IT Link Correlations

IL8 Stock

EUR 20.30 0.10 0.50%

The current 90-days correlation between IT Link SA and AUREA SA INH is 0.03 (i.e., Significant diversification). The correlation of IT Link 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.

IT Link Correlation With Market

Very good diversification

The correlation between IT Link SA and DJI is -0.35 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding IT Link SA and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against IL8 Stock

0.49	01H	HORIBA	Pair Corr
0.47	ALV	Allianz SE	Pair Corr
0.44	PQ9	BANK MANDIRI	Pair Corr
0.43	OYC	DELTA AIR LINES	Pair Corr
0.39	PQ9	BANK MANDIRI	Pair Corr
0.38	RATV	Raisio plc	Pair Corr
0.34	HKT	HK Electric Investments	Pair Corr
0.34	G40	GDS Holdings Limited	Pair Corr
0.34	43C	CACTUS INC CLA	Pair Corr
0.53	D9W	Designer Brands	Pair Corr
0.5	PPQ	PPG INDUSTRIES	Pair Corr
0.49	KIK	KIKKOMAN CORP	Pair Corr
0.48	PAE	PACCAR	Pair Corr
0.44	3RB	RECKITT BENCK GRP	Pair Corr
0.4	TWZ	Trican Well Service Earnings Call This Week	Pair Corr
0.4	SII	Wheaton Precious Metals	Pair Corr
0.39	SVKB	SANDVIK	Pair Corr

Related Correlations Analysis

	94P	8SP	DVDG	INL	VOW	BTC1	RRU	RS6	9K1	3RKU
94P		0.03	0.14	0.15	0.51	-0.17	-0.05	0.13	0.23	0.04	94P
8SP	0.03		0.3	0.36	-0.18	-0.03	0.33	0.32	0.33	0.52	8SP
DVDG	0.14	0.3		0.83	0.53	-0.75	0.77	0.95	0.76	0.1	DVDG
INL	0.15	0.36	0.83		0.42	-0.45	0.76	0.84	0.61	0.08	INL
VOW	0.51	-0.18	0.53	0.42		-0.34	0.51	0.52	0.36	-0.33	VOW
BTC1	-0.17	-0.03	-0.75	-0.45	-0.34		-0.28	-0.72	-0.69	-0.13	BTC1
RRU	-0.05	0.33	0.77	0.76	0.51	-0.28		0.79	0.44	-0.11	RRU
RS6	0.13	0.32	0.95	0.84	0.52	-0.72	0.79		0.71	0.13	RS6
9K1	0.23	0.33	0.76	0.61	0.36	-0.69	0.44	0.71		0.33	9K1
3RKU	0.04	0.52	0.1	0.08	-0.33	-0.13	-0.11	0.13	0.33		3RKU
	94P	8SP	DVDG	INL	VOW	BTC1	RRU	RS6	9K1	3RKU

Please upgrade your account to get full access to Macroaxis premium features

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

RS6	+ 0.95	DVDG
RS6	+ 0.84	INL
INL	+ 0.83	DVDG
RS6	+ 0.79	RRU
RRU	+ 0.77	DVDG
9K1	+ 0.76	DVDG

High negative correlations

BTC1	- 0.75	DVDG
RS6	- 0.72	BTC1
9K1	- 0.69	BTC1
BTC1	- 0.45	INL
BTC1	- 0.34	VOW
3RKU	- 0.33	VOW

Risk-Adjusted Indicators

There is a big difference between IL8 Stock performing well and IT Link 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 IT Link'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
94P	1.79	0.06	0.01	0.32	2.08	(1.99)	3.44	(3.49)	11.80
8SP	1.54	(0.04)	(0.01)	0.02	3.73	(1.68)	4.67	(2.27)	21.96
DVDG	0.46	0.15	0.16	0.75	0.32	(0.53)	1.00	(0.65)	3.06
INL	3.13	0.35	0.08	0.33	4.12	(3.19)	8.76	(5.60)	24.14
VOW	0.66	0.15	0.06	(1.29)	0.70	(1.15)	2.02	(1.19)	6.95
BTC1	2.30	(0.62)	0.00	(0.79)	0.00	0.00	3.98	(5.63)	14.40
RRU	1.89	0.18	0.06	0.63	2.00	(1.98)	3.53	(3.25)	9.23
RS6	1.23	0.37	0.26	(1.90)	0.79	(1.53)	3.18	(1.57)	5.55
9K1	1.52	0.25	0.10	2.69	1.65	(2.01)	3.87	(2.79)	12.62
3RKU	2.38	0.07	0.02	0.14	2.63	(2.94)	4.91	(4.49)	12.82

Be your own money manager

Our tools can tell you how much better you can do entering a position in IT Link 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?

Run Analyst Advice Now

Analyst Advice

Analyst recommendations and target price estimates broken down by several categories

All Next

Launch Module

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC