International Container Correlations

ICTEF Stock

USD 9.83 0.13 1.31%

The current 90-days correlation between International Container and Alfa Laval AB is -0.04 (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

Good diversification

The correlation between International Container Termin and DJI is -0.03 (i.e., Good 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 Pink Sheet

0.68	DGWPF	Drgerwerk AG	Pair Corr
0.64	CSCO	Cisco Systems	Pair Corr

Moving against International Pink Sheet

0.55	NPNYY	Nippon Yusen Kabushiki	Pair Corr
0.63	T	ATT Inc	Pair Corr
0.56	HD	Home Depot	Pair Corr
0.5	MSFT	Microsoft Sell-off Trend	Pair Corr
0.31	CVX	Chevron Corp	Pair Corr

Related Correlations Analysis

	ALFVF	ALFVY	ACSAF	NPNYY	NYUKF	VWSYF	HLAGF	BMBLF	WEICF	VWDRY
ALFVF		0.26	0.88	-0.83	-0.46	0.82	-0.49	-0.72	0.76	0.82	ALFVF
ALFVY	0.26		0.5	-0.13	-0.49	0.47	0.28	-0.29	0.2	0.48	ALFVY
ACSAF	0.88	0.5		-0.72	-0.47	0.88	-0.34	-0.66	0.72	0.88	ACSAF
NPNYY	-0.83	-0.13	-0.72		0.42	-0.78	0.4	0.67	-0.76	-0.76	NPNYY
NYUKF	-0.46	-0.49	-0.47	0.42		-0.63	0.02	0.56	-0.37	-0.61	NYUKF
VWSYF	0.82	0.47	0.88	-0.78	-0.63		-0.25	-0.79	0.85	0.99	VWSYF
HLAGF	-0.49	0.28	-0.34	0.4	0.02	-0.25		0.22	-0.33	-0.25	HLAGF
BMBLF	-0.72	-0.29	-0.66	0.67	0.56	-0.79	0.22		-0.68	-0.8	BMBLF
WEICF	0.76	0.2	0.72	-0.76	-0.37	0.85	-0.33	-0.68		0.86	WEICF
VWDRY	0.82	0.48	0.88	-0.76	-0.61	0.99	-0.25	-0.8	0.86		VWDRY
	ALFVF	ALFVY	ACSAF	NPNYY	NYUKF	VWSYF	HLAGF	BMBLF	WEICF	VWDRY

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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

VWDRY	+ 0.99	VWSYF
ACSAF	+ 0.88	ALFVF
VWSYF	+ 0.88	ACSAF
VWDRY	+ 0.88	ACSAF
VWDRY	+ 0.86	WEICF
WEICF	+ 0.85	VWSYF

High negative correlations

NPNYY	- 0.83	ALFVF
VWDRY	- 0.8	BMBLF
BMBLF	- 0.79	VWSYF
VWSYF	- 0.78	NPNYY
VWDRY	- 0.76	NPNYY
WEICF	- 0.76	NPNYY

Risk-Adjusted Indicators

There is a big difference between International Pink Sheet 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
ALFVF	0.16	0.09	0.00	(0.25)	0.00	0.00	0.00	0.00	5.48
ALFVY	1.01	0.11	0.10	0.16	0.91	(1.22)	2.36	(1.51)	5.73
ACSAF	1.07	0.39	0.00	1.76	0.00	0.00	1.26	0.00	22.58
NPNYY	1.11	(0.14)	0.00	(0.13)	0.00	0.00	1.94	(2.31)	7.79
NYUKF	5.01	1.48	0.25	5.31	4.45	(6.43)	12.14	(7.94)	19.02
VWSYF	1.98	0.59	0.28	1.08	1.46	(2.33)	6.18	(3.43)	15.73
HLAGF	1.62	(0.09)	0.00	(0.01)	0.00	0.00	6.27	(5.34)	20.07
BMBLF	1.54	(0.12)	0.00	(0.73)	0.00	0.00	4.07	(5.24)	13.88
WEICF	2.37	0.61	0.14	(0.81)	2.09	(4.29)	5.63	(4.42)	37.32
VWDRY	1.87	0.55	0.30	0.46	1.36	(2.34)	5.85	(2.25)	22.20

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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