Interpublic Group Correlations

Stocks . USA . 
Stock . Interpublic Group of
IPG Stock  USD 26.92  0.20  0.75%   
The current 90-days correlation between Interpublic Group and Baosheng Media Group is -0.03 (i.e., Good 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

Very weak diversification

The correlation between Interpublic Group of and DJI is 0.54 (i.e., Very weak 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.
  
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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 state.

Moving together with Interpublic Stock

  0.67WIMI WiMi Hologram CloudPairCorr
  0.64EVC Entravision CommunicationsPairCorr
  0.72GCI GannettPairCorr
  0.7IAS Integral Ad SciencePairCorr
  0.88WMG Warner Music GroupPairCorr
  0.74MGNI MagnitePairCorr
  0.89NXST Nexstar BroadcastingPairCorr
  0.66RSVR Reservoir MediaPairCorr
  0.78SCHL ScholasticPairCorr

Moving against Interpublic Stock

  0.76KUKE Kuke Music HoldingPairCorr
  0.71WPP WPP PLC ADRPairCorr
  0.64BOC Boston Omaha CorpPairCorr
  0.41WLYB John Wiley Sons Earnings Call This WeekPairCorr
  0.34DRCT Direct Digital HoldingsPairCorr
  0.33RSVRW Reservoir Media ManaPairCorr
  0.32PSO Pearson PLC ADRPairCorr
  0.72NCMI National CineMediaPairCorr
  0.62SJ Scienjoy Holding CorpPairCorr
  0.59TNMG TNL Mediagene OrdinaryPairCorr
  0.54CURIW CuriosityStreamPairCorr
  0.52LBRDA Liberty Broadband SrsPairCorr
  0.48CHTR Charter CommunicationsPairCorr
  0.45LBRDK Liberty Broadband SrsPairCorr
  0.36NCTY The9 Ltd ADRPairCorr
  0.33TOON Kartoon Studios,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

MCS
+ 0.9
CNK
HYMC
+ 0.49
BAOS
HYMC
+ 0.46
NNBR
NNBR
+ 0.16
CCO
HYMC
+ 0.16
CCO
CNK
+ 0.12
BAOS
  

High negative correlations

NNBR
- 0.54
CNK
NNBR
- 0.47
MCS
HYMC
- 0.23
CNK
NNBR
- 0.16
BAOS
HYMC
- 0.13
MCS
CCO
- 0.08
BAOS

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.

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