IBW Financial Correlations
| IBWC Stock | USD 40.15 2.22 5.85% |
The current 90-days correlation between IBW Financial and SpareBank 1 Nord Norge is 0.01 (i.e., Significant diversification). The correlation of IBW Financial 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.
IBW Financial Correlation With Market
Good diversification
The correlation between IBW Financial 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 IBW Financial and DJI in the same portfolio, assuming nothing else is changed.
IBW |
The ability to find closely correlated positions to IBW Financial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace IBW Financial 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 IBW Financial - 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 IBW Financial to buy it.
Moving together with IBW Pink Sheet
Moving against IBW Pink Sheet
| 0.72 | BRK-B | Berkshire Hathaway Sell-off Trend | PairCorr |
| 0.57 | MFG | Mizuho Financial | PairCorr |
| 0.56 | CIHKY | China Merchants Bank | PairCorr |
| 0.56 | HYMTF | Hyundai Motor | PairCorr |
| 0.55 | CIHHF | China Merchants Bank | PairCorr |
| 0.5 | BRK-A | Berkshire Hathaway | PairCorr |
| 0.45 | BNPQY | BNP Paribas SA | PairCorr |
| 0.41 | BBDC4 | Banco Bradesco SA | PairCorr |
| 0.74 | APGE | Apogee Therapeutics, | PairCorr |
| 0.69 | HL | Hecla Mining | PairCorr |
| 0.65 | CX | Cemex SAB de | PairCorr |
| 0.52 | EGP | EastGroup Properties | PairCorr |
| 0.43 | ALVLF | Big Ridge Gold | PairCorr |
| 0.4 | ULTA | Ulta Beauty | PairCorr |
| 0.38 | ZPTA | Zapata Computing Holdings Tech Boost | PairCorr |
| 0.36 | PII | Polaris Industries | PairCorr |
| 0.75 | IDN | Intellicheck Mobilisa | PairCorr |
| 0.74 | RLMD | Relmada Therapeutics | PairCorr |
| 0.7 | REGN | Regeneron Pharmaceuticals | PairCorr |
| 0.65 | AKAM | Akamai Technologies | PairCorr |
| 0.64 | KYOCF | Kyocera | PairCorr |
| 0.63 | PHAR | Pharming Group NV | PairCorr |
Related Correlations Analysis
| 0.0 | 0.19 | 0.06 | 0.66 | SPXXF | ||
| 0.0 | 0.0 | 0.0 | 0.0 | DAHSF | ||
| 0.19 | 0.0 | -0.12 | -0.02 | LRCDF | ||
| 0.06 | 0.0 | -0.12 | 0.09 | CBCY | ||
| 0.66 | 0.0 | -0.02 | 0.09 | GKSGF | ||
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between IBW Pink Sheet performing well and IBW Financial 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 IBW Financial'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SPXXF | 0.05 | 0.02 | 0.00 | 0.69 | 0.00 | 0.00 | 1.78 | |||
| DAHSF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| LRCDF | 1.00 | 0.30 | 0.10 | 0.84 | 1.00 | 2.15 | 19.22 | |||
| CBCY | 288.13 | 164.93 | 5.74 | (0.46) | 13.01 | 8.79 | 4,998 | |||
| GKSGF | 1.24 | 0.31 | 0.00 | (1.95) | 0.00 | 0.00 | 61.92 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in IBW Financial 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.Did you try this?
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