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I've given you incontrovertible proof right in front of you and you're ignoring it. Which is, of course, a daily occurrence here. Carry on.
Suggest you do more research on it, I already have, I've read the articles and analyst views on it for the past 2 years. I've simply passed on the knowledge I've consumed.
A bear market is a bear market and there should still be some correlation. However, I took the first of your stocks and tested it and there's even less correlation - 0.05 which is as little as there could possibly be! It's important you come up with a correlation figure and not glance at a graph which is really misleading
https://www.buyupside.com/alphavantagelive/stockcorrelationcomputeavmonth.php?symbol1=QFI.LON&symbol2=AFC.LON&start_month=08&start_year=2010&end_month=08&end_year=2022&submit=Calculate+Coefficient
Yes, because you are comparing blue chip highly profitable stocks against lossmaking small caps, of course it won't correlate, based on what I said before.
The correlation coefficient between QFI and, for example, an FTSE250 ETF is -0.29. That's a stunningly low correlation.
https://www.buyupside.com/alphavantagelive/stockcorrelationcomputeavmonth.php?symbol1=QFI.LON&symbol2=MIDD.LON&start_month=08&start_year=2010&end_month=08&end_year=2022&submit=Calculate+Coefficient
Here is a chart showing how QFI followed the market for many stocks since June 2020 when COVID started to grip markets globally.
https://ibb.co/KmFGV40
The bottom completely fell out of the market for 'technology' companies that are not profit making and are possibly still in the development or testing stage. The market for these type of stock was deemed to have gone too high, and so this market rerated downwards to where it is today.
The reason we are told their is a bear market right now is that interest rates are flying up, and in that situation big money moves out of stocks. But look at the USA market today and things are moving up because the lower inflation figures announced today mean less chance of more interest rises, or smaller rise if there is one, so big money has started to look back at stocks.
Each stock will still be valued on it's own performance though. Brilliant news for ANY stock will make it rocket, because big investors are constantly looking out for the next big stock to emerge from the unwanted stocks that are not profit making. Mention of big sales to Morocco, MSC, or others, could propel QFI all the way back to where it was back in 2020 highs and further, because it will immediately join the ranks of the successful profit making companies.
In the meantime I shall continue to take advantage of the very cheap share price.
"There's a severe bear market at the moment, you have to take that reality into account"
I don't believe that's the case with this stock (excluding the institutional holdings which are indeed having a short term negative effect for this reason). We didn't benefit from a bull market at all and we won't see an effect from a bear market.
There's a severe bear market at the moment, you have to take that reality into account; essentially the bar is raised on what is required to make the market react positively.
Ultimately, there are tangible commercial deliverables due over the next year, which is what seems to be required now to move *any* stock.
You have to think there's no logic what so ever re this share.
So we have potential in South America.
Theres the hope of a major deal to be done in Utah.
Morocco offers massive potential revenue.
Our chairman puts his hand in his pocket to buy shares.
The biggest prize of all MSC, who could transform the future of this company to a FTSE 250 or even 100 company.
None of these things have helped the SP one iota over the past months, in fact we are at a low point.
However, some chap probably sitting at home, in his tracky, eating pizza known by the name McNulty managed to get the SP to 6p just by getting his blog followers on board.
QFI need to employ a McNulty.