Q2 Metals Correlations
| QTWO Stock | 0.76 0.02 2.56% |
The current 90-days correlation between Q2 Metals Corp and Faraday Copper Corp is 0.3 (i.e., Weak diversification). The correlation of Q2 Metals 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.
Q2 Metals Correlation With Market
Average diversification
The correlation between Q2 Metals Corp and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Q2 Metals Corp and DJI in the same portfolio, assuming nothing else is changed.
QTWO |
The ability to find closely correlated positions to Q2 Metals could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Q2 Metals 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 Q2 Metals - 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 Q2 Metals Corp to buy it.
Moving together with QTWO Stock
Moving against QTWO Stock
| 0.59 | MRU | Metro Inc | PairCorr |
| 0.5 | TCS | TECSYS Inc | PairCorr |
| 0.5 | RX | Biosyent | PairCorr |
| 0.5 | ECN | ECN Capital Corp | PairCorr |
| 0.5 | ENB-PFC | Enbridge Pref 11 | PairCorr |
| 0.46 | IMP | Intermap Technologies | PairCorr |
| 0.39 | AMZ | Azucar Minerals | PairCorr |
| 0.34 | BAM | Brookfield Asset Man | PairCorr |
| 0.53 | FFH-PJ | Fairfax Financial | PairCorr |
| 0.51 | FC | Firm Capital Mortgage | PairCorr |
| 0.47 | GOOG | Alphabet CDR | PairCorr |
| 0.46 | RBA | Ritchie Bros Auctioneers | PairCorr |
| 0.45 | EMO | Emerita Resources Corp | PairCorr |
| 0.45 | SRES | Sun Residential Real | PairCorr |
| 0.45 | LQWD | LQwD FinTech Corp | PairCorr |
| 0.42 | CLS | Celestica | PairCorr |
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between QTWO Stock performing well and Q2 Metals 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 Q2 Metals' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AG | 2.53 | (0.06) | 0.00 | 0.09 | 0.00 | 5.60 | 22.11 | |||
| IE | 2.85 | 0.05 | 0.01 | 0.11 | 3.62 | 5.09 | 19.26 | |||
| ORE | 2.74 | (0.27) | 0.00 | 8.34 | 0.00 | 5.19 | 16.35 | |||
| FDY | 1.61 | (0.11) | 0.00 | (0.26) | 0.00 | 3.37 | 11.23 | |||
| INFM | 3.45 | (0.74) | 0.00 | 5.57 | 0.00 | 0.00 | 45.00 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Q2 Metals 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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Q2 Metals Corporate Executives
Elected by the shareholders, the Q2 Metals' board of directors comprises two types of representatives: Q2 Metals inside directors who are chosen from within the company, and outside directors, selected externally and held independent of QTWO. The board's role is to monitor Q2 Metals' management team and ensure that shareholders' interests are well served. Q2 Metals' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Q2 Metals' outside directors are responsible for providing unbiased perspectives on the board's policies.