IGO Correlations

IIDDY Stock

USD 6.80 0.00 0.00%

The correlation of IGO 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. If the correlation is 0, the equities are not correlated; they are entirely random.

IGO Correlation With Market

Good diversification

The correlation between IGO Limited and DJI is -0.2 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding IGO Limited and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with IGO Pink Sheet

0.61	FNMFO	Federal National Mortgage	Pair Corr
0.77	ZM	Zoom Video Communications	Pair Corr
0.79	ALAB	Astera Labs, Common	Pair Corr
0.68	CRWD	Crowdstrike Holdings Earnings Call Today	Pair Corr
0.79	GM	General Motors Aggressive Push	Pair Corr
0.69	NVDA	NVIDIA	Pair Corr
0.74	ADSK	Autodesk	Pair Corr
0.7	STLD	Steel Dynamics Fiscal Year End 28th of January 2025	Pair Corr
0.8	MRVL	Marvell Technology Earnings Call This Week	Pair Corr

Moving against IGO Pink Sheet

0.72	BCH	Banco De Chile	Pair Corr
0.71	SHG	Shinhan Financial	Pair Corr
0.54	WF	Woori Financial Group	Pair Corr
0.4	AMIX	Autonomix Medical, Common	Pair Corr

Related Correlations Analysis

Please specify at least 3 valid symbols having historical data to build a meaningful correlation cloud. You can use symbol search above to locate your securities.

Be your own money manager

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

LLB BA	Chief Officer	Profile
ACA AGIA	Chief Officer	Profile
Sc CAHRI	Chief Officer	Profile
Richard Glass	Investor Mang	Profile
Matt MAIG	Acting Officer	Profile

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