CIMG Correlations

Stocks . USA . 
Stock . CIMG Inc
IMG Stock   0.27  0.01  3.57%   
The correlation of CIMG 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.

CIMG Correlation With Market

Modest diversification

The correlation between CIMG Inc and DJI is 0.28 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CIMG Inc and DJI in the same portfolio, assuming nothing else is changed.
  
Build AI portfolio with CIMG Stock
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in CIMG Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

Moving together with CIMG Stock

  0.87STZ Constellation BrandsPairCorr
  0.63TSN Tyson Foods Sell-off TrendPairCorr
  0.82PAVS Paranovus EntertainmentPairCorr
  0.86K Kellanova Earnings Call This WeekPairCorr
  0.7BJ BJs Wholesale ClubPairCorr
  0.76GO Grocery Outlet HoldingPairCorr
  0.91JZ Jianzhi EducationPairCorr
  0.64YI 111 IncPairCorr
  0.92WGRX Wellgistics Health,PairCorr
  0.81FARM Farmer BrosPairCorr
  0.78WVVI Willamette ValleyPairCorr

Moving against CIMG Stock

  0.94EL Estee Lauder CompaniesPairCorr
  0.91DG Dollar GeneralPairCorr
  0.88JVA Coffee HoldingPairCorr
  0.86OTLY Oatly Group ABPairCorr
  0.47MO Altria Group Earnings Call This WeekPairCorr
  0.94DLTR Dollar TreePairCorr
  0.87WILC G Willi FoodPairCorr
  0.81DTCK Davis CommoditiesPairCorr
  0.79YQ 17 Education TechnologyPairCorr
  0.78PM Philip Morris InternPairCorr
  0.72EWCZ European Wax CenterPairCorr
  0.68TR Tootsie Roll IndustriesPairCorr
  0.57VITL Vital FarmsPairCorr
  0.31EDBL Edible Garden AGPairCorr
  0.91AVO Mission ProducePairCorr
  0.87ADM Archer Daniels Midland Earnings Call This WeekPairCorr
  0.79FEDU Four Seasons EducationPairCorr
  0.73BOF BranchOut Food CommonPairCorr

Related Correlations Analysis

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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   
UTI
+ 0.95
ATGE
EWCZ
+ 0.79
UTI
EWCZ
+ 0.72
ATGE
GHC
+ 0.64
ATGE
GHC
+ 0.53
UTI
WBTN
+ 0.4
COTY
  
High negative correlations   
GHC
- 0.54
UG
GHC
- 0.4
WBTN
WBTN
- 0.24
EWCZ
WBTN
- 0.22
UTI
WBTN
- 0.22
ATGE
COTY
- 0.13
UTI

Risk-Adjusted Indicators

There is a big difference between CIMG Stock performing well and CIMG 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 CIMG'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.

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