QVC Correlations

QVCGP Stock

22.95 0.62 2.78%

The current 90-days correlation between QVC Group and Federal Home Loan is 0.3 (i.e., Weak 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. If the correlation is 0, the equities are not correlated; they are entirely random.

QVC Correlation With Market

Very weak diversification

The correlation between QVC Group and DJI is 0.51 (i.e., Very weak 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 price.

Moving together with QVC Stock

0.66	IPW	iPower Inc	Pair Corr
0.67	ZKH	ZKH Group Limited	Pair Corr
0.95	QVCGA	QVC Group Symbol Change	Pair Corr
0.83	IP	International Paper Earnings Call This Week	Pair Corr
0.92	SW	Smurfit WestRock plc	Pair Corr
0.72	VIRC	Virco Manufacturing	Pair Corr
0.87	F-PB	Ford Motor	Pair Corr
0.87	F-PC	Ford Motor Potential Growth	Pair Corr
0.89	F-PD	F PD Potential Growth	Pair Corr
0.93	WPRT	Westport Fuel Systems	Pair Corr
0.83	FFAI	Faraday Future Intel Symbol Change	Pair Corr
0.84	FIGS	Figs Inc	Pair Corr
0.92	AIN	Albany International	Pair Corr
0.78	AVY	Avery Dennison Corp Earnings Call This Week	Pair Corr
0.74	DMN	Damon Common Stock	Pair Corr
0.88	GEF	Greif Bros	Pair Corr
0.78	GPK	Graphic Packaging Holding	Pair Corr
0.83	HNI	HNI Corp	Pair Corr
0.74	KAR	KAR Auction Services	Pair Corr
0.93	KRT	Karat Packaging	Pair Corr
0.81	MED	MEDIFAST INC	Pair Corr
0.85	MLR	Miller Industries	Pair Corr
0.88	BC-PA	Brunswick Corp	Pair Corr

Moving against QVC Stock

0.39	QVCGB	QVC Group Symbol Change	Pair Corr
0.66	ROL	Rollins Earnings Call This Week	Pair Corr

Related Correlations Analysis

	SOGP	FMCKO	UHAL	TV	FTAIM	RSVR	MIUFY	HEES
SOGP		-0.12	0.01	0.27	0.54	-0.08	0.38	0.62	SOGP
FMCKO	-0.12		0.53	0.16	-0.06	0.42	-0.2	0.0	FMCKO
UHAL	0.01	0.53		0.69	-0.27	0.9	-0.42	-0.24	UHAL
TV	0.27	0.16	0.69		0.12	0.55	-0.15	-0.01	TV
FTAIM	0.54	-0.06	-0.27	0.12		-0.46	0.45	0.64	FTAIM
RSVR	-0.08	0.42	0.9	0.55	-0.46		-0.43	-0.45	RSVR
MIUFY	0.38	-0.2	-0.42	-0.15	0.45	-0.43		0.27	MIUFY
HEES	0.62	0.0	-0.24	-0.01	0.64	-0.45	0.27		HEES
	SOGP	FMCKO	UHAL	TV	FTAIM	RSVR	MIUFY	HEES

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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

RSVR	+ 0.9	UHAL
TV	+ 0.69	UHAL
HEES	+ 0.64	FTAIM
HEES	+ 0.62	SOGP
RSVR	+ 0.55	TV
FTAIM	+ 0.54	SOGP

High negative correlations

RSVR	- 0.46	FTAIM
HEES	- 0.45	RSVR
MIUFY	- 0.43	RSVR
MIUFY	- 0.42	UHAL
FTAIM	- 0.27	UHAL
HEES	- 0.24	UHAL

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
SOGP	3.43	0.34	0.08	0.14	3.78	(4.09)	11.28	(6.73)	22.88
FMCKO	1.86	(0.06)	0.00	(0.21)	0.00	0.00	5.56	(5.75)	16.71
UHAL	1.47	(0.06)	0.00	(0.19)	0.00	0.00	2.32	(3.53)	11.10
TV	2.15	0.24	0.08	0.14	2.64	(2.50)	4.76	(5.03)	11.85
FTAIM	0.61	(0.04)	0.00	0.99	0.00	0.00	1.20	(1.52)	3.88
RSVR	1.49	(0.07)	0.00	(0.24)	0.00	0.00	2.82	(3.05)	8.76
MIUFY	1.97	0.24	0.06	0.34	2.54	(4.26)	7.12	(6.14)	23.46
HEES	0.88	0.06	0.16	0.07	0.84	(1.20)	1.14	(1.43)	17.42

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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