Qwest Corp Correlations

CTBB Stock

USD 19.25 0.06 0.31%

The current 90-days correlation between Qwest Corp NT and Qwest Corp 6 is 0.89 (i.e., Very poor diversification). The correlation of Qwest Corp 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.

Qwest Corp Correlation With Market

Weak diversification

The correlation between Qwest Corp NT and DJI is 0.34 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Qwest Corp NT and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Qwest Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Qwest Corp NT. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

Moving together with Qwest Stock

0.82	KT	KT Corporation Potential Growth	Pair Corr
0.68	BCE	BCE Inc	Pair Corr
0.83	TLK	Telkom Indonesia Tbk	Pair Corr
0.86	VIV	Telefonica Brasil	Pair Corr
0.81	IRDM	Iridium Communications Earnings Call This Week	Pair Corr
0.75	RPID	Rapid Micro Biosystems	Pair Corr
0.78	TIMB	TIM Participacoes	Pair Corr
0.83	Z	Zillow Group Class	Pair Corr
0.79	BZ	Kanzhun Ltd ADR	Pair Corr
0.7	EB	Eventbrite Class A	Pair Corr
0.68	SE	Sea	Pair Corr
0.76	SY	So Young International Trending	Pair Corr
0.68	TC	TuanChe ADR	Pair Corr
0.87	TU	Telus Corp	Pair Corr
0.69	TV	Grupo Televisa SAB Earnings Call This Week	Pair Corr
0.88	WB	Weibo Corp	Pair Corr
0.85	ZG	Zillow Group	Pair Corr
0.67	ZH	Zhihu Inc ADR	Pair Corr
0.72	DLPN	Dolphin Entertainment	Pair Corr
0.73	VENU	Venu Holding	Pair Corr
0.63	VSME	VS Media Holdings	Pair Corr

Moving against Qwest Stock

0.93	ATEX	Anterix	Pair Corr
0.57	PHI	PLDT Inc ADR	Pair Corr
0.36	VZ	Verizon Communications Earnings Call This Week	Pair Corr
0.69	GDEVW	Nexters Warrant	Pair Corr
0.6	BOC	Boston Omaha Corp	Pair Corr
0.59	WIMI	WiMi Hologram Cloud	Pair Corr
0.56	CCG	Cheche Group Class Earnings Call This Week	Pair Corr
0.46	ANGHW	Anghami Warrants	Pair Corr
0.42	EPWK	EPWK Holdings	Pair Corr
0.36	FLNT	Fluent Inc	Pair Corr

Related Correlations Analysis

	CTDD	EAI	QVCD	TBB
CTDD		0.52	0.57	0.18	CTDD
EAI	0.52		0.05	0.13	EAI
QVCD	0.57	0.05		0.64	QVCD
TBB	0.18	0.13	0.64		TBB
	CTDD	EAI	QVCD	TBB

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Risk-Adjusted Indicators

There is a big difference between Qwest Stock performing well and Qwest Corp 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 Qwest Corp'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
CTDD	0.79	0.22	0.13	0.62	0.61	(0.91)	2.08	(1.55)	9.11
EAI	0.44	(0.01)	(0.18)	0.08	0.59	(0.44)	0.89	(0.78)	2.75
QVCD	1.75	0.19	0.02	2.51	3.39	(1.64)	3.41	(2.90)	18.65
TBB	0.45	0.01	(0.18)	0.22	0.46	(0.54)	1.13	(0.73)	3.03

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