IBW Financial Correlations

IBWC Stock

USD 38.00 0.15 0.40%

The current 90-days correlation between IBW Financial and National Bank of is -0.4 (i.e., Very good 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

Very good diversification

The correlation between IBW Financial and DJI is -0.39 (i.e., Very 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.

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

0.64

PTAIF

PT Astra International

Pair Corr

Moving against IBW Pink Sheet

0.88	TLKMF	Telkom Indonesia Tbk	Pair Corr
0.78	PPERY	Bank Mandiri Persero	Pair Corr
0.74	CIHHF	China Merchants Bank	Pair Corr
0.74	TLK	Telkom Indonesia Tbk	Pair Corr
0.71	PPERF	Bank Mandiri Persero	Pair Corr
0.65	PNC	PNC Financial Services	Pair Corr
0.64	DCI	Donaldson	Pair Corr
0.59	MFG	Mizuho Financial Earnings Call This Week	Pair Corr
0.55	BKKLY	Bangkok Bank PCL	Pair Corr
0.48	ITUB	Itau Unibanco Banco Earnings Call This Week	Pair Corr
0.41	BBDC4	Banco Bradesco SA	Pair Corr
0.85	MRK	Merck Company Earnings Call This Week	Pair Corr
0.84	JNJ	Johnson Johnson	Pair Corr
0.78	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.73	PFE	Pfizer Inc Earnings Call This Week	Pair Corr
0.7	DD	Dupont De Nemours	Pair Corr
0.7	WMT	Walmart Common Stock	Pair Corr
0.6	TRV	The Travelers Companies Sell-off Trend	Pair Corr
0.6	VZ	Verizon Communications Earnings Call This Week	Pair Corr
0.53	MARUF	Marubeni Earnings Call This Week	Pair Corr
0.53	KO	Coca Cola	Pair Corr
0.47	XOM	Exxon Mobil Corp Earnings Call This Week	Pair Corr

Related Correlations Analysis

	RBNK	BKUTK	NCXS	HVLM	EFSG	CNBZ	ELMA	SSBP	WOBK	QNTO
RBNK		0.68	0.53	0.73	0.67	0.38	0.57	0.62	0.83	0.85	RBNK
BKUTK	0.68		0.32	0.61	0.79	0.43	0.71	0.64	0.48	0.74	BKUTK
NCXS	0.53	0.32		0.56	0.31	0.45	0.33	0.28	0.61	0.5	NCXS
HVLM	0.73	0.61	0.56		0.62	0.73	0.76	0.61	0.89	0.8	HVLM
EFSG	0.67	0.79	0.31	0.62		0.48	0.69	0.75	0.48	0.8	EFSG
CNBZ	0.38	0.43	0.45	0.73	0.48		0.79	0.53	0.56	0.59	CNBZ
ELMA	0.57	0.71	0.33	0.76	0.69	0.79		0.78	0.58	0.83	ELMA
SSBP	0.62	0.64	0.28	0.61	0.75	0.53	0.78		0.51	0.82	SSBP
WOBK	0.83	0.48	0.61	0.89	0.48	0.56	0.58	0.51		0.76	WOBK
QNTO	0.85	0.74	0.5	0.8	0.8	0.59	0.83	0.82	0.76		QNTO
	RBNK	BKUTK	NCXS	HVLM	EFSG	CNBZ	ELMA	SSBP	WOBK	QNTO

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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
RBNK	0.79	0.36	0.00	325.60	0.00	0.00	4.00	0.00	9.97
BKUTK	1.15	0.10	0.02	5.37	1.35	(1.76)	2.51	(2.83)	8.53
NCXS	0.59	0.09	0.00	(0.75)	0.00	0.00	1.65	(1.64)	15.55
HVLM	0.10	0.04	0.00	1.65	0.00	0.00	0.00	0.00	2.01
EFSG	0.94	0.28	0.00	0.54	0.00	0.00	0.27	0.00	24.02
CNBZ	0.65	0.36	0.00	(0.59)	0.00	0.00	0.00	0.00	19.58
ELMA	0.12	0.04	0.00	(0.63)	0.00	0.00	0.53	0.00	1.69
SSBP	0.91	0.16	0.03	0.43	1.40	(2.33)	3.39	(0.99)	13.73
WOBK	0.70	0.22	0.00	(4.91)	0.00	0.00	2.78	(0.38)	13.20
QNTO	1.12	0.48	0.19	(0.87)	0.81	(1.48)	2.96	(2.22)	12.70

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.

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