Intchains Group Correlations

ICG Stock

1.86 0.11 5.58%

The current 90-days correlation between Intchains Group and Complete Solaria, is -0.1 (i.e., Good diversification). The correlation of Intchains Group 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.

Intchains Group Correlation With Market

Modest diversification

The correlation between Intchains Group Limited and DJI is 0.27 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Intchains Group Limited and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Intchains Stock

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Intchains Group Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in private.

Moving together with Intchains Stock

0.75

EBON

Ebang International

Pair Corr

Moving against Intchains Stock

0.35	PRSO	Peraso Inc	Pair Corr
0.45	ASML	ASML Holding NV	Pair Corr
0.34	FKWL	Franklin Wireless Corp	Pair Corr
0.32	KVHI	KVH Industries	Pair Corr

Related Correlations Analysis

	SEDG	FSLR	RUN	CSIQ	SPWR	CRWD
SEDG		0.8	0.85	0.75	0.09	-0.47	SEDG
FSLR	0.8		0.91	0.45	0.03	-0.68	FSLR
RUN	0.85	0.91		0.5	0.08	-0.64	RUN
CSIQ	0.75	0.45	0.5		0.33	-0.03	CSIQ
SPWR	0.09	0.03	0.08	0.33		0.49	SPWR
CRWD	-0.47	-0.68	-0.64	-0.03	0.49		CRWD
	SEDG	FSLR	RUN	CSIQ	SPWR	CRWD

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

RUN	+ 0.91	FSLR
RUN	+ 0.85	SEDG
FSLR	+ 0.8	SEDG
CSIQ	+ 0.75	SEDG
CSIQ	+ 0.5	RUN
CRWD	+ 0.49	SPWR

High negative correlations

CRWD	- 0.68	FSLR
CRWD	- 0.64	RUN
CRWD	- 0.47	SEDG
CRWD	- 0.03	CSIQ

Risk-Adjusted Indicators

There is a big difference between Intchains Stock performing well and Intchains Group 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 Intchains Group'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
SEDG	5.36	1.03	0.10	4.07	8.24	(5.67)	13.54	(8.76)	45.25
FSLR	2.81	0.32	0.07	0.48	3.81	(3.13)	8.51	(5.33)	24.38
RUN	6.09	1.65	0.20	1.15	7.31	(7.44)	16.80	(6.12)	58.11
CSIQ	3.06	0.33	0.02	(0.21)	4.83	(2.94)	6.54	(6.48)	29.77
SPWR	4.30	0.14	0.05	0.18	5.24	(4.98)	9.35	(6.25)	37.21
CRWD	1.58	(0.17)	0.00	(0.11)	0.00	0.00	2.74	(3.38)	9.56

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