IMCD NV Correlations

IMDZF Stock

USD 92.36 2.44 2.71%

The current 90-days correlation between IMCD NV and Brenntag AG is 0.38 (i.e., Weak diversification). The correlation of IMCD NV 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.

IMCD NV Correlation With Market

Very good diversification

The correlation between IMCD NV and DJI is -0.46 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding IMCD NV and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with IMCD Pink Sheet

0.79	AIQUY	Air Liquide SA	Pair Corr
0.79	AIQUF	LAir Liquide SA	Pair Corr
0.84	GLABF	Gemina Laboratories	Pair Corr
0.89	ZTLLF	Zonetail	Pair Corr
0.8	NSFDF	NXT Energy Solutions	Pair Corr

Moving against IMCD Pink Sheet

0.82	SHPHF	Sihuan Pharmaceutical	Pair Corr
0.74	OBYCF	Obayashi Earnings Call This Week	Pair Corr
0.68	FCAP	First Capital Normal Trading	Pair Corr
0.57	PPG	PPG Industries	Pair Corr
0.55	NFG	National Fuel Gas	Pair Corr
0.51	ECL	Ecolab Inc	Pair Corr
0.38	SKFOF	Sika AG	Pair Corr
0.38	SXYAY	Sika AG ADR	Pair Corr
0.79	MRK	Merck Company Aggressive Push	Pair Corr
0.76	WMT	Walmart Common Stock Aggressive Push	Pair Corr
0.72	JNJ	Johnson Johnson	Pair Corr
0.62	MCD	McDonalds Earnings Call This Week	Pair Corr
0.6	GGLDF	Getchell Gold Corp	Pair Corr
0.59	AA	Alcoa Corp	Pair Corr
0.55	DD	Dupont De Nemours Earnings Call This Week	Pair Corr
0.52	PFE	Pfizer Inc	Pair Corr
0.42	CAT	Caterpillar	Pair Corr
0.39	BAC	Bank of America Aggressive Push	Pair Corr
0.37	BA	Boeing	Pair Corr
0.34	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr

Related Correlations Analysis

	BNTGF	EVKIF	EVKIY	BNTGY	SCVUF	ASGLY	NDEKY	SHTLF	SVCBF	ARKAF
BNTGF		-0.32	-0.28	0.67	0.0	0.38	-0.6	0.63	-0.57	0.55	BNTGF
EVKIF	-0.32		0.67	-0.52	0.0	-0.31	0.4	-0.33	-0.01	0.2	EVKIF
EVKIY	-0.28	0.67		-0.25	0.0	-0.33	0.36	-0.23	-0.12	0.2	EVKIY
BNTGY	0.67	-0.52	-0.25		0.0	0.53	-0.6	0.76	-0.44	0.4	BNTGY
SCVUF	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	SCVUF
ASGLY	0.38	-0.31	-0.33	0.53	0.0		-0.62	0.68	-0.25	0.38	ASGLY
NDEKY	-0.6	0.4	0.36	-0.6	0.0	-0.62		-0.8	0.48	-0.42	NDEKY
SHTLF	0.63	-0.33	-0.23	0.76	0.0	0.68	-0.8		-0.47	0.68	SHTLF
SVCBF	-0.57	-0.01	-0.12	-0.44	0.0	-0.25	0.48	-0.47		-0.41	SVCBF
ARKAF	0.55	0.2	0.2	0.4	0.0	0.38	-0.42	0.68	-0.41		ARKAF
	BNTGF	EVKIF	EVKIY	BNTGY	SCVUF	ASGLY	NDEKY	SHTLF	SVCBF	ARKAF

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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

SHTLF	+ 0.76	BNTGY
SHTLF	+ 0.68	ASGLY
ARKAF	+ 0.68	SHTLF
BNTGY	+ 0.67	BNTGF
EVKIY	+ 0.67	EVKIF
SHTLF	+ 0.63	BNTGF

High negative correlations

SHTLF	- 0.8	NDEKY
NDEKY	- 0.62	ASGLY
NDEKY	- 0.6	BNTGY
NDEKY	- 0.6	BNTGF
SVCBF	- 0.57	BNTGF
BNTGY	- 0.52	EVKIF

Risk-Adjusted Indicators

There is a big difference between IMCD Pink Sheet performing well and IMCD NV 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 IMCD NV'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
BNTGF	0.53	0.15	0.00	(1.56)	0.00	0.00	1.76	0.00	10.56
EVKIF	0.66	(0.17)	0.00	(0.38)	0.00	0.00	0.32	(1.36)	14.56
EVKIY	1.80	(0.17)	0.00	(0.16)	0.00	0.00	3.03	(4.18)	12.98
BNTGY	1.24	0.11	0.07	0.16	1.40	(1.43)	3.42	(2.26)	8.19
SCVUF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ASGLY	1.75	0.24	0.10	0.38	1.90	(2.19)	4.89	(3.33)	13.09
NDEKY	1.31	(0.25)	0.00	(0.15)	0.00	0.00	2.37	(3.61)	9.30
SHTLF	2.55	0.73	0.20	(0.82)	2.00	(4.89)	7.50	(3.77)	21.07
SVCBF	0.33	(0.08)	0.00	2.64	0.00	0.00	0.38	0.00	8.98
ARKAF	0.08	0.01	0.00	0.22	0.00	0.00	0.00	0.00	2.51

Be your own money manager

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

Pieter Slikke	CEO Board	Profile
Marcus Jordan	COO Board	Profile
Olivier Champault	Pres Materials	Profile
Swapna Kattewar	Head Centre	Profile

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