Qwest Corp Correlations

CTBB Stock

USD 19.47 0.01 0.05%

The current 90-days correlation between Qwest Corp NT and Qwest Corp 6 is 0.79 (i.e., 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

Modest diversification

The correlation between Qwest Corp NT and DJI is 0.23 (i.e., Modest 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

0.67	VZ	Verizon Communications Sell-off Trend	Pair Corr
0.71	INBX	Inhibrx Biosciences,	Pair Corr
0.91	HD	Home Depot	Pair Corr
0.7	PYTCF	Playtech plc	Pair Corr
0.68	HWH	HWH International	Pair Corr
0.86	PBNAF	Pembina Pipeline	Pair Corr
0.74	FARO	FARO Technologies	Pair Corr
0.8	NTIP	Network 1 Technologies	Pair Corr
0.68	BMEZ	BlackRock Health Sciences	Pair Corr

Moving against Qwest Stock

0.82	LNDNF	Lundin Energy AB	Pair Corr
0.35	FNGR	FingerMotion Earnings Call This Week	Pair Corr

Related Correlations Analysis

	CTDD	EAI	QVCD	TBB
CTDD		0.88	0.82	0.83	CTDD
EAI	0.88		0.72	0.91	EAI
QVCD	0.82	0.72		0.71	QVCD
TBB	0.83	0.91	0.71		TBB
	CTDD	EAI	QVCD	TBB

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	0.70	0.10	0.05	0.31	0.88	(0.77)	1.46	(1.06)	7.54
EAI	0.55	0.07	0.04	0.37	0.51	(0.63)	1.29	(0.79)	4.58
QVCD	1.39	0.10	0.03	0.29	1.82	(1.41)	2.77	(3.38)	10.48
TBB	0.51	0.03	(0.03)	0.23	0.50	(0.59)	1.15	(0.89)	2.54

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