Quest Resource Correlations
QRHC Stock | USD 4.43 0.04 0.89% |
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
Average diversification
The correlation between Quest Resource Holding and DJI is 0.12 (i.e., Average 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
0.86 | VLTO | Veralto | PairCorr |
0.89 | DLX | Deluxe | PairCorr |
0.82 | HNI | HNI Corp | PairCorr |
0.72 | ZONE | CleanCore Solutions | PairCorr |
0.78 | ACCO | Acco Brands | PairCorr |
0.81 | BLMZ | BloomZ Ordinary Shares | PairCorr |
0.66 | CDTG | CDT Environmental | PairCorr |
0.71 | J | Jacobs Solutions | PairCorr |
0.93 | BV | BrightView Holdings | PairCorr |
0.91 | BW | Babcock Wilcox Enter | PairCorr |
0.81 | CW | Curtiss Wright | PairCorr |
0.86 | GD | General Dynamics | PairCorr |
Moving against Quest Stock
0.78 | LTBR | Lightbridge Corp | PairCorr |
0.78 | PYCR | Paycor HCM | PairCorr |
0.65 | MG | Mistras Group Earnings Call Today | PairCorr |
0.62 | INOD | Innodata | PairCorr |
0.49 | TOMZ | TOMI Environmental | PairCorr |
0.34 | MGRC | McGrath RentCorp | PairCorr |
0.31 | AZ | A2Z Smart Technologies | PairCorr |
0.85 | EH | Ehang Holdings | PairCorr |
0.79 | BA | Boeing | PairCorr |
0.79 | BZ | Kanzhun Ltd ADR Earnings Call This Week | PairCorr |
0.74 | GE | GE Aerospace | PairCorr |
0.71 | LZ | LegalZoom | PairCorr |
0.64 | PL | Planet Labs PBC | PairCorr |
0.56 | DE | Deere Company | PairCorr |
0.48 | RR | Richtech Robotics Class | PairCorr |
0.41 | CP | Canadian Pacific Railway | PairCorr |
Related Correlations Analysis
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | HSC | ||
0.0 | 0.0 | -0.07 | 0.08 | 0.0 | 0.67 | CWST | ||
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | SRCL | ||
0.0 | -0.07 | 0.0 | -0.05 | 0.0 | -0.12 | MEG | ||
0.0 | 0.08 | 0.0 | -0.05 | 0.0 | 0.18 | CLH | ||
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | HCCI | ||
0.0 | 0.67 | 0.0 | -0.12 | 0.18 | 0.0 | WCN | ||
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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
| High negative correlations
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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 | 1.13 | 0.04 | 0.06 | 0.03 | 1.14 | 2.43 | 6.17 | |||
SRCL | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
MEG | 3.79 | 0.26 | 0.07 | (0.38) | 4.88 | 7.60 | 48.62 | |||
CLH | 1.17 | (0.26) | 0.00 | (0.50) | 0.00 | 2.15 | 7.53 | |||
HCCI | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
WCN | 0.72 | 0.04 | 0.08 | 0.03 | 0.91 | 1.94 | 4.79 |
Quest Resource Corporate Management
Timothy Semones | VP Operations | Profile | |
Brett Johnston | Secretary VP | Profile | |
Matthew Lewis | VP Sales | Profile | |
Perry Moss | Senior Sales | Profile |