Ice Code Correlations

ICG Stock

0.24 0.01 4.00%

The current 90-days correlation between Ice Code Games and Ailleron SA is -0.18 (i.e., Good diversification). The correlation of Ice Code 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.

Ice Code Correlation With Market

Pay attention - limited upside

The correlation between Ice Code Games and DJI is -0.71 (i.e., Pay attention - limited upside) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ice Code Games and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Ice Stock

0.87	BNP	BNP Paribas Bank	Pair Corr
0.83	SPL	Santander Bank Polska	Pair Corr
0.76	ART	Artifex Mundi SA	Pair Corr
0.75	ENT	Enter Air SA	Pair Corr
0.73	MIL	Bank Millennium SA	Pair Corr
0.71	BKD	Baked Games SA	Pair Corr
0.71	URT	Urteste SA	Pair Corr
0.7	CAR	Inter Cars SA	Pair Corr
0.69	VRC	Vercom SA	Pair Corr
0.66	ULM	ULMA Construccion Polska	Pair Corr
0.66	ZUK	Zaklady Urzadzen Kot	Pair Corr
0.66	PKN	Polski Koncern Naftowy Earnings Call Today	Pair Corr
0.6	VEE	Vee SA	Pair Corr
0.59	QNT	Quantum Software	Pair Corr
0.56	MEG	Megaron SA	Pair Corr
0.55	AGL	Agroliga Group PLC	Pair Corr
0.55	KRU	Kruk SA Earnings Call This Week	Pair Corr
0.52	ERB	Erbud SA	Pair Corr
0.5	DOM	Dom Development SA Earnings Call This Week	Pair Corr
0.48	CLE	Coal Energy SA	Pair Corr
0.44	DEL	Delko SA	Pair Corr
0.42	KOM	Komputronik SA	Pair Corr
0.85	PEO	Bank Polska Kasa Earnings Call Today	Pair Corr
0.85	ATP	Atlanta Poland SA	Pair Corr
0.85	ALR	Alior Bank SA Earnings Call This Week	Pair Corr
0.83	XTB	X Trade Brokers	Pair Corr
0.81	UCG	UniCredit SpA	Pair Corr
0.8	BHW	Bank Handlowy w	Pair Corr
0.78	ALL	Ailleron SA	Pair Corr
0.78	WWL	WAWEL SA	Pair Corr
0.77	BFT	Benefit Systems SA	Pair Corr
0.77	NWG	Newag SA	Pair Corr
0.76	KGH	KGHM Polska Miedz	Pair Corr
0.74	KTY	Grupa KTY SA	Pair Corr
0.74	IZO	Izolacja Jarocin	Pair Corr
0.74	GRX	GreenX Metals	Pair Corr

Related Correlations Analysis

	GRX	ULM	DEL	PKN	BNP	KER	PEO	MIL	ALL
GRX		0.71	0.55	0.62	0.83	0.71	0.76	0.68	0.66	GRX
ULM	0.71		0.79	0.38	0.81	0.66	0.78	0.73	0.67	ULM
DEL	0.55	0.79		0.23	0.63	0.47	0.52	0.71	0.33	DEL
PKN	0.62	0.38	0.23		0.73	0.27	0.67	0.74	0.57	PKN
BNP	0.83	0.81	0.63	0.73		0.65	0.93	0.88	0.81	BNP
KER	0.71	0.66	0.47	0.27	0.65		0.68	0.47	0.49	KER
PEO	0.76	0.78	0.52	0.67	0.93	0.68		0.85	0.86	PEO
MIL	0.68	0.73	0.71	0.74	0.88	0.47	0.85		0.68	MIL
ALL	0.66	0.67	0.33	0.57	0.81	0.49	0.86	0.68		ALL
	GRX	ULM	DEL	PKN	BNP	KER	PEO	MIL	ALL

Risk-Adjusted Indicators

There is a big difference between Ice Stock performing well and Ice Code 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 Ice Code'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
GRX	2.40	0.34	0.10	(0.47)	2.47	(3.26)	3.85	(4.29)	29.26
ULM	1.05	0.16	0.04	(1.02)	1.51	(1.98)	3.45	(3.08)	12.63
DEL	1.21	0.13	0.05	(5.93)	1.41	(1.43)	2.78	(2.60)	14.57
PKN	1.51	0.13	0.03	(0.18)	1.90	(1.58)	3.90	(2.57)	12.47
BNP	1.39	0.44	0.33	(5.35)	0.74	(2.14)	3.85	(1.90)	9.28
KER	1.68	0.22	0.08	(4.26)	1.86	(2.14)	4.06	(3.17)	15.69
PEO	1.20	0.24	0.17	0.78	1.04	(1.62)	3.22	(2.23)	8.14
MIL	1.42	0.11	0.05	0.25	1.58	(1.55)	3.52	(2.81)	10.08
ALL	1.30	0.32	0.21	(2.53)	0.98	(1.68)	2.92	(2.23)	12.66

Be your own money manager

Our tools can tell you how much better you can do entering a position in Ice Code 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?

Run Positions Ratings Now

Positions Ratings

Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance

All Next

Launch Module

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC