Intelligent Group Correlations

INTJ Stock

0.52 0.01 1.89%

The current 90-days correlation between Intelligent Group and Galaxy Payroll Group is 0.3 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Intelligent Group moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Intelligent Group Limited moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Intelligent Group Correlation With Market

Weak diversification

The correlation between Intelligent Group Limited and DJI is 0.31 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Intelligent Group Limited and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Intelligent Stock

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Intelligent 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 manufacturing.

Moving together with Intelligent Stock

0.66

BMYMP

Bristol Myers Squibb

Pair Corr

Moving against Intelligent Stock

0.57	SCOR	Comscore	Pair Corr
0.44	000917	Hunan TV Broadcast	Pair Corr
0.4	SBDS	Silver Bullet Data	Pair Corr
0.34	FLNT	Fluent Inc	Pair Corr
0.34	002400	Guangdong Advertising	Pair Corr
0.31	MIRI	Mirriad Advertising PLC	Pair Corr
0.54	CNET	ZW Data Action	Pair Corr
0.48	RKLB	Rocket Lab USA	Pair Corr
0.47	MSFT	Microsoft Aggressive Push	Pair Corr
0.45	AAPL	Apple Inc Aggressive Push	Pair Corr
0.45	CORZ	Core Scientific, Common	Pair Corr
0.43	SKSBF	Skanska AB	Pair Corr
0.36	NVDA	NVIDIA Earnings Call This Week	Pair Corr

Related Correlations Analysis

	GLXG	IVDA	FGL	AEHL	SKK	CDTG	OP	HIHO	FBGL	DEVS
GLXG		0.56	0.61	0.48	0.59	0.64	-0.09	0.62	0.34	0.68	GLXG
IVDA	0.56		0.58	0.71	0.74	0.29	0.13	0.76	0.25	0.69	IVDA
FGL	0.61	0.58		0.41	0.7	0.31	-0.05	0.53	-0.07	0.56	FGL
AEHL	0.48	0.71	0.41		0.68	0.46	0.05	0.8	0.33	0.82	AEHL
SKK	0.59	0.74	0.7	0.68		0.41	0.02	0.7	0.23	0.76	SKK
CDTG	0.64	0.29	0.31	0.46	0.41		-0.31	0.55	0.42	0.61	CDTG
OP	-0.09	0.13	-0.05	0.05	0.02	-0.31		-0.19	-0.47	0.0	OP
HIHO	0.62	0.76	0.53	0.8	0.7	0.55	-0.19		0.42	0.76	HIHO
FBGL	0.34	0.25	-0.07	0.33	0.23	0.42	-0.47	0.42		0.41	FBGL
DEVS	0.68	0.69	0.56	0.82	0.76	0.61	0.0	0.76	0.41		DEVS
	GLXG	IVDA	FGL	AEHL	SKK	CDTG	OP	HIHO	FBGL	DEVS

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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

DEVS	+ 0.82	AEHL
HIHO	+ 0.8	AEHL
HIHO	+ 0.76	IVDA
DEVS	+ 0.76	SKK
DEVS	+ 0.76	HIHO
SKK	+ 0.74	IVDA

High negative correlations

FBGL	- 0.47	OP
OP	- 0.31	CDTG
HIHO	- 0.19	OP
OP	- 0.09	GLXG
FBGL	- 0.07	FGL
OP	- 0.05	FGL

Risk-Adjusted Indicators

There is a big difference between Intelligent Stock performing well and Intelligent 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 Intelligent 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
GLXG	4.85	(0.22)	0.00	(0.09)	0.00	0.00	12.55	(12.12)	40.85
IVDA	4.94	(1.18)	0.00	(0.27)	0.00	0.00	6.40	(11.59)	67.69
FGL	6.63	(1.48)	0.00	(1.16)	0.00	0.00	17.14	(15.56)	47.87
AEHL	6.53	(1.37)	0.00	(1.23)	0.00	0.00	15.97	(13.67)	39.94
SKK	3.09	(0.34)	0.00	(0.22)	0.00	0.00	7.32	(7.14)	29.17
CDTG	6.42	(0.05)	0.00	0.04	7.03	(10.20)	10.84	(15.45)	110.97
OP	6.10	(0.60)	0.00	(0.21)	0.00	0.00	10.24	(19.70)	52.42
HIHO	1.49	(0.17)	0.00	(0.52)	0.00	0.00	3.14	(2.98)	8.74
FBGL	4.56	0.25	0.04	0.27	5.17	(5.71)	14.55	(9.37)	36.43
DEVS	4.71	(0.47)	0.00	(0.24)	0.00	0.00	11.27	(10.13)	33.83

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