IG Design Correlations

Stocks . UK . 
Stock . IG Design Group
IGR Stock   51.50  0.70  1.34%   
The current 90-days correlation between IG Design Group and Walmart is -0.08 (i.e., Good diversification). The correlation of IG Design 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.

IG Design Correlation With Market

Significant diversification

The correlation between IG Design Group and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding IG Design Group and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to IG Design could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace IG Design 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 IG Design - 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 IG Design Group to buy it.

Moving together with IGR Stock

  0.8GTCO Guaranty Trust HoldingPairCorr
  0.63FCM First Class MetalsPairCorr

Moving against IGR Stock

  0.850UKI Bank of NovaPairCorr
  0.82SBID State BankPairCorr
  0.81RIGD Reliance IndustriesPairCorr
  0.81IHG InterContinental HotelsPairCorr
  0.79RE-B REA Holdings plcPairCorr
  0.78ALK Alkemy Capital InvesPairCorr
  0.76STAN Standard Chartered PLCPairCorr
  0.71BNC Banco Santander SAPairCorr
  0.64GBSS Gold Bullion SecuritiesPairCorr
  0.610R15 SoftBank Group CorpPairCorr
  0.51ICGC Irish ContinentalPairCorr
  0.49DRX Drax Group PLCPairCorr
  0.43TYT Toyota Motor CorpPairCorr
  0.39APN Applied Nutrition PlcPairCorr
  0.37PPHC Public Policy Holding SplitPairCorr
  0.32SMSN Samsung ElectronicsPairCorr
  0.32BC94 Samsung ElectronicsPairCorr
  0.89SSE SSE PLCPairCorr
  0.870QZK Coca ColaPairCorr
  0.85ESO EPE Special OpportunitiesPairCorr
  0.82BIRG Bank of IrelandPairCorr
  0.70N4T Nordea Bank AbpPairCorr
  0.69BAKK Bakkavor Group PLCPairCorr
  0.690JWG MKS InstrumentsPairCorr
  0.68MNG MG PlcPairCorr
  0.650J71 JB Hunt TransportPairCorr
  0.64FDM FDM Group HoldingsPairCorr

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

0HKY
+ 0.99
0VSO
0P6N
+ 0.97
0P6O
0H3Q
+ 0.91
0P6O
0R08
+ 0.9
0H3Q
0H3Q
+ 0.88
0P6N
0R1G
+ 0.87
0HKY
  

High negative correlations

CPG
- 0.89
0P6O
CPG
- 0.88
0P6N
0R08
- 0.86
0VSO
0H3Q
- 0.85
CPG
0R08
- 0.85
0HKY
0H3Q
- 0.85
0VSO

Risk-Adjusted Indicators

There is a big difference between IGR Stock performing well and IG Design 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 IG Design'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
0R1W  1.04  0.11  0.05  0.46  1.00 
(1.32)
 2.39 
(2.09)
 8.49 
0R1O  1.42 (0.01) 0.00  0.06  1.35 
(1.82)
 3.52 
(2.14)
 12.41 
0VSO  1.21 (0.24) 0.00 (0.29) 0.00 
 0.00 
 2.23 
(2.75)
 7.76 
0HKY  1.23 (0.24) 0.00 (0.30) 0.00 
 0.00 
 2.28 
(2.56)
 7.29 
0P6O  0.99  0.12  0.06  0.35  1.12 
(1.07)
 2.23 
(2.20)
 5.33 
0P6N  1.00  0.08  0.05  0.17  1.20 
(1.01)
 2.27 
(2.09)
 6.09 
CPG  0.82 (0.05) 0.00  0.34  0.00 
 0.00 
 1.82 
(1.59)
 4.37 
0H3Q  0.94  0.27  0.23  0.59  0.69 
(1.11)
 2.09 
(1.59)
 10.82 
0R08  1.21  0.23  0.15  0.33  1.13 
(1.31)
 2.69 
(2.25)
 10.63 
0R1G  1.15 (0.29) 0.00 (0.79) 0.00 
 0.00 
 2.94 
(2.40)
 6.58 

Be your own money manager

Our tools can tell you how much better you can do entering a position in IG Design 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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