Interpublic Group Correlations

IPG Stock

USD 25.35 0.37 1.48%

The current 90-days correlation between Interpublic Group and New York Times is 0.35 (i.e., Weak diversification). The correlation of Interpublic 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.

Interpublic Group Correlation With Market

Good diversification

The correlation between Interpublic Group of 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 Interpublic Group of and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Interpublic Stock

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

Moving against Interpublic Stock

0.65	300071	Spearhead Integrated	Pair Corr
0.65	300058	BlueFocus Communication	Pair Corr
0.45	INTJ	Intelligent Group	Pair Corr
0.33	VERTOZ	Vertoz Advertising	Pair Corr
0.66	PSBKF	Postal Savings Bank	Pair Corr
0.57	BCIC	BCP Investment Corp Symbol Change	Pair Corr
0.44	AMZN	Amazon Inc	Pair Corr
0.34	NVDA	NVIDIA Earnings Call Next Week	Pair Corr
0.34	CIRX	CirTran	Pair Corr

Related Correlations Analysis

	NYT	PSO	KT	LBRDA	FYBR	OMC	SKM	LUMN	TIMB	TIGO
NYT		-0.11	0.43	-0.22	-0.24	-0.3	0.13	-0.2	-0.13	-0.24	NYT
PSO	-0.11		0.46	0.44	-0.46	0.51	0.45	-0.47	-0.24	-0.21	PSO
KT	0.43	0.46		0.62	-0.8	0.1	0.83	-0.83	-0.6	-0.63	KT
LBRDA	-0.22	0.44	0.62		-0.61	0.52	0.78	-0.77	-0.65	-0.26	LBRDA
FYBR	-0.24	-0.46	-0.8	-0.61		0.0	-0.78	0.88	0.48	0.65	FYBR
OMC	-0.3	0.51	0.1	0.52	0.0		0.16	-0.22	-0.29	0.33	OMC
SKM	0.13	0.45	0.83	0.78	-0.78	0.16		-0.91	-0.58	-0.59	SKM
LUMN	-0.2	-0.47	-0.83	-0.77	0.88	-0.22	-0.91		0.68	0.59	LUMN
TIMB	-0.13	-0.24	-0.6	-0.65	0.48	-0.29	-0.58	0.68		0.28	TIMB
TIGO	-0.24	-0.21	-0.63	-0.26	0.65	0.33	-0.59	0.59	0.28		TIGO
	NYT	PSO	KT	LBRDA	FYBR	OMC	SKM	LUMN	TIMB	TIGO

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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

LUMN	+ 0.88	FYBR
SKM	+ 0.83	KT
SKM	+ 0.78	LBRDA
TIMB	+ 0.68	LUMN
TIGO	+ 0.65	FYBR
LBRDA	+ 0.62	KT

High negative correlations

LUMN	- 0.91	SKM
LUMN	- 0.83	KT
FYBR	- 0.8	KT
SKM	- 0.78	FYBR
LUMN	- 0.77	LBRDA
TIMB	- 0.65	LBRDA

Risk-Adjusted Indicators

There is a big difference between Interpublic Stock performing well and Interpublic 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 Interpublic 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
NYT	0.79	0.13	0.01	4.37	0.86	(0.86)	2.02	(1.45)	7.49
PSO	0.90	(0.14)	0.00	4.39	0.00	0.00	1.64	(2.47)	6.77
KT	1.08	(0.12)	0.00	0.48	0.00	0.00	1.62	(2.37)	6.54
LBRDA	1.46	(0.25)	0.00	2.90	0.00	0.00	2.82	(3.68)	8.47
FYBR	0.14	0.04	(0.46)	1.35	0.00	(0.17)	0.33	(0.19)	1.33
OMC	1.31	0.05	(0.06)	(0.04)	1.60	(1.42)	2.84	(2.65)	8.78
SKM	0.74	(0.13)	0.00	0.80	0.00	0.00	1.12	(1.50)	5.74
LUMN	4.35	1.76	0.42	(3.03)	3.11	(5.80)	10.65	(5.30)	26.60
TIMB	1.18	0.12	0.08	0.23	1.33	(1.21)	2.32	(1.91)	6.27
TIGO	1.41	0.23	0.08	0.51	1.84	(1.45)	3.34	(2.88)	10.22

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