Intchains Group Correlations
| ICG Stock | 1.66 0.02 1.19% |
The current 90-days correlation between Intchains Group and InPlay Oil Corp is 0.05 (i.e., Significant 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
Good diversification
The correlation between Intchains Group Limited and DJI is -0.12 (i.e., Good 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.
Intchains | Build AI portfolio with Intchains Stock |
Moving together with Intchains Stock
| 0.66 | VZ | Verizon Communications | PairCorr |
| 0.76 | T | ATT Inc | PairCorr |
| 0.67 | PG | Procter Gamble Sell-off Trend | PairCorr |
Moving against Intchains Stock
| 0.84 | AXP | American Express | PairCorr |
| 0.81 | CAT | Caterpillar | PairCorr |
| 0.75 | FR | First Industrial Realty | PairCorr |
| 0.72 | BAC | Bank of America | PairCorr |
| 0.66 | GE | GE Aerospace | PairCorr |
| 0.65 | MMM | 3M Company | PairCorr |
| 0.64 | BRK-B | Berkshire Hathaway | PairCorr |
| 0.63 | 384802AD6 | GRAINGER W W | PairCorr |
| 0.6 | PKX | POSCO Holdings | PairCorr |
| 0.57 | HYMTF | Hyundai Motor | PairCorr |
| 0.57 | XOM | Exxon Mobil Corp | PairCorr |
| 0.51 | KB | KB Financial Group | PairCorr |
| 0.43 | JNJ | Johnson Johnson Sell-off Trend | PairCorr |
| 0.38 | SWZNF | Schweizerische Nationalbank | PairCorr |
Related Correlations Analysis
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
| High negative correlations
|
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| IPOOF | 1.73 | 0.20 | 0.07 | 0.68 | 2.08 | 3.66 | 10.24 | |||
| XTMM | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| GELHY | 1.64 | (0.22) | 0.00 | (0.14) | 0.00 | 3.30 | 11.21 | |||
| PRYNF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| CVGI | 2.65 | (0.05) | (0.01) | 0.02 | 3.10 | 5.13 | 17.91 | |||
| WH | 1.30 | (0.23) | 0.00 | 1.31 | 0.00 | 2.83 | 10.50 | |||
| XHR | 1.24 | 0.02 | (0.03) | 0.26 | 1.45 | 2.39 | 7.84 | |||
| PLTK | 2.23 | 0.21 | 0.07 | 1.10 | 2.23 | 6.19 | 17.27 |