QUALCOMM Incorporated Correlations
| QCI Stock | EUR 166.36 1.52 0.91% |
The correlation of QUALCOMM Incorporated 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as QUALCOMM Incorporated moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if QUALCOMM Incorporated moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Good diversification
The correlation between QUALCOMM Incorporated and NYA is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding QUALCOMM Incorporated and NYA in the same portfolio, assuming nothing else is changed.
QUALCOMM |
The ability to find closely correlated positions to QUALCOMM Incorporated could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace QUALCOMM Incorporated 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 QUALCOMM Incorporated - 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 QUALCOMM Incorporated to buy it.
Related Correlations Analysis
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Be your own money manager
Our tools can tell you how much better you can do entering a position in QUALCOMM Incorporated 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.Did you try this?
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QUALCOMM Incorporated Corporate Management
Elected by the shareholders, the QUALCOMM Incorporated's board of directors comprises two types of representatives: QUALCOMM Incorporated inside directors who are chosen from within the company, and outside directors, selected externally and held independent of QUALCOMM. The board's role is to monitor QUALCOMM Incorporated's management team and ensure that shareholders' interests are well served. QUALCOMM Incorporated'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, QUALCOMM Incorporated's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Heather Ace | Chief Officer | Profile | |
| Erin Polek | Corp VP | Profile | |
| Mary Gendron | VP Officer | Profile | |
| Akash Palkhiwala | Chief Officer | Profile | |
| James Thompson | I Technologies | Profile | |
| Cristiano Amon | Pres CEO | Profile | |
| Alexander Rogers | Pres Affairs | Profile |
Already Invested in QUALCOMM Incorporated?
The danger of trading QUALCOMM Incorporated is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of QUALCOMM Incorporated is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than QUALCOMM Incorporated. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile QUALCOMM Incorporated is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether QUALCOMM Incorporated is a strong investment it is important to analyze QUALCOMM Incorporated's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact QUALCOMM Incorporated's future performance. For an informed investment choice regarding QUALCOMM Stock, refer to the following important reports: Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in QUALCOMM Incorporated. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. For more detail on how to invest in QUALCOMM Stock please use our How to Invest in QUALCOMM Incorporated guide.You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.
Complementary Tools for QUALCOMM Stock analysis
When running QUALCOMM Incorporated's price analysis, check to measure QUALCOMM Incorporated's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy QUALCOMM Incorporated is operating at the current time. Most of QUALCOMM Incorporated's value examination focuses on studying past and present price action to predict the probability of QUALCOMM Incorporated's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move QUALCOMM Incorporated's price. Additionally, you may evaluate how the addition of QUALCOMM Incorporated to your portfolios can decrease your overall portfolio volatility.
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