International Container Correlations

ICT Stock

671.50 11.50 1.74%

The current 90-days correlation between International Container and Metropolitan Bank Trust is -0.13 (i.e., Good diversification). The correlation of International Container 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.

International Container Correlation With Market

Very poor diversification

The correlation between International Container Termin and DJI is 0.8 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding International Container Termin and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with International Stock

0.88	AC	Ayala Corp	Pair Corr
0.89	AEV	Aboitiz Equity Ventures	Pair Corr
0.84	TEL	PLDT Inc	Pair Corr
0.62	BDO	BDO Unibank	Pair Corr
0.66	GLO	Globe Telecom	Pair Corr
0.82	MBT	Metropolitan Bank Trust	Pair Corr
0.78	FPH	First Philippine Holdings	Pair Corr
0.87	CEBCP	Cebu Air Preferred	Pair Corr
0.87	GMA7	GMA Network	Pair Corr
0.66	BNCOM	Bank of Commerce	Pair Corr
0.84	NIKL	Nickel Asia Corp	Pair Corr
0.9	AUB	Asia United Bank	Pair Corr
0.76	GTPPB	GT Capital Holdings	Pair Corr
0.89	CPG	Century Properties	Pair Corr
0.8	FLI	Filinvest Land	Pair Corr
0.66	ECVC	ECVC	Pair Corr
0.9	RLC	Robinsons Land Corp	Pair Corr
0.92	RRHI	Robinsons Retail Holdings	Pair Corr
0.75	URC	Universal Robina Corp	Pair Corr
0.81	PNB	Philippine National Bank	Pair Corr

Moving against International Stock

0.39	ACE	Acesite Hotel Corp	Pair Corr
0.68	ECP	Easycall Communications	Pair Corr

Related Correlations Analysis

	SLF	SM	MBT	NRCP	SECB	MRSGI	FCG	EW
SLF		-0.11	0.7	0.33	-0.09	0.57	0.69	0.83	SLF
SM	-0.11		0.16	0.42	0.46	0.27	0.14	0.11	SM
MBT	0.7	0.16		0.65	-0.11	0.74	0.72	0.88	MBT
NRCP	0.33	0.42	0.65		-0.23	0.64	0.38	0.57	NRCP
SECB	-0.09	0.46	-0.11	-0.23		-0.12	-0.11	-0.12	SECB
MRSGI	0.57	0.27	0.74	0.64	-0.12		0.69	0.81	MRSGI
FCG	0.69	0.14	0.72	0.38	-0.11	0.69		0.8	FCG
EW	0.83	0.11	0.88	0.57	-0.12	0.81	0.8		EW
	SLF	SM	MBT	NRCP	SECB	MRSGI	FCG	EW

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

EW	+ 0.88	MBT
EW	+ 0.83	SLF
EW	+ 0.81	MRSGI
EW	+ 0.8	FCG
MRSGI	+ 0.74	MBT
FCG	+ 0.72	MBT

High negative correlations

SECB	- 0.23	NRCP
EW	- 0.12	SECB
MRSGI	- 0.12	SECB
FCG	- 0.11	SECB
SECB	- 0.11	MBT
SM	- 0.11	SLF

Risk-Adjusted Indicators

There is a big difference between International Stock performing well and International Container 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 International Container'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
SLF	1.23	0.14	0.04	0.94	1.70	(1.73)	2.86	(2.78)	9.98
SM	0.95	(0.04)	0.00	(0.04)	0.00	0.00	2.54	(2.12)	6.94
MBT	1.48	0.19	0.07	2.40	1.96	(1.52)	3.53	(3.77)	8.52
NRCP	2.14	0.13	0.03	0.76	2.11	(3.68)	5.26	(4.05)	25.31
SECB	0.72	0.00	(0.03)	0.03	1.05	(0.76)	2.06	(1.74)	5.15
MRSGI	1.00	0.03	0.00	0.11	1.24	(1.79)	2.59	(2.52)	9.59
FCG	1.27	0.08	0.02	3.08	1.37	(2.19)	3.39	(3.33)	7.21
EW	0.62	0.13	0.10	(2.24)	0.65	(0.73)	1.58	(1.13)	5.25

Be your own money manager

Our tools can tell you how much better you can do entering a position in International Container 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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