QVC Correlations

QVCGA Stock

9.68 1.80 22.84%

The current 90-days correlation between QVC Group and iRobot is 0.03 (i.e., Significant diversification). The correlation of QVC 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.

QVC Correlation With Market

Significant diversification

The correlation between QVC Group and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding QVC Group and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with QVC Stock

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in QVC Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

Moving together with QVC Stock

0.64	BABA	Alibaba Group Holding Sell-off Trend	Pair Corr
0.62	BABAF	Alibaba Group Holding Earnings Call This Week	Pair Corr
0.65	JDCMF	Jd Com Inc	Pair Corr
0.74	IPOAF	Industrias Penoles Sab	Pair Corr

Moving against QVC Stock

0.63	PKX	POSCO Holdings	Pair Corr
0.51	AMZN	Amazon Inc	Pair Corr
0.5	EC	Ecopetrol SA ADR	Pair Corr
0.43	MPNGY	Meituan ADR Earnings Call This Week	Pair Corr
0.41	MPNGF	Meituan Earnings Call This Week	Pair Corr
0.82	IRS	IRSA Inversiones Y	Pair Corr
0.58	STE	STERIS plc	Pair Corr
0.43	JCI	Johnson Controls Int	Pair Corr
0.34	CSCO	Cisco Systems	Pair Corr
0.33	SABS	SAB Biotherapeutics	Pair Corr

Related Correlations Analysis

	GRWG	SPWH	THCH	LIDR	FLL	PRPL	AOUT	IRBT	RRGB	YTRA
GRWG		0.24	0.13	0.08	0.28	0.23	0.31	0.37	0.47	0.09	GRWG
SPWH	0.24		-0.01	0.49	0.65	0.76	0.63	0.76	0.87	-0.02	SPWH
THCH	0.13	-0.01		-0.27	-0.04	-0.12	-0.08	-0.07	0.02	-0.16	THCH
LIDR	0.08	0.49	-0.27		0.27	0.46	0.43	0.52	0.46	0.39	LIDR
FLL	0.28	0.65	-0.04	0.27		0.93	0.93	0.34	0.64	-0.44	FLL
PRPL	0.23	0.76	-0.12	0.46	0.93		0.93	0.46	0.7	-0.31	PRPL
AOUT	0.31	0.63	-0.08	0.43	0.93	0.93		0.4	0.68	-0.37	AOUT
IRBT	0.37	0.76	-0.07	0.52	0.34	0.46	0.4		0.85	0.15	IRBT
RRGB	0.47	0.87	0.02	0.46	0.64	0.7	0.68	0.85		-0.07	RRGB
YTRA	0.09	-0.02	-0.16	0.39	-0.44	-0.31	-0.37	0.15	-0.07		YTRA
	GRWG	SPWH	THCH	LIDR	FLL	PRPL	AOUT	IRBT	RRGB	YTRA

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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

PRPL	+ 0.93	FLL
AOUT	+ 0.93	FLL
AOUT	+ 0.93	PRPL
RRGB	+ 0.87	SPWH
RRGB	+ 0.85	IRBT
PRPL	+ 0.76	SPWH

High negative correlations

YTRA	- 0.44	FLL
YTRA	- 0.37	AOUT
YTRA	- 0.31	PRPL
LIDR	- 0.27	THCH
YTRA	- 0.16	THCH
PRPL	- 0.12	THCH

Risk-Adjusted Indicators

There is a big difference between QVC Stock performing well and QVC 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 QVC'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
GRWG	4.05	(0.02)	0.01	0.03	4.43	(4.85)	10.97	(7.14)	37.19
SPWH	3.73	(0.57)	0.00	(0.14)	0.00	0.00	7.34	(6.46)	26.00
THCH	1.91	(0.04)	0.00	(0.04)	0.00	0.00	4.18	(3.35)	16.21
LIDR	3.83	(0.07)	0.00	(0.35)	0.00	0.00	8.12	(8.21)	29.58
FLL	2.28	(0.53)	0.00	(0.39)	0.00	0.00	5.38	(4.33)	15.03
PRPL	3.32	(0.43)	0.00	(0.45)	0.00	0.00	5.80	(7.14)	27.01
AOUT	2.15	(0.58)	0.00	(0.24)	0.00	0.00	3.79	(3.65)	25.95
IRBT	6.10	(0.89)	0.00	(0.26)	0.00	0.00	8.89	(13.94)	70.51
RRGB	2.44	(0.67)	0.00	(0.49)	0.00	0.00	5.35	(6.37)	17.13
YTRA	2.68	0.18	0.04	0.29	3.04	(3.62)	6.04	(5.41)	22.55

QVC Corporate Executives

Elected by the shareholders, the QVC's board of directors comprises two types of representatives: QVC inside directors who are chosen from within the company, and outside directors, selected externally and held independent of QVC. The board's role is to monitor QVC's management team and ensure that shareholders' interests are well served. QVC'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, QVC's outside directors are responsible for providing unbiased perspectives on the board's policies.

Brian Beitler

Founder Ventures

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