Infinite Group, Correlations
| IMCI Stock | USD 0.0005 0.00 0.00% |
The correlation of Infinite 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.
Infinite Group, Correlation With Market
Poor diversification
The correlation between Infinite Group Common and DJI is 0.78 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Infinite Group Common and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Infinite Group, could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Infinite Group, 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 Infinite Group, - 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 Infinite Group Common to buy it.
Moving together with Infinite OTC Stock
| 0.64 | PBMRF | PT Bumi Resources | PairCorr |
| 0.92 | YLLXF | Yellow Cake plc Downward Rally | PairCorr |
| 0.74 | BFS | Saul Centers | PairCorr |
| 0.79 | JOE | St Joe Company | PairCorr |
| 0.64 | TORO | Toro | PairCorr |
| 0.75 | LAND | Gladstone Land Earnings Call This Week | PairCorr |
| 0.76 | GS | Goldman Sachs Group | PairCorr |
| 0.78 | MEEEF | Metal Energy Corp | PairCorr |
| 0.71 | BBDO | Banco Bradesco SA | PairCorr |
| 0.78 | NTZ | Natuzzi SpA | PairCorr |
| 0.61 | MXCHY | Orbia Advance Corp | PairCorr |
| 0.92 | BLAGF | Blue Lagoon Resources | PairCorr |
| 0.85 | FRSB | First Resource Bank | PairCorr |
| 0.9 | TSM | Taiwan Semiconductor Aggressive Push | PairCorr |
| 0.82 | USPH | US Physicalrapy | PairCorr |
| 0.83 | MTGRF | Mount Gibson Iron | PairCorr |
| 0.89 | CGECF | Cogeco Inc | PairCorr |
| 0.92 | TOGOF | TomaGold | PairCorr |
| 0.62 | MEGI | MainStay CBRE Global Normal Trading | PairCorr |
| 0.7 | UMAC | Unusual Machines | PairCorr |
| 0.72 | DUK-PA | Duke Energy | PairCorr |
| 0.74 | AES | AES Aggressive Push | PairCorr |
| 0.81 | INTC | Intel | PairCorr |
| 0.67 | FRFFF | Fairfax Financial | PairCorr |
Moving against Infinite OTC Stock
| 0.62 | AFIIQ | Armstrong Flooring | PairCorr |
| 0.6 | PBCRF | PT Bank Central | PairCorr |
| 0.31 | WELL | Welltower Earnings Call Today | 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
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Risk-Adjusted Indicators
There is a big difference between Infinite OTC Stock performing well and Infinite Group, OTC Stock 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 Infinite 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| YVRLF | 2.39 | (1.22) | 0.00 | 20.13 | 0.00 | 0.00 | 80.00 | |||
| EXEO | 1.99 | (0.99) | 0.00 | 1.76 | 0.00 | 0.00 | 66.67 | |||
| CTXV | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| AWRS | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| WINR | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| STUO | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ADGL | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| SSTRF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| CBEX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| SANT | 6.00 | 1.94 | 0.00 | 1.77 | 0.00 | 0.00 | 200.00 |
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