IGM Financial Correlations
| IGIFF Stock | USD 48.63 0.63 1.28% |
The current 90-days correlation between IGM Financial and St Jamess Place is 0.14 (i.e., Average diversification). The correlation of IGM Financial 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.
IGM Financial Correlation With Market
Very poor diversification
The correlation between IGM Financial and DJI is 0.81 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding IGM Financial and DJI in the same portfolio, assuming nothing else is changed.
IGM |
The ability to find closely correlated positions to IGM Financial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace IGM Financial 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 IGM Financial - 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 IGM Financial to buy it.
Moving together with IGM Pink Sheet
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| 0.64 | SHG | Shinhan Financial | PairCorr |
| 0.63 | WF | Woori Financial Group | PairCorr |
| 0.86 | GL-PD | Globe Life 425 | PairCorr |
| 0.88 | SBKO | Summit Bank Group | PairCorr |
| 0.68 | CCL | Carnival | PairCorr |
| 0.86 | ADEA | ADEIA P | PairCorr |
| 0.68 | VHI | Valhi Inc Earnings Call Tomorrow | PairCorr |
| 0.86 | ESCA | Escalade Incorporated | PairCorr |
| 0.87 | CMI | Cummins | PairCorr |
| 0.82 | MFGCF | Mayfair Gold Corp Downward Rally | PairCorr |
| 0.67 | TG | Tredegar | PairCorr |
| 0.79 | VKQ | Invesco Municipal Trust | PairCorr |
| 0.87 | RHHVF | Roche Holding AG | PairCorr |
| 0.9 | INGR | Ingredion Incorporated | PairCorr |
| 0.74 | BKCYF | Bank Of Cyprus Holdings P | PairCorr |
| 0.79 | GEL | Genesis Energy LP | PairCorr |
| 0.66 | OXY | Occidental Petroleum Sell-off Trend | PairCorr |
| 0.73 | CGON | CG Oncology Common | PairCorr |
| 0.85 | BCO | Brinks Company | PairCorr |
| 0.89 | VALE | Vale SA ADR | PairCorr |
| 0.82 | NTRSO | Northern Trust | PairCorr |
| 0.81 | BNL | Broadstone Net Lease | PairCorr |
| 0.8 | MEEEF | Metal Energy Corp | PairCorr |
| 0.85 | TDY | Teledyne Technologies | PairCorr |
| 0.72 | ABCB | Ameris Bancorp | PairCorr |
| 0.83 | WLK | Westlake Chemical | PairCorr |
| 0.75 | TWMIF | Tidewater Midstream and Earnings Call Tomorrow | PairCorr |
| 0.86 | SOJE | Southern Company | PairCorr |
Moving against IGM Pink Sheet
Related Correlations Analysis
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
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Risk-Adjusted Indicators
There is a big difference between IGM Pink Sheet performing well and IGM Financial 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 IGM Financial'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| STJPF | 2.32 | 0.78 | 0.00 | (1.56) | 0.00 | 7.39 | 59.23 | |||
| ICGUF | 0.16 | 0.00 | 0.00 | 0.21 | 0.00 | 0.00 | 5.20 | |||
| SHNWF | 1.79 | 0.74 | 0.00 | (2.57) | 0.00 | 4.38 | 39.66 | |||
| SFNXF | 0.33 | 0.03 | 0.00 | 0.18 | 0.00 | 0.00 | 13.31 | |||
| BPHLF | 7.79 | (0.28) | 0.00 | 3.11 | 0.00 | 20.32 | 28.58 | |||
| CCGDF | 4.40 | 1.36 | 0.00 | (0.87) | 0.00 | 11.76 | 91.05 | |||
| AGRPY | 1.57 | 0.47 | 0.14 | 1.03 | 1.55 | 4.87 | 13.84 | |||
| ISDAF | 0.07 | (0.01) | 0.00 | 0.10 | 0.00 | 0.00 | 2.31 | |||
| IAUGF | 1.87 | 0.27 | 0.00 | (2.43) | 0.00 | 3.54 | 52.71 | |||
| MGPUF | 0.75 | 0.26 | 0.00 | 1.80 | 0.00 | 3.12 | 14.20 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in IGM Financial 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.Did you try this?
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IGM Financial Corporate Executives
Elected by the shareholders, the IGM Financial's board of directors comprises two types of representatives: IGM Financial inside directors who are chosen from within the company, and outside directors, selected externally and held independent of IGM. The board's role is to monitor IGM Financial's management team and ensure that shareholders' interests are well served. IGM Financial'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, IGM Financial's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Michael Dibden | COO VP | Profile |