Q Gold Correlations
| QGR Stock | CAD 0.04 0.00 0.00% |
The correlation of Q Gold 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 Q Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Q Gold Resources 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.
Average diversification
The correlation between Q Gold Resources and NYA is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Q Gold Resources and NYA in the same portfolio, assuming nothing else is changed.
QGR |
The ability to find closely correlated positions to Q Gold could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Q Gold 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 Q Gold - 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 Q Gold Resources to buy it.
Moving against QGR Stock
| 0.56 | RY-PM | Royal Bank | PairCorr |
| 0.5 | BOFA | Bank of America | PairCorr |
| 0.49 | RY-PJ | Royal Bank | PairCorr |
| 0.43 | JPM | JPMorgan Chase | PairCorr |
| 0.41 | RY-PH | Royal Bank | PairCorr |
Related Correlations Analysis
Please specify at least 3 valid symbols having historical data to build a meaningful correlation cloud. You can use symbol search above to locate your securities.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Q Gold 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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Q Gold Corporate Management
Elected by the shareholders, the Q Gold's board of directors comprises two types of representatives: Q Gold inside directors who are chosen from within the company, and outside directors, selected externally and held independent of QGR. The board's role is to monitor Q Gold's management team and ensure that shareholders' interests are well served. Q Gold'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, Q Gold's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Kenny Choi | Corporate Secretary | Profile | |
| Peter Michel | Chief Officer | Profile | |
| BSc LLB | Co Sec | Profile | |
| Andreas FSAIMM | VP CEO | Profile | |
| Karsten Eden | VP Exploration | Profile |
Already Invested in Q Gold Resources?
The danger of trading Q Gold Resources 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 Q Gold 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 Q Gold. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Q Gold Resources 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.
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Q Gold Resources. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
Complementary Tools for QGR Stock analysis
When running Q Gold's price analysis, check to measure Q Gold'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 Q Gold is operating at the current time. Most of Q Gold's value examination focuses on studying past and present price action to predict the probability of Q Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Q Gold's price. Additionally, you may evaluate how the addition of Q Gold to your portfolios can decrease your overall portfolio volatility.
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