Infobird Correlations

IFBD Stock

USD 1.77 0.02 1.14%

The correlation of Infobird 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.

Infobird Correlation With Market

Significant diversification

The correlation between Infobird Co and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Infobird Co 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 Infobird Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

Moving against Infobird Stock

0.41	DMAN	Innovativ Media Group	Pair Corr
0.38	VCSA	Vacasa Inc	Pair Corr
0.47	VERB	VERB TECHNOLOGY PANY Upward Rally	Pair Corr

Related Correlations Analysis

	AQUI	SCRYX	MSTSX	ID	MURIX	EPASX	SVII	VLSMX	MLGF	KNF
AQUI		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	AQUI
SCRYX	0.0		0.58	0.62	0.27	0.25	0.61	0.73	0.43	0.73	SCRYX
MSTSX	0.0	0.58		0.4	0.16	0.8	0.56	0.87	0.77	0.74	MSTSX
ID	0.0	0.62	0.4		0.07	0.09	0.47	0.49	0.38	0.66	ID
MURIX	0.0	0.27	0.16	0.07		0.02	-0.21	0.44	0.12	-0.03	MURIX
EPASX	0.0	0.25	0.8	0.09	0.02		0.39	0.53	0.58	0.43	EPASX
SVII	0.0	0.61	0.56	0.47	-0.21	0.39		0.5	0.49	0.73	SVII
VLSMX	0.0	0.73	0.87	0.49	0.44	0.53	0.5		0.69	0.72	VLSMX
MLGF	0.0	0.43	0.77	0.38	0.12	0.58	0.49	0.69		0.79	MLGF
KNF	0.0	0.73	0.74	0.66	-0.03	0.43	0.73	0.72	0.79		KNF
	AQUI	SCRYX	MSTSX	ID	MURIX	EPASX	SVII	VLSMX	MLGF	KNF

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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

VLSMX	+ 0.87	MSTSX
EPASX	+ 0.8	MSTSX
KNF	+ 0.79	MLGF
MLGF	+ 0.77	MSTSX
KNF	+ 0.74	MSTSX
VLSMX	+ 0.73	SCRYX

High negative correlations

SVII	- 0.21	MURIX
KNF	- 0.03	MURIX
KNF	- 0.0	AQUI
MLGF	- 0.0	AQUI
VLSMX	- 0.0	AQUI
SVII	- 0.0	AQUI

Risk-Adjusted Indicators

There is a big difference between Infobird Stock performing well and Infobird 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 Infobird'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
AQUI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SCRYX	0.97	0.09	0.01	0.99	0.96	(1.10)	2.39	(1.69)	7.88
MSTSX	0.49	(0.03)	(0.09)	0.05	0.52	(0.59)	1.21	(1.02)	2.80
ID	3.81	0.25	0.03	1.85	4.78	(4.93)	7.69	(7.69)	23.97
MURIX	0.39	(0.01)	0.00	0.21	0.00	0.00	0.80	(0.93)	3.44
EPASX	0.77	0.01	(0.08)	0.04	1.02	(0.83)	1.54	(1.67)	6.54
SVII	0.20	(0.02)	(0.11)	0.00	0.39	(0.32)	0.44	(0.53)	4.77
VLSMX	0.36	(0.03)	(0.14)	0.03	0.44	(0.38)	0.77	(0.76)	2.22
MLGF	0.37	0.02	(0.09)	0.28	0.36	(0.75)	1.11	(0.65)	3.32
KNF	1.58	0.26	0.15	0.22	1.88	(1.66)	4.01	(2.46)	12.96

Infobird Corporate Management

Cheuk Li	CEO Director	Profile
Lianfang Zhou	Chief Officer	Profile
Yiting Song	CFO Director	Profile
Chunhsiang Chen	CTO VP	Profile

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