ICE FISH Correlations

4YYA Stock

0.54 0.04 6.90%

The current 90-days correlation between ICE FISH FARM and Perusahaan Perseroan PT is -0.07 (i.e., Good diversification). The correlation of ICE FISH 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.

ICE FISH Correlation With Market

Pay attention - limited upside

The correlation between ICE FISH FARM and DJI is -0.81 (i.e., Pay attention - limited upside) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ICE FISH FARM and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with ICE Stock

0.71	BT3	BIOTIME	Pair Corr
0.8	IB5A	I CABLE M	Pair Corr
0.81	MBJ	MBIA Earnings Call This Week	Pair Corr
0.74	MBJ	MBIA Inc Earnings Call This Week	Pair Corr
0.85	AJW	ANGES MG	Pair Corr

Moving against ICE Stock

0.86	OTP	OTP Bank Nyrt	Pair Corr
0.85	HBC1	HSBC Holdings plc Earnings Call This Week	Pair Corr
0.8	FV6	EMMI N Earnings Call This Week	Pair Corr
0.8	KGHA	KGHM Polska Miedz	Pair Corr
0.79	NZR	NZ REFINING CO Earnings Call This Week	Pair Corr
0.78	TQI	TELECOM ITALIA	Pair Corr
0.73	ST2	Sturm Ruger	Pair Corr
0.72	4FO	Industrias Penoles Sab	Pair Corr
0.72	CPA	Colgate Palmolive	Pair Corr
0.7	ADH2	Air Canada	Pair Corr
0.69	LOR	LOral SA	Pair Corr
0.69	BSI	BE Semiconductor Ind Earnings Call Today	Pair Corr
0.65	CWT	Curtiss Wright	Pair Corr
0.64	L3X	Centrais Elétricas Earnings Call This Week	Pair Corr
0.63	UWS	Waste Management	Pair Corr
0.56	PD0	Pebblebrook Hotel Trust Earnings Call This Week	Pair Corr
0.55	LVN	CP ALL Public	Pair Corr
0.54	S05	Scales Limited Earnings Call This Week	Pair Corr
0.5	6FO	GOODTECH ASA A	Pair Corr
0.49	3YC	STV GROUP PLC	Pair Corr
0.9	1KT	Keysight Technologies Earnings Call This Week	Pair Corr
0.85	HBC1	HSBC HLDG Earnings Call This Week	Pair Corr
0.84	TGE1	MOBILEZONE N	Pair Corr
0.84	2SF	Sparebank 1 Ostlandet	Pair Corr
0.82	G40	GDS Holdings Limited	Pair Corr
0.8	ALV	Allianz SE Earnings Call This Week	Pair Corr
0.79	2N8	Global Net Lease Earnings Call This Week	Pair Corr
0.78	ASME	ASML Holding NV	Pair Corr

Related Correlations Analysis

	PQ9	PQ90	BYRA	SSUN	SSU	SSUN	SSU	BZG2	TCID	PTI
PQ9		0.29	0.2	0.16	0.19	0.21	0.23	-0.02	-0.17	-0.03	PQ9
PQ90	0.29		-0.09	0.32	0.31	0.31	0.32	-0.05	-0.06	-0.06	PQ90
BYRA	0.2	-0.09		0.46	0.47	0.48	0.48	-0.46	-0.18	-0.13	BYRA
SSUN	0.16	0.32	0.46		0.99	0.98	0.98	-0.75	-0.27	-0.37	SSUN
SSU	0.19	0.31	0.47	0.99		0.98	0.99	-0.76	-0.29	-0.38	SSU
SSUN	0.21	0.31	0.48	0.98	0.98		0.99	-0.76	-0.3	-0.36	SSUN
SSU	0.23	0.32	0.48	0.98	0.99	0.99		-0.75	-0.31	-0.36	SSU
BZG2	-0.02	-0.05	-0.46	-0.75	-0.76	-0.76	-0.75		0.29	0.44	BZG2
TCID	-0.17	-0.06	-0.18	-0.27	-0.29	-0.3	-0.31	0.29		0.65	TCID
PTI	-0.03	-0.06	-0.13	-0.37	-0.38	-0.36	-0.36	0.44	0.65		PTI
	PQ9	PQ90	BYRA	SSUN	SSU	SSUN	SSU	BZG2	TCID	PTI

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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

SSU	+ 0.99	SSUN
SSU	+ 0.99	SSU
SSU	+ 0.99	SSUN
SSUN	+ 0.98	SSUN
SSU	+ 0.98	SSUN
SSUN	+ 0.98	SSU

High negative correlations

BZG2	- 0.76	SSUN
BZG2	- 0.76	SSU
BZG2	- 0.75	SSU
BZG2	- 0.75	SSUN
BZG2	- 0.46	BYRA
PTI	- 0.38	SSU

Risk-Adjusted Indicators

There is a big difference between ICE Stock performing well and ICE FISH 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 ICE FISH'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
PQ9	4.85	0.32	0.04	0.17	5.73	(9.30)	17.39	(14.29)	40.26
PQ90	2.90	0.42	0.08	(5.98)	3.77	(3.85)	11.49	(9.09)	42.92
BYRA	3.74	0.18	0.01	(0.11)	4.15	(7.41)	11.11	(10.00)	26.67
SSUN	2.60	0.75	0.26	0.92	2.27	(3.01)	6.04	(4.93)	14.94
SSU	2.95	0.84	0.30	1.85	2.34	(3.79)	7.66	(4.89)	15.03
SSUN	2.50	0.80	0.26	(1.12)	2.22	(2.96)	6.10	(4.11)	13.83
SSU	2.83	0.93	0.31	(1.43)	2.11	(3.80)	6.22	(3.69)	15.50
BZG2	2.79	(0.06)	0.00	0.47	0.00	0.00	7.50	(7.69)	22.82
TCID	4.01	0.13	0.01	0.66	5.37	(10.33)	12.50	(15.00)	35.42
PTI	1.54	(0.02)	(0.02)	(0.03)	2.50	(1.69)	3.47	(3.30)	16.77

Be your own money manager

Our tools can tell you how much better you can do entering a position in ICE FISH 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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ICE FISH Corporate Management

Elected by the shareholders, the ICE FISH's board of directors comprises two types of representatives: ICE FISH inside directors who are chosen from within the company, and outside directors, selected externally and held independent of ICE. The board's role is to monitor ICE FISH's management team and ensure that shareholders' interests are well served. ICE FISH's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, ICE FISH's outside directors are responsible for providing unbiased perspectives on the board's policies.

Elis Gretarsson	Chief Harvest	Profile
Johannes Sigurosson	Chief South	Profile
Vidar Aspehaug	Interim Officer	Profile
Hjalti Hvitklett	Interim Officer	Profile
Guomundur Gislason	Chief Officer	Profile
Kjartan Lindbol	Chief SEA	Profile
Jens Helgason	Deputy Officer	Profile

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