IQE PLC Correlations

IQEPF Stock

USD 0.12 0.01 7.69%

The current 90-days correlation between IQE PLC and REC Silicon ASA is -0.01 (i.e., Good diversification). The correlation of IQE PLC 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.

IQE PLC Correlation With Market

Modest diversification

The correlation between IQE PLC and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding IQE PLC and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to IQE PLC could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace IQE PLC 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 IQE PLC - 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 IQE PLC to buy it.

Moving together with IQE Pink Sheet

0.68	ASMLF	ASML Holding NV Earnings Call This Week	Pair Corr
0.66	ASMIY	ASM International Tech Boost	Pair Corr
0.63	ENTG	Entegris Tech Boost	Pair Corr
0.76	FNOEF	Furuno Electric	Pair Corr
0.7	AIT	Applied Industrial Earnings Call This Week	Pair Corr
0.68	BA-PA	Boeing Earnings Call This Week	Pair Corr

Moving against IQE Pink Sheet

0.82	SSNLF	Samsung Electronics Earnings Call This Week	Pair Corr
0.46	PBCRY	Bank Central Asia	Pair Corr
0.33	PPERY	Bank Mandiri Persero	Pair Corr
0.35	RCUS	Arcus Biosciences	Pair Corr
0.55	FSLY	Fastly Class A	Pair Corr

Related Correlations Analysis

	RNWEY	ARRXF	RNWEF	SILLF	TFSVF	KDCXF	OONEF	PRKR	PPMH	DBOXF
RNWEY		0.59	0.07	-0.57	-0.32	-0.03	0.3	0.11	0.0	-0.21	RNWEY
ARRXF	0.59		0.28	-0.39	-0.21	-0.09	0.57	-0.06	0.0	-0.39	ARRXF
RNWEF	0.07	0.28		0.4	0.66	-0.59	0.5	0.36	0.0	-0.72	RNWEF
SILLF	-0.57	-0.39	0.4		0.87	-0.16	-0.1	0.14	0.0	-0.04	SILLF
TFSVF	-0.32	-0.21	0.66	0.87		-0.36	0.04	0.17	0.0	-0.4	TFSVF
KDCXF	-0.03	-0.09	-0.59	-0.16	-0.36		-0.34	-0.27	0.0	0.84	KDCXF
OONEF	0.3	0.57	0.5	-0.1	0.04	-0.34		0.32	0.0	-0.61	OONEF
PRKR	0.11	-0.06	0.36	0.14	0.17	-0.27	0.32		0.0	-0.32	PRKR
PPMH	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	PPMH
DBOXF	-0.21	-0.39	-0.72	-0.04	-0.4	0.84	-0.61	-0.32	0.0		DBOXF
	RNWEY	ARRXF	RNWEF	SILLF	TFSVF	KDCXF	OONEF	PRKR	PPMH	DBOXF

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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

TFSVF	+ 0.87	SILLF
DBOXF	+ 0.84	KDCXF
TFSVF	+ 0.66	RNWEF
ARRXF	+ 0.59	RNWEY
OONEF	+ 0.57	ARRXF
OONEF	+ 0.5	RNWEF

High negative correlations

DBOXF	- 0.72	RNWEF
DBOXF	- 0.61	OONEF
KDCXF	- 0.59	RNWEF
SILLF	- 0.57	RNWEY
DBOXF	- 0.4	TFSVF
DBOXF	- 0.39	ARRXF

Risk-Adjusted Indicators

There is a big difference between IQE Pink Sheet performing well and IQE PLC 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 IQE PLC'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
RNWEY	18.73	5.90	0.00	1.60	0.00	0.00	140.00	(26.67)	225.00
ARRXF	5.06	0.50	0.05	(1.36)	5.46	(7.74)	12.50	(11.11)	42.66
RNWEF	1.71	(0.74)	0.00	(1.45)	0.00	0.00	0.00	0.00	23.61
SILLF	1.87	(0.56)	0.00	0.60	0.00	0.00	0.00	0.00	57.64
TFSVF	0.75	0.09	0.00	0.20	0.00	0.00	0.00	0.00	37.50
KDCXF	1.12	0.55	0.00	3.47	0.00	0.00	0.00	0.00	30.43
OONEF	6.49	(0.38)	0.00	(0.06)	0.00	0.00	13.16	(13.04)	46.75
PRKR	6.59	(0.03)	(0.01)	0.03	7.04	(10.31)	19.05	(12.00)	31.05
PPMH	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
DBOXF	3.88	1.31	0.26	(2.83)	3.13	(5.84)	10.00	(5.00)	30.19

Be your own money manager

Our tools can tell you how much better you can do entering a position in IQE PLC 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.

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IQE PLC Corporate Management

Tom BSc	G Sec	Profile
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Mark Furlong	Exec Board	Profile
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