Quicklizard Correlations

QLRD Stock

ILA 3,590 47.00 1.33%

The current 90-days correlation between Quicklizard and Razor Labs is -0.06 (i.e., Good diversification). The correlation of Quicklizard 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.

Quicklizard Correlation With Market

Good diversification

The correlation between Quicklizard and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Quicklizard and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Quicklizard Stock

0.68	ISRA	Isramco Negev 2	Pair Corr
0.62	RATI	Ratio Oil Explorations	Pair Corr
0.7	BEZQ	Bezeq Israeli Teleco	Pair Corr
0.66	LUMI	Bank Leumi Le	Pair Corr
0.73	GNRS	Generation Capital	Pair Corr
0.62	RIT1	Reit 1	Pair Corr
0.91	IBITEC-F	IBI Mutual Funds	Pair Corr
0.66	ALBA	Al Bad Massuot	Pair Corr
0.68	PHOE	Phoenix Holdings	Pair Corr
0.67	INRM	Inrom Construction	Pair Corr
0.75	IMCO	IMCO Industries	Pair Corr
0.84	WSMK	WhiteSmoke Software	Pair Corr
0.84	AMRK	Amir Marketing	Pair Corr
0.8	ASHO	Ashot Ashkelon Industries	Pair Corr
0.64	AVIA	Aviation Links	Pair Corr
0.75	AZRG	Azrieli Group	Pair Corr
0.76	MZTF	Mizrahi Tefahot	Pair Corr
0.76	MGDL	Migdal Insurance	Pair Corr
0.68	MPP	More Provident Funds	Pair Corr
0.62	ISRS	Isras Investment	Pair Corr
0.69	CMER	C Mer Industries	Pair Corr

Moving against Quicklizard Stock

0.37	ARNA	Arena Star Group	Pair Corr
0.47	HMGS	Homebiogas	Pair Corr

Related Correlations Analysis

	QLRD	RZR	ELCO	KARE	PZOL	TSEM	GLPL	RMN	BEZQ
QLRD		0.32	0.43	0.57	0.79	0.64	0.5	0.53	0.7	QLRD
RZR	0.32		0.18	0.25	0.36	0.09	0.1	0.31	0.43	RZR
ELCO	0.43	0.18		0.95	0.8	0.74	0.97	0.94	0.86	ELCO
KARE	0.57	0.25	0.95		0.87	0.76	0.93	0.95	0.93	KARE
PZOL	0.79	0.36	0.8	0.87		0.86	0.83	0.87	0.95	PZOL
TSEM	0.64	0.09	0.74	0.76	0.86		0.8	0.78	0.8	TSEM
GLPL	0.5	0.1	0.97	0.93	0.83	0.8		0.91	0.85	GLPL
RMN	0.53	0.31	0.94	0.95	0.87	0.78	0.91		0.93	RMN
BEZQ	0.7	0.43	0.86	0.93	0.95	0.8	0.85	0.93		BEZQ
	QLRD	RZR	ELCO	KARE	PZOL	TSEM	GLPL	RMN	BEZQ

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Risk-Adjusted Indicators

There is a big difference between Quicklizard Stock performing well and Quicklizard 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 Quicklizard'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
QLRD	1.15	0.26	0.13	(2.53)	1.16	(1.36)	3.22	(1.86)	9.16
RZR	3.97	0.08	0.03	0.07	3.98	(5.22)	12.08	(7.27)	25.05
ELCO	1.46	0.52	0.27	(2.34)	1.30	(1.70)	4.08	(2.94)	8.14
KARE	1.46	0.34	0.15	3.45	1.71	(1.60)	4.49	(2.73)	12.51
PZOL	1.22	0.43	0.26	(1.71)	1.04	(1.42)	3.43	(2.18)	7.73
TSEM	1.80	0.39	0.13	(2.26)	2.02	(1.83)	3.52	(3.61)	14.26
GLPL	1.83	0.58	0.24	(7.16)	1.68	(2.20)	5.70	(3.55)	10.48
RMN	1.49	0.44	0.24	5.54	1.20	(1.71)	5.00	(2.78)	10.40
BEZQ	1.24	0.40	0.29	(2.55)	0.85	(1.47)	3.25	(1.78)	8.84

Be your own money manager

Our tools can tell you how much better you can do entering a position in Quicklizard 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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Quicklizard Corporate Management

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

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