International Business Correlations
| IBM Stock | 118.95 30.96 20.65% |
The current 90-days correlation between International Business and Scandinavian Tobacco Group is -0.03 (i.e., Good diversification). The correlation of International Business 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.
International Business Correlation With Market
Good diversification
The correlation between International Business Machine and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding International Business Machine and DJI in the same portfolio, assuming nothing else is changed.
International |
The ability to find closely correlated positions to International Business could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace International Business 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 International Business - 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 International Business Machines to buy it.
Moving against International Stock
| 0.62 | 0R15 | SoftBank Group Corp | PairCorr |
| 0.55 | SMSN | Samsung Electronics | PairCorr |
| 0.54 | SMSD | Samsung Electronics | PairCorr |
| 0.49 | 0QFP | Gedeon Richter PLC | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
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Risk-Adjusted Indicators
There is a big difference between International Stock performing well and International Business 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 International Business' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 0RES | 0.79 | (0.11) | 0.00 | (0.33) | 0.00 | 1.29 | 13.65 | |||
| 0RQ9 | 2.27 | 0.07 | 0.03 | 0.18 | 2.62 | 6.17 | 13.73 | |||
| JD | 1.97 | (0.62) | 0.00 | (2.80) | 0.00 | 3.63 | 20.72 | |||
| CMCL | 1.43 | (0.08) | 0.00 | (0.14) | 0.00 | 4.08 | 14.29 | |||
| ISLN | 1.42 | 0.13 | 0.00 | (0.97) | 1.80 | 3.03 | 8.80 | |||
| 0J71 | 1.27 | (0.05) | (0.04) | 0.06 | 1.73 | 2.51 | 8.85 | |||
| 0QT5 | 1.06 | 0.04 | (0.04) | 0.31 | 1.11 | 2.82 | 5.95 |
International Business Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with International Business stock to make a market-neutral strategy. Peer analysis of International Business could also be used in its relative valuation, which is a method of valuing International Business by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
International Business Corporate Management
Elected by the shareholders, the International Business' board of directors comprises two types of representatives: International Business inside directors who are chosen from within the company, and outside directors, selected externally and held independent of International. The board's role is to monitor International Business' management team and ensure that shareholders' interests are well served. International Business' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, International Business' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Thomas Rosamilia | VP Software | Profile | |
| Bernard Meyerson | Chief Emeritus | Profile | |
| Nickle LaMoreaux | Senior Officer | Profile | |
| Kareem Yusuf | Senior Software | Profile | |
| James Kavanaugh | CFO Operations | Profile | |
| Kathryn Guarini | Chief Officer | Profile | |
| Alexander Stern | MA, Strategy | Profile |