Queens Road Correlations
The correlation of Queens Road 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.
Queens |
The ability to find closely correlated positions to Queens Road could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Queens Road 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 Queens Road - 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 Queens Road Capital to buy it.
Related Correlations Analysis
| 0.85 | 0.86 | 0.52 | 0.88 | 0.14 | FFXDF | ||
| 0.85 | 0.95 | 0.6 | 0.9 | 0.18 | BLK | ||
| 0.86 | 0.95 | 0.7 | 0.91 | 0.33 | KKR | ||
| 0.52 | 0.6 | 0.7 | 0.76 | 0.76 | APO | ||
| 0.88 | 0.9 | 0.91 | 0.76 | 0.41 | BAM | ||
| 0.14 | 0.18 | 0.33 | 0.76 | 0.41 | CG | ||
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Risk-Adjusted Indicators
There is a big difference between Queens Pink Sheet performing well and Queens Road 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 Queens Road'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FFXDF | 0.61 | 0.02 | (0.04) | 0.13 | 0.84 | 1.72 | 4.75 | |||
| BLK | 0.91 | 0.15 | 0.13 | 0.24 | 0.87 | 2.03 | 4.78 | |||
| KKR | 1.46 | 0.14 | 0.09 | 0.18 | 2.02 | 3.05 | 13.11 | |||
| APO | 1.60 | 0.07 | 0.05 | 0.13 | 2.62 | 3.46 | 13.61 | |||
| BAM | 1.26 | 0.19 | 0.13 | 0.23 | 1.40 | 3.43 | 6.87 | |||
| CG | 1.88 | 0.02 | 0.05 | 0.11 | 2.59 | 4.09 | 13.04 |
Queens Road Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Queens Road pink sheet to make a market-neutral strategy. Peer analysis of Queens Road could also be used in its relative valuation, which is a method of valuing Queens Road by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Queens Road Corporate Management
| Karen Dyczkowski | Corporate Secretary | Profile | |
| Monita Farris | Co Sec | Profile | |
| Vicki Cook | Chief Officer | Profile | |
| Alex BCom | Pres Director | Profile |