Quice Food Correlations

QUICE Stock

6.74 0.06 0.88%

The current 90-days correlation between Quice Food Industries and Air Link Communication is 0.24 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Quice Food moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Quice Food Industries moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Quice Food Correlation With Market

Average diversification

The correlation between Quice Food Industries 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 Quice Food Industries and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Quice Stock

0.66	SHFA	Shifa International	Pair Corr
0.62	SILK	Silkbank	Pair Corr
0.65	NBP	National Bank	Pair Corr
0.67	LUCK	Lucky Cement Split	Pair Corr

Moving against Quice Stock

0.31

PSO

Pakistan State Oil

Pair Corr

Related Correlations Analysis

	AIRLINK	TOMCL	FFL	PABC	AKDHL	GAL	BBFL	UPFL
AIRLINK		0.67	0.62	0.44	0.34	-0.66	0.7	-0.75	AIRLINK
TOMCL	0.67		0.38	0.78	-0.02	-0.7	0.68	-0.73	TOMCL
FFL	0.62	0.38		0.18	0.05	-0.2	0.74	-0.41	FFL
PABC	0.44	0.78	0.18		-0.24	-0.75	0.51	-0.63	PABC
AKDHL	0.34	-0.02	0.05	-0.24		-0.01	-0.07	-0.13	AKDHL
GAL	-0.66	-0.7	-0.2	-0.75	-0.01		-0.6	0.84	GAL
BBFL	0.7	0.68	0.74	0.51	-0.07	-0.6		-0.69	BBFL
UPFL	-0.75	-0.73	-0.41	-0.63	-0.13	0.84	-0.69		UPFL
	AIRLINK	TOMCL	FFL	PABC	AKDHL	GAL	BBFL	UPFL

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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

UPFL	+ 0.84	GAL
PABC	+ 0.78	TOMCL
BBFL	+ 0.74	FFL
BBFL	+ 0.7	AIRLINK
BBFL	+ 0.68	TOMCL
TOMCL	+ 0.67	AIRLINK

High negative correlations

GAL	- 0.75	PABC
UPFL	- 0.75	AIRLINK
UPFL	- 0.73	TOMCL
GAL	- 0.7	TOMCL
UPFL	- 0.69	BBFL
GAL	- 0.66	AIRLINK

Risk-Adjusted Indicators

There is a big difference between Quice Stock performing well and Quice Food 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 Quice Food'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
AIRLINK	1.89	0.03	0.04	0.01	2.67	(1.85)	3.72	(3.61)	16.98
TOMCL	1.53	0.04	0.08	0.42	1.69	(1.92)	4.37	(2.94)	10.15
FFL	2.28	0.20	0.09	0.27	2.54	(2.67)	5.52	(4.71)	15.64
PABC	2.08	0.00	0.00	(0.11)	0.00	0.00	4.56	(3.49)	12.15
AKDHL	1.69	0.00	0.06	(0.11)	1.79	(2.83)	5.01	(3.54)	15.44
GAL	2.78	0.71	0.30	(2.69)	2.47	(3.49)	7.81	(3.65)	17.62
BBFL	2.67	(0.13)	0.00	2.68	0.00	0.00	6.77	(5.91)	19.62
UPFL	0.84	0.17	0.29	(1.58)	0.69	(0.89)	2.17	(1.40)	5.60

Be your own money manager

Our tools can tell you how much better you can do entering a position in Quice Food 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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