Qiagen NV Correlations
| QGEN Stock | USD 43.26 0.62 1.45% |
The correlation of Qiagen NV 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Qiagen NV moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Qiagen NV moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Very weak diversification
The correlation between Qiagen NV and NYA is 0.56 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Qiagen NV and NYA in the same portfolio, assuming nothing else is changed.
Qiagen |
The ability to find closely correlated positions to Qiagen NV could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Qiagen NV 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 Qiagen NV - 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 Qiagen NV to buy it.
Moving together with Qiagen Stock
| 0.71 | A | Agilent Technologies Fiscal Year End 18th of November 2024 | PairCorr |
| 0.63 | DMAC | DiaMedica Therapeutics | PairCorr |
| 0.65 | DNLI | Denali Therapeutics | PairCorr |
| 0.79 | VCYT | Veracyte | PairCorr |
Moving against Qiagen Stock
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 Qiagen Stock performing well and Qiagen NV 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 Qiagen NV'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ACRS | 2.66 | (0.20) | 0.00 | (0.13) | 0.00 | 4.44 | 22.34 | |||
| NEOG | 1.85 | (0.44) | 0.00 | (0.22) | 0.00 | 3.24 | 12.56 | |||
| RDNT | 1.73 | 0.65 | 0.45 | 0.45 | 1.00 | 4.02 | 21.32 | |||
| MYGN | 2.04 | 0.07 | 0.04 | 0.07 | 2.09 | 5.43 | 24.08 | |||
| FONR | 2.03 | (0.60) | 0.00 | (0.50) | 0.00 | 4.14 | 13.55 | |||
| XGN | 3.41 | 0.14 | 0.03 | 0.21 | 4.26 | 8.52 | 32.68 | |||
| SERA | 3.39 | 0.17 | 0.02 | (0.29) | 4.83 | 5.54 | 29.16 | |||
| BNR | 2.98 | (0.19) | 0.00 | (0.12) | 0.00 | 6.07 | 29.24 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Qiagen NV 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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Qiagen NV Corporate Management
Elected by the shareholders, the Qiagen NV's board of directors comprises two types of representatives: Qiagen NV inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Qiagen. The board's role is to monitor Qiagen NV's management team and ensure that shareholders' interests are well served. Qiagen NV's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Qiagen NV's outside directors are responsible for providing unbiased perspectives on the board's policies.
| John Gilardi | VP of Corporate Communications and Investor Relations | Profile | |
| Stephane Bancel | Independent Member of the Supervisory Board | Profile | |
| JeanPascal Viola | Senior Area | Profile | |
| Elaine Mardis | Independent Member of the Supervisory Board | Profile | |
| Thomas Ebeling | Independent Member of the Supervisory Board | Profile |
Already Invested in Qiagen NV?
The danger of trading Qiagen NV is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Qiagen NV is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Qiagen NV. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Qiagen NV is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Qiagen NV offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Qiagen NV's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Qiagen Nv Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Qiagen Nv Stock: Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Qiagen NV. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income. To learn how to invest in Qiagen Stock, please use our How to Invest in Qiagen NV guide.Note that the Qiagen NV information on this page should be used as a complementary analysis to other Qiagen NV's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
Complementary Tools for Qiagen Stock analysis
When running Qiagen NV's price analysis, check to measure Qiagen NV's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Qiagen NV is operating at the current time. Most of Qiagen NV's value examination focuses on studying past and present price action to predict the probability of Qiagen NV's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Qiagen NV's price. Additionally, you may evaluate how the addition of Qiagen NV to your portfolios can decrease your overall portfolio volatility.
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Is Qiagen NV's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Qiagen NV. If investors know Qiagen will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Qiagen NV listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.06) | Earnings Share 1.52 | Revenue Per Share 8.733 | Quarterly Revenue Growth (0.06) | Return On Assets 0.0456 |
The market value of Qiagen NV is measured differently than its book value, which is the value of Qiagen that is recorded on the company's balance sheet. Investors also form their own opinion of Qiagen NV's value that differs from its market value or its book value, called intrinsic value, which is Qiagen NV's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Qiagen NV's market value can be influenced by many factors that don't directly affect Qiagen NV's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Qiagen NV's value and its price as these two are different measures arrived at by different means. Investors typically determine if Qiagen NV is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Qiagen NV's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.