ | Johnson Johnson Sell-off Trend | PairCorr |
| 0.7 | KO | Coca Cola Aggressive Push | PairCorr |
Moving against Qinetiq Pink Sheet
| 0.71 | FNMFO | Federal National Mortgage | PairCorr |
| 0.55 | AVAL | Grupo Aval | PairCorr |
| 0.48 | ITCL | Banco Ita Chile | PairCorr |
| 0.36 | CIB | Bancolombia SA ADR | PairCorr |
| 0.36 | JXN-PA | Jackson Financial | PairCorr |
| 0.33 | KB | KB Financial Group | PairCorr |
| 0.88 | DIS | Walt Disney Sell-off Trend | PairCorr |
| 0.8 | WMT | Walmart Aggressive Push | PairCorr |
| 0.75 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.72 | CVX | Chevron Corp Sell-off Trend | PairCorr |
| 0.68 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.63 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
| 0.58 | CSCO | Cisco Systems Sell-off Trend | PairCorr |
| 0.48 | MET | MetLife Sell-off Trend | PairCorr |
| 0.48 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.48 | HD | Home Depot | PairCorr |
| 0.37 | HPQ | HP Inc | PairCorr |
| 0.34 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | 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 Qinetiq Pink Sheet performing well and Qinetiq Group 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 Qinetiq Group'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| RYCEF | 1.42 | (0.05) | 0.00 | 0.09 | 1.97 | 2.74 | 10.11 | |||
| VTSI | 2.57 | 0.06 | 0.06 | 0.16 | 3.21 | 4.99 | 32.77 | |||
| BWXT | 1.36 | 0.29 | 0.16 | 0.48 | 1.35 | 3.48 | 7.85 | |||
| ERJ | 2.02 | 0.08 | 0.05 | 0.19 | 1.98 | 4.31 | 11.70 | |||
| HEI-A | 1.08 | (0.01) | (0.01) | 0.12 | 1.24 | 2.40 | 5.63 | |||
| EVTL | 6.64 | 0.30 | 0.06 | 0.30 | 6.74 | 16.23 | 35.76 | |||
| RKLB | 4.17 | 2.09 | 0.69 | 0.89 | 2.05 | 12.54 | 36.25 | |||
| RYCEY | 1.37 | (0.04) | 0.00 | 0.10 | 1.72 | 2.52 | 10.31 | |||
| SAFRY | 1.01 | 0.00 | (0.03) | 0.13 | 1.20 | 2.52 | 7.82 | |||
| ATRO | 2.31 | (0.69) | 0.00 | (0.17) | 0.00 | 3.60 | 22.57 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Qinetiq Group 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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Qinetiq Group Corporate Management
| Ian Beresford | Group Technical | Profile | |
| Mike Sewart | Chief Officer | Profile | |
| James Field | Group Sec | Profile | |
| Neville Salkeld | Chief Officer | Profile | |
| Vicky Weise | Chief Officer | Profile | |
| Amanda Nelson | Chief Officer | Profile | |
| Andy Thorp | Group International | Profile |