ICoreConnect Common Correlations

ICCT Stock

USD 2.76 0.01 0.36%

The current 90-days correlation between iCoreConnect Common stock and MSP Recovery is -0.12 (i.e., Good diversification). The correlation of ICoreConnect Common 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.

ICoreConnect Common Correlation With Market

Good diversification

The correlation between iCoreConnect Common stock and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iCoreConnect Common stock and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in iCoreConnect Common stock. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Moving together with ICoreConnect Stock

0.77	ENSG	Ensign Group	Pair Corr
0.65	NHC	National HealthCare	Pair Corr
0.83	TFX	Teleflex Incorporated	Pair Corr
0.76	VMD	Viemed Healthcare	Pair Corr
0.72	GCTK	GlucoTrack	Pair Corr
0.78	INNV	InnovAge Holding Corp Earnings Call This Week	Pair Corr
0.81	PNTG	Pennant Group	Pair Corr
0.65	SNDA	Sonida Senior Living	Pair Corr

Moving against ICoreConnect Stock

0.82	WAY	Waystar Holding Corp	Pair Corr
0.65	AHG	Akso Health Group	Pair Corr
0.62	CAH	Cardinal Health	Pair Corr
0.37	EHAB	Enhabit	Pair Corr
0.74	LNSR	LENSAR Inc	Pair Corr
0.57	MBOT	Microbot Medical	Pair Corr
0.53	XYLO	Xylo Technologies Symbol Change	Pair Corr
0.39	MSPRW	MSP Recovery Symbol Change	Pair Corr
0.34	HIMS	Hims Hers Health Trending	Pair Corr
0.76	ATEC	Alphatec Holdings	Pair Corr
0.74	STRM	Streamline Health	Pair Corr
0.6	TMCI	Treace Medical Concepts	Pair Corr
0.57	TNDM	Tandem Diabetes Care	Pair Corr

Related Correlations Analysis

	PEARQ	SY	EVH	LIFW	HITC	MDNWF	COGZF	MITI	DTRK	EVAHF
PEARQ		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	PEARQ
SY	0.0		0.43	0.27	0.29	0.0	-0.1	0.09	0.42	-0.42	SY
EVH	0.0	0.43		0.64	-0.15	0.0	-0.44	0.12	-0.27	-0.4	EVH
LIFW	0.0	0.27	0.64		-0.33	0.0	-0.51	0.34	-0.34	0.01	LIFW
HITC	0.0	0.29	-0.15	-0.33		0.0	0.46	-0.06	0.37	-0.52	HITC
MDNWF	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	MDNWF
COGZF	0.0	-0.1	-0.44	-0.51	0.46	0.0		-0.33	0.34	0.28	COGZF
MITI	0.0	0.09	0.12	0.34	-0.06	0.0	-0.33		-0.05	-0.05	MITI
DTRK	0.0	0.42	-0.27	-0.34	0.37	0.0	0.34	-0.05		-0.18	DTRK
EVAHF	0.0	-0.42	-0.4	0.01	-0.52	0.0	0.28	-0.05	-0.18		EVAHF
	PEARQ	SY	EVH	LIFW	HITC	MDNWF	COGZF	MITI	DTRK	EVAHF

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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

LIFW	+ 0.64	EVH
COGZF	+ 0.46	HITC
EVH	+ 0.43	SY
DTRK	+ 0.42	SY
DTRK	+ 0.37	HITC
MITI	+ 0.34	LIFW

High negative correlations

EVAHF	- 0.52	HITC
COGZF	- 0.51	LIFW
COGZF	- 0.44	EVH
EVAHF	- 0.42	SY
EVAHF	- 0.4	EVH
DTRK	- 0.34	LIFW

Risk-Adjusted Indicators

There is a big difference between ICoreConnect Stock performing well and ICoreConnect Common 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 ICoreConnect Common'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
PEARQ	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SY	3.65	(0.13)	0.00	(0.81)	0.00	0.00	9.30	(6.90)	23.53
EVH	3.49	(0.76)	0.00	0.83	0.00	0.00	5.49	(9.77)	51.11
LIFW	8.60	(0.27)	0.00	(0.03)	0.00	0.00	14.73	(15.84)	132.79
HITC	6.14	1.39	0.13	0.89	6.20	(10.77)	13.33	(8.33)	92.86
MDNWF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
COGZF	1.45	0.18	0.01	(0.93)	2.22	(2.82)	4.69	(4.11)	16.11
MITI	13.43	3.09	0.10	(0.35)	14.27	(28.48)	44.12	(32.00)	161.28
DTRK	3.61	(2.01)	0.00	(0.90)	0.00	0.00	2.74	(28.08)	30.82
EVAHF	16.99	4.60	0.09	4.41	15.85	(66.99)	20.00	(34.78)	351.50

ICoreConnect Common Corporate Management

Muralidar Chakravarthi	Chief Officer	Profile
David Fidanza	Chief Officer	Profile
Cile Spelce	Chief Officer	Profile
Michael Islek	Chief Advisor	Profile
Alyse Fidanza	Secretary	Profile
Stacey Trottier	Vice Sales	Profile
Archit Shah	Chief Officer	Profile

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