Intellicheck Mobilisa Correlations

IDN Stock

USD 2.81 0.14 5.24%

The current 90-days correlation between Intellicheck Mobilisa and Boardwalktech Software Corp is -0.03 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Intellicheck Mobilisa moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Intellicheck Mobilisa moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Intellicheck Mobilisa Correlation With Market

Modest diversification

The correlation between Intellicheck Mobilisa and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Intellicheck Mobilisa 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 Intellicheck Mobilisa. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

To learn how to invest in Intellicheck Stock, please use our How to Invest in Intellicheck Mobilisa guide.

Moving together with Intellicheck Stock

0.77	KN	Knowles Cor	Pair Corr
0.67	UI	Ubiquiti Networks Tech Boost	Pair Corr
0.82	VIAV	Viavi Solutions	Pair Corr
0.76	SATLW	Satellogic Warrant	Pair Corr
0.64	EMKR	EMCORE	Pair Corr
0.8	EXTR	Extreme Networks	Pair Corr
0.83	FFIV	F5 Networks	Pair Corr
0.61	FLEX	Flex	Pair Corr
0.71	APH	Amphenol Earnings Call This Week	Pair Corr
0.77	CLS	Celestica	Pair Corr
0.62	CTS	CTS Corporation	Pair Corr
0.65	DLB	Dolby Laboratories	Pair Corr
0.63	GLW	Corning Incorporated	Pair Corr
0.61	HPE	Hewlett Packard Ente Aggressive Push	Pair Corr
0.61	MEI	Methode Electronics	Pair Corr

Moving against Intellicheck Stock

0.66	VISL	Vislink Technologies	Pair Corr
0.61	DM	Desktop Metal	Pair Corr
0.47	FN	Fabrinet	Pair Corr
0.44	DSWL	Deswell Industries	Pair Corr
0.41	VSAT	ViaSat Inc	Pair Corr
0.72	CDW	CDW Corp	Pair Corr
0.36	UKOMW	Ucommune International	Pair Corr
0.8	LPL	LG Display Earnings Call This Week	Pair Corr
0.72	OST	Ostin Technology	Pair Corr
0.7	STX	Seagate Technology PLC Earnings Call This Week	Pair Corr
0.46	HPQ	HP Inc	Pair Corr

Related Correlations Analysis

	BWLKF	RSSS	OSSIF	MIXT	ONTF	MODN	OLO	MNTV	CCRD	GVP
BWLKF		-0.92	-0.24	0.8	-0.54	-0.41	-0.82	-0.28	-0.81	-0.5	BWLKF
RSSS	-0.92		0.33	-0.88	0.58	0.52	0.92	0.35	0.9	0.55	RSSS
OSSIF	-0.24	0.33		-0.47	0.34	0.63	0.47	0.93	0.49	0.58	OSSIF
MIXT	0.8	-0.88	-0.47		-0.54	-0.69	-0.88	-0.49	-0.88	-0.63	MIXT
ONTF	-0.54	0.58	0.34	-0.54		0.43	0.68	0.34	0.62	0.25	ONTF
MODN	-0.41	0.52	0.63	-0.69	0.43		0.68	0.63	0.74	0.63	MODN
OLO	-0.82	0.92	0.47	-0.88	0.68	0.68		0.49	0.96	0.62	OLO
MNTV	-0.28	0.35	0.93	-0.49	0.34	0.63	0.49		0.51	0.64	MNTV
CCRD	-0.81	0.9	0.49	-0.88	0.62	0.74	0.96	0.51		0.69	CCRD
GVP	-0.5	0.55	0.58	-0.63	0.25	0.63	0.62	0.64	0.69		GVP
	BWLKF	RSSS	OSSIF	MIXT	ONTF	MODN	OLO	MNTV	CCRD	GVP

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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

CCRD	+ 0.96	OLO
MNTV	+ 0.93	OSSIF
OLO	+ 0.92	RSSS
CCRD	+ 0.9	RSSS
MIXT	+ 0.8	BWLKF
CCRD	+ 0.74	MODN

High negative correlations

RSSS	- 0.92	BWLKF
CCRD	- 0.88	MIXT
OLO	- 0.88	MIXT
MIXT	- 0.88	RSSS
OLO	- 0.82	BWLKF
CCRD	- 0.81	BWLKF

Risk-Adjusted Indicators

There is a big difference between Intellicheck Stock performing well and Intellicheck Mobilisa 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 Intellicheck Mobilisa'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
BWLKF	6.24	(0.15)	0.00	0.40	0.00	0.00	18.18	(19.44)	47.78
RSSS	2.18	0.55	0.24	(10.31)	1.68	(2.68)	5.52	(3.32)	11.80
OSSIF	1.45	0.59	0.36	5.47	0.18	(3.27)	2.22	(1.59)	29.87
MIXT	2.00	(0.17)	0.00	(3.60)	0.00	0.00	3.52	(3.34)	12.12
ONTF	1.44	0.07	0.03	0.08	1.98	(1.52)	2.88	(3.03)	13.36
MODN	0.50	0.16	0.20	0.93	0.29	(0.69)	1.01	(0.50)	10.58
OLO	2.13	0.73	0.31	1.10	1.97	(2.54)	5.32	(3.58)	16.44
MNTV	0.90	0.49	2.66	(33.67)	0.00	(1.77)	0.43	(0.21)	20.63
CCRD	2.26	0.96	0.50	3.13	1.31	(2.88)	5.75	(2.92)	11.21
GVP	1.87	0.67	0.34	10.82	1.10	(2.62)	2.68	(2.25)	48.54

Intellicheck Mobilisa Corporate Management

David Andrews	VP Marketing	Profile
Adam Sragovicz	Chief Officer	Profile
Jonathan Robins	Chief Officer	Profile
Christine Elson	Vice Marketing	Profile
Jeffrey Ishmael	Chief Officer	Profile
David Jurgens	Head Alliances	Profile

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