Invitro International Correlations

IVRO Stock

USD 0.13 0.03 30.00%

The current 90-days correlation between Invitro International and Sohm Inc is -0.05 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Invitro International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Invitro International moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Invitro International Correlation With Market

Significant diversification

The correlation between Invitro International and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Invitro International and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Invitro International could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Invitro International 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 Invitro International - 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 Invitro International to buy it.

Moving together with Invitro OTC Stock

0.74	TMO	Thermo Fisher Scientific	Pair Corr
0.69	DHR	Danaher Earnings Call This Week	Pair Corr
0.67	IQV	IQVIA Holdings	Pair Corr
0.62	NTRA	Natera Inc	Pair Corr
0.67	ALRS	Alerus Financial Corp Earnings Call This Week	Pair Corr
0.72	GOOG	Alphabet Class C	Pair Corr
0.75	KGC	Kinross Gold Buyout Trend	Pair Corr
0.7	MRNA	Moderna Trending	Pair Corr
0.79	HNGKY	Hong Kong Land	Pair Corr
0.61	MSA	MSA Safety	Pair Corr
0.67	CMPO	CompoSecure Trending	Pair Corr
0.7	GLDD	Great Lakes Dredge	Pair Corr
0.65	CVX	Chevron Corp	Pair Corr
0.68	SBUX	Starbucks Aggressive Push	Pair Corr
0.77	WDC	Western Digital	Pair Corr
0.76	AOMD	Angel Oak Mortgage	Pair Corr
0.66	DHCNL	Diversified Healthcare	Pair Corr
0.82	LINRF	Liontown Resources	Pair Corr

Moving against Invitro OTC Stock

0.34	MAHN	Mid Atlantic Home	Pair Corr
0.31	QTCI	Quantum Capital	Pair Corr

Related Correlations Analysis

	SZLSF	SHMN	BHNGF	MITI	YBGJ	OWPC	PLSH	JWCAF	PBIO	KHRNF
SZLSF		0.47	0.0	0.26	0.77	-0.43	0.36	0.0	0.14	0.0	SZLSF
SHMN	0.47		0.0	0.33	0.21	-0.45	0.0	0.0	0.22	0.0	SHMN
BHNGF	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	BHNGF
MITI	0.26	0.33	0.0		-0.1	-0.08	-0.03	0.0	0.35	0.0	MITI
YBGJ	0.77	0.21	0.0	-0.1		-0.28	0.43	0.0	0.01	0.0	YBGJ
OWPC	-0.43	-0.45	0.0	-0.08	-0.28		0.32	0.0	0.35	0.0	OWPC
PLSH	0.36	0.0	0.0	-0.03	0.43	0.32		0.0	0.06	0.0	PLSH
JWCAF	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	JWCAF
PBIO	0.14	0.22	0.0	0.35	0.01	0.35	0.06	0.0		0.0	PBIO
KHRNF	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		KHRNF
	SZLSF	SHMN	BHNGF	MITI	YBGJ	OWPC	PLSH	JWCAF	PBIO	KHRNF

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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

YBGJ	+ 0.77	SZLSF
SHMN	+ 0.47	SZLSF
PLSH	+ 0.43	YBGJ
PLSH	+ 0.36	SZLSF
PBIO	+ 0.35	MITI
PBIO	+ 0.35	OWPC

High negative correlations

OWPC	- 0.45	SHMN
OWPC	- 0.43	SZLSF
OWPC	- 0.28	YBGJ
YBGJ	- 0.1	MITI
OWPC	- 0.08	MITI
PLSH	- 0.03	MITI

Risk-Adjusted Indicators

There is a big difference between Invitro OTC Stock performing well and Invitro International 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 Invitro International'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
SZLSF	2.69	(1.47)	0.00	(0.96)	0.00	0.00	0.00	0.00	90.20
SHMN	7.31	0.31	0.03	0.17	8.57	(15.57)	20.00	(16.67)	63.33
BHNGF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MITI	9.04	(0.26)	0.00	(0.10)	0.00	0.00	18.18	(20.00)	91.67
YBGJ	0.51	(0.14)	0.00	(2.49)	0.00	0.00	0.00	(1.37)	16.18
OWPC	11.56	0.73	0.05	0.87	13.40	(13.95)	29.31	(26.56)	93.43
PLSH	6.69	0.13	0.01	0.10	9.59	(22.48)	28.00	(27.55)	94.50
JWCAF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PBIO	234.53	115.62	2.58	1.55	21.97	(516.89)	33.33	(25.00)	7,959
KHRNF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Be your own money manager

Our tools can tell you how much better you can do entering a position in Invitro International without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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