Interface Correlations

IF6N Stock

EUR 23.60 0.60 2.48%

The current 90-days correlation between Interface and Albany International Corp is -0.17 (i.e., Good diversification). The correlation of Interface 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.

Interface Correlation With Market

Weak diversification

The correlation between Interface and DJI is 0.31 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Interface and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Interface Stock

0.62	GET	Chargeurs SA	Pair Corr
0.69	PQ9	BANK MANDIRI	Pair Corr

Moving against Interface Stock

0.41	S6L	Shenzhou International	Pair Corr
0.39	SSUN	Samsung Electronics	Pair Corr
0.34	SSU	Samsung Electronics	Pair Corr
0.34	SSU	Samsung Electronics	Pair Corr
0.57	JF6	Jse	Pair Corr
0.43	PBE	Peabody Energy	Pair Corr
0.33	XONA	Exxon Mobil	Pair Corr
0.47	AEBA	ALLETE Inc	Pair Corr
0.37	7A2	AIA GROUP	Pair Corr

Related Correlations Analysis

	S6L	6HK	TOR1	AII	4TC	IF6N	GET	TXW
S6L		0.15	0.21	-0.28	-0.03	-0.41	-0.45	0.0	S6L
6HK	0.15		0.14	-0.52	-0.15	0.19	-0.26	0.56	6HK
TOR1	0.21	0.14		-0.09	-0.05	-0.17	-0.25	0.15	TOR1
AII	-0.28	-0.52	-0.09		0.65	0.28	0.37	-0.6	AII
4TC	-0.03	-0.15	-0.05	0.65		0.42	0.4	-0.55	4TC
IF6N	-0.41	0.19	-0.17	0.28	0.42		0.62	0.11	IF6N
GET	-0.45	-0.26	-0.25	0.37	0.4	0.62		-0.32	GET
TXW	0.0	0.56	0.15	-0.6	-0.55	0.11	-0.32		TXW
	S6L	6HK	TOR1	AII	4TC	IF6N	GET	TXW

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

4TC	+ 0.65	AII
GET	+ 0.62	IF6N
TXW	+ 0.56	6HK
IF6N	+ 0.42	4TC
GET	+ 0.4	4TC
GET	+ 0.37	AII

High negative correlations

TXW	- 0.6	AII
TXW	- 0.55	4TC
AII	- 0.52	6HK
GET	- 0.45	S6L
IF6N	- 0.41	S6L
TXW	- 0.32	GET

Risk-Adjusted Indicators

There is a big difference between Interface Stock performing well and Interface 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 Interface'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
S6L	1.81	0.09	0.02	0.20	2.23	(2.20)	4.76	(3.65)	14.46
6HK	1.25	0.05	0.01	0.15	1.37	(1.97)	2.88	(2.73)	13.10
TOR1	6.63	(3.53)	0.00	(0.83)	0.00	0.00	2.75	(3.04)	221.13
AII	1.85	(0.11)	0.00	(0.54)	0.00	0.00	4.35	(3.37)	16.13
4TC	0.97	(0.01)	(0.04)	0.00	1.00	(1.90)	2.27	(2.17)	5.64
IF6N	1.27	(0.11)	0.00	(0.08)	0.00	0.00	2.68	(2.57)	8.69
GET	1.28	(0.15)	0.00	(1.52)	0.00	0.00	2.99	(3.28)	16.20
TXW	3.56	1.00	0.08	(0.21)	5.57	(4.93)	10.11	(5.07)	56.20

Be your own money manager

Our tools can tell you how much better you can do entering a position in Interface 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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Interface Corporate Management

Elected by the shareholders, the Interface's board of directors comprises two types of representatives: Interface inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Interface. The board's role is to monitor Interface's management team and ensure that shareholders' interests are well served. Interface's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Interface's outside directors are responsible for providing unbiased perspectives on the board's policies.

Robert Pridgen	VP Officer	Profile
Greg Minano	VP Officer	Profile
John Bradford	VP Officer	Profile
Jake Elson	VP Officer	Profile
James Poppens	Pres Americas	Profile
Christine Needles	Global Communications	Profile

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