Imdex Correlations

IMDXF Stock

USD 2.50 0.25 9.09%

The correlation of Imdex 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.

Imdex Correlation With Market

Very weak diversification

The correlation between Imdex Limited and DJI is 0.57 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Imdex Limited and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Imdex Pink Sheet

0.7	SIEGY	Siemens AG ADR Earnings Call Tomorrow	Pair Corr
0.72	SMAWF	Siemens AG Class Earnings Call Tomorrow	Pair Corr
0.7	PH	Parker Hannifin	Pair Corr
0.72	EMR	Emerson Electric	Pair Corr
0.72	CMI	Cummins	Pair Corr
0.66	AA	Alcoa Corp	Pair Corr
0.79	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.67	DD	Dupont De Nemours	Pair Corr
0.66	INTC	Intel	Pair Corr
0.66	HD	Home Depot	Pair Corr
0.64	MRK	Merck Company	Pair Corr
0.82	CVX	Chevron Corp	Pair Corr

Moving against Imdex Pink Sheet

0.37	JD	JD Inc Adr	Pair Corr
0.67	MSFT	Microsoft	Pair Corr
0.45	MMM	3M Company	Pair Corr
0.42	IBM	International Business	Pair Corr
0.38	AXP	American Express	Pair Corr

Related Correlations Analysis

	BYPLF	UHOIF	FMMFF	DEUZF	CHRHF	LONKF	SISXF	KRNTY	CZGZF	GLYYY
BYPLF		0.35	0.28	0.56	0.35	1.0	0.64	0.26	0.0	0.0	BYPLF
UHOIF	0.35		0.1	0.49	0.83	0.35	0.75	0.68	0.0	0.0	UHOIF
FMMFF	0.28	0.1		0.16	0.1	0.28	0.19	0.07	0.0	0.0	FMMFF
DEUZF	0.56	0.49	0.16		0.68	0.56	0.9	0.33	0.0	0.0	DEUZF
CHRHF	0.35	0.83	0.1	0.68		0.35	0.82	0.72	0.0	0.0	CHRHF
LONKF	1.0	0.35	0.28	0.56	0.35		0.64	0.26	0.0	0.0	LONKF
SISXF	0.64	0.75	0.19	0.9	0.82	0.64		0.56	0.0	0.0	SISXF
KRNTY	0.26	0.68	0.07	0.33	0.72	0.26	0.56		0.0	0.0	KRNTY
CZGZF	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	CZGZF
GLYYY	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		GLYYY
	BYPLF	UHOIF	FMMFF	DEUZF	CHRHF	LONKF	SISXF	KRNTY	CZGZF	GLYYY

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

LONKF	+ 1.0	BYPLF
SISXF	+ 0.9	DEUZF
CHRHF	+ 0.83	UHOIF
SISXF	+ 0.82	CHRHF
SISXF	+ 0.75	UHOIF
KRNTY	+ 0.72	CHRHF

High negative correlations

GLYYY	- 0.0	CZGZF
GLYYY	- 0.0	KRNTY
CZGZF	- 0.0	KRNTY
GLYYY	- 0.0	SISXF
CZGZF	- 0.0	SISXF
GLYYY	- 0.0	LONKF

Risk-Adjusted Indicators

There is a big difference between Imdex Pink Sheet performing well and Imdex 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 Imdex'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
BYPLF	0.50	0.25	0.00	(7.58)	0.00	0.00	0.00	0.00	16.86
UHOIF	0.77	0.18	0.00	3.74	0.00	0.00	2.15	0.00	20.08
FMMFF	2.62	1.37	0.00	(2.60)	0.00	0.00	0.00	0.00	0.00
DEUZF	1.09	0.24	0.00	0.61	0.00	0.00	1.12	(0.22)	17.59
CHRHF	1.17	0.55	0.00	(1.15)	0.00	0.00	0.63	0.00	34.92
LONKF	0.27	0.13	0.00	(7.30)	0.00	0.00	0.00	0.00	9.09
SISXF	0.77	0.24	0.07	1.41	0.90	(1.13)	2.53	(1.25)	7.17
KRNTY	0.24	0.08	0.00	1.66	0.00	0.00	0.48	0.00	4.05
CZGZF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
GLYYY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Be your own money manager

Our tools can tell you how much better you can do entering a position in Imdex 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 Cryptocurrency Center Now

Cryptocurrency Center

Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency

All Next

Launch Module

Imdex Corporate Management

Michael Tomasz	Company Counsel	Profile
Kiah Grafton	Chief People	Profile
Shaun Southwell	Chief Officer	Profile
Kym Clements	Investor Communications	Profile
BCom BCom	Chief Officer	Profile
John PE	Chief Officer	Profile

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