Imd Companies Correlations

ICBU Stock

USD 0 0.0002 10.00%

The current 90-days correlation between Imd Companies and Biodesix is -0.02 (i.e., Good diversification). The correlation of Imd Companies 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Imd Companies Correlation With Market

Good diversification

The correlation between Imd Companies and DJI is -0.2 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Imd Companies and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Imd Pink Sheet

0.84	PPERF	Bank Mandiri Persero	Pair Corr
0.85	PPERY	Bank Mandiri Persero	Pair Corr
0.66	BKRKF	PT Bank Rakyat Earnings Call This Week	Pair Corr
0.61	TLKMF	Telkom Indonesia Tbk	Pair Corr
0.77	PTAIY	Astra International Tbk	Pair Corr
0.83	PTAIF	PT Astra International	Pair Corr
0.77	PBCRF	PT Bank Central	Pair Corr
0.89	PBCRY	Bank Central Asia	Pair Corr

Moving against Imd Pink Sheet

0.87	ADTN	ADTRAN Inc Buyout Trend	Pair Corr
0.79	WUXIF	WuXi AppTec	Pair Corr
0.77	OB	Outbrain	Pair Corr
0.61	REKR	Rekor Systems Buyout Trend	Pair Corr
0.54	A	Agilent Technologies Earnings Call This Week	Pair Corr
0.47	ARLP	Alliance Resource Fiscal Year End 3rd of February 2025	Pair Corr
0.91	EXCH	Exchange Bankshares	Pair Corr
0.89	BBAI	BigBearai Holdings Upward Rally	Pair Corr
0.88	DAVA	Endava	Pair Corr
0.84	PLTR	Palantir Technologies Earnings Call This Week	Pair Corr
0.83	JOBY	Joby Aviation	Pair Corr
0.82	GILT	Gilat Satellite Networks	Pair Corr
0.8	VUZI	Vuzix Corp Cmn Buyout Trend	Pair Corr
0.8	AYYLF	Ayala	Pair Corr
0.79	AZPN	Aspen Technology	Pair Corr
0.74	FRSX	Foresight Autonomous	Pair Corr
0.73	NTDOY	Nintendo Co ADR Earnings Call This Week	Pair Corr

Related Correlations Analysis

	BDSX	STIM	NDRA	FONR	RSHN	TOMDF	STRR	BNR	DRIO	SERA
BDSX		-0.65	0.5	-0.19	0.47	0.0	0.45	-0.4	0.48	0.5	BDSX
STIM	-0.65		-0.17	0.03	-0.31	0.0	-0.65	0.53	-0.35	-0.23	STIM
NDRA	0.5	-0.17		-0.21	0.45	0.0	0.6	-0.66	0.53	0.11	NDRA
FONR	-0.19	0.03	-0.21		-0.04	0.0	-0.01	0.16	-0.24	-0.34	FONR
RSHN	0.47	-0.31	0.45	-0.04		0.0	0.5	-0.49	0.26	-0.03	RSHN
TOMDF	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	TOMDF
STRR	0.45	-0.65	0.6	-0.01	0.5	0.0		-0.92	0.48	-0.08	STRR
BNR	-0.4	0.53	-0.66	0.16	-0.49	0.0	-0.92		-0.45	0.13	BNR
DRIO	0.48	-0.35	0.53	-0.24	0.26	0.0	0.48	-0.45		0.19	DRIO
SERA	0.5	-0.23	0.11	-0.34	-0.03	0.0	-0.08	0.13	0.19		SERA
	BDSX	STIM	NDRA	FONR	RSHN	TOMDF	STRR	BNR	DRIO	SERA

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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

STRR	+ 0.6	NDRA
BNR	+ 0.53	STIM
DRIO	+ 0.53	NDRA
NDRA	+ 0.5	BDSX
SERA	+ 0.5	BDSX
STRR	+ 0.5	RSHN

High negative correlations

BNR	- 0.92	STRR
BNR	- 0.66	NDRA
STRR	- 0.65	STIM
STIM	- 0.65	BDSX
BNR	- 0.49	RSHN
DRIO	- 0.45	BNR

Risk-Adjusted Indicators

There is a big difference between Imd Pink Sheet performing well and Imd Companies 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 Imd Companies' 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
BDSX	3.50	(0.53)	0.00	(19.57)	0.00	0.00	6.92	(8.87)	29.63
STIM	6.53	2.47	0.23	(2.82)	8.10	(7.80)	18.50	(9.45)	45.79
NDRA	5.63	(0.85)	0.00	(4.56)	0.00	0.00	12.95	(13.55)	40.39
FONR	1.40	(0.01)	(0.02)	0.08	1.59	(1.61)	2.67	(2.81)	13.34
RSHN	30.67	6.88	0.15	1.51	23.52	(91.67)	100.00	(50.00)	150.00
TOMDF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
STRR	2.63	(0.82)	0.00	(4.48)	0.00	0.00	5.56	(5.70)	17.14
BNR	4.82	1.55	0.24	10.02	4.49	(6.08)	15.95	(6.70)	46.14
DRIO	6.60	0.24	0.00	(0.07)	8.94	(8.49)	9.86	(12.66)	121.18
SERA	4.01	0.13	0.00	(0.10)	5.47	(4.22)	10.39	(8.66)	31.68

Be your own money manager

Our tools can tell you how much better you can do entering a position in Imd Companies 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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