Quest Resource Correlations
QRHC Stock | USD 2.82 0.12 4.08% |
The correlation of Quest Resource 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.
Quest Resource Correlation With Market
Modest diversification
The correlation between Quest Resource Holding and DJI is 0.26 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Quest Resource Holding and DJI in the same portfolio, assuming nothing else is changed.
Quest |
Moving together with Quest Stock
0.87 | BV | BrightView Holdings | PairCorr |
0.76 | FC | Franklin Covey Earnings Call Tomorrow | PairCorr |
0.83 | EXPO | Exponent | PairCorr |
0.65 | BCO | Brinks Company | PairCorr |
0.66 | BRC | Brady | PairCorr |
0.74 | CIX | CompX International | PairCorr |
0.92 | FORR | Forrester Research | PairCorr |
0.9 | DLX | Deluxe | PairCorr |
0.69 | EFX | Equifax | PairCorr |
0.85 | FCN | FTI Consulting | PairCorr |
0.84 | HNI | HNI Corp | PairCorr |
0.82 | FVRR | Fiverr International | PairCorr |
0.8 | KBR | KBR Inc | PairCorr |
0.85 | MSA | MSA Safety | PairCorr |
0.89 | RGP | Resources Connection | PairCorr |
0.91 | RHI | Robert Half International | PairCorr |
0.88 | TBI | TrueBlue | PairCorr |
0.89 | HSON | Hudson Global | PairCorr |
Moving against Quest Stock
0.78 | KC | Kingsoft Cloud Holdings | PairCorr |
0.77 | WM | Waste Management | PairCorr |
0.71 | GDS | GDS Holdings Earnings Call Today | PairCorr |
0.67 | G | Genpact Limited | PairCorr |
0.66 | VSEC | VSE Corporation | PairCorr |
0.65 | GFL | Gfl Environmental | PairCorr |
0.63 | MG | Mistras Group | PairCorr |
0.39 | ACU | Acme United | PairCorr |
0.35 | ADP | Automatic Data Processing | PairCorr |
0.8 | HURN | Huron Consulting | PairCorr |
0.77 | PAGS | PagSeguro Digital | PairCorr |
0.68 | WNS | WNS Holdings | PairCorr |
0.54 | PYCR | Paycor HCM | PairCorr |
0.5 | INOD | Innodata | PairCorr |
0.46 | HDSN | Hudson Technologies | PairCorr |
0.31 | IIIV | i3 Verticals | PairCorr |
Related Correlations Analysis
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | HSC | ||
0.0 | 0.0 | -0.01 | -0.3 | 0.0 | 0.59 | CWST | ||
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | SRCL | ||
0.0 | -0.01 | 0.0 | 0.58 | 0.0 | -0.17 | MEG | ||
0.0 | -0.3 | 0.0 | 0.58 | 0.0 | -0.48 | CLH | ||
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | HCCI | ||
0.0 | 0.59 | 0.0 | -0.17 | -0.48 | 0.0 | WCN | ||
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
|
Risk-Adjusted Indicators
There is a big difference between Quest Stock performing well and Quest Resource 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 Quest Resource'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
HSC | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
CWST | 1.26 | 0.10 | 0.10 | 0.11 | 1.21 | 3.12 | 7.44 | |||
SRCL | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
MEG | 3.80 | (0.05) | 0.00 | 0.10 | 0.00 | 7.20 | 48.62 | |||
CLH | 1.19 | (0.27) | 0.00 | (0.40) | 0.00 | 2.10 | 7.28 | |||
HCCI | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
WCN | 0.77 | 0.11 | 0.16 | 0.16 | 0.79 | 1.94 | 5.46 |
Quest Resource Corporate Management
Timothy Semones | VP Operations | Profile | |
Brett Johnston | Secretary VP | Profile | |
Nick Ober | Senior Operations | Profile | |
Matthew Lewis | VP Sales | Profile | |
Perry Moss | Chief Officer | Profile |