Immunotech Laboratories Correlations

IMMB Stock

USD 0.0002 0.00 0.00%

The correlation of Immunotech Laboratories 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.

Immunotech Laboratories Correlation With Market

Average diversification

The correlation between Immunotech Laboratories and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Immunotech Laboratories and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Immunotech Stock

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Immunotech Laboratories. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

For information on how to trade Immunotech Stock refer to our How to Trade Immunotech Stock guide.

Moving together with Immunotech Stock

0.63	PPERY	Bank Mandiri Persero	Pair Corr
0.68	KB	KB Financial Group	Pair Corr
0.64	SHG	Shinhan Financial	Pair Corr
0.68	WF	Woori Financial Group	Pair Corr
0.65	CPXWF	Capital Power Earnings Call Today	Pair Corr
0.74	GOLD	Gold Inc Symbol Change	Pair Corr
0.67	MT	ArcelorMittal SA ADR	Pair Corr
0.7	YITYY	Yit Oyj ADR	Pair Corr
0.72	KJFI	Comjoyful International	Pair Corr
0.73	LPG	Dorian LPG	Pair Corr
0.78	VICI	VICI Properties	Pair Corr
0.74	NPXYY	Nippon Sanso Holdings	Pair Corr

Moving against Immunotech Stock

0.72	CSLLY	CSL	Pair Corr
0.7	CMXHF	CSL Limited	Pair Corr
0.63	NONOF	Novo Nordisk AS	Pair Corr
0.63	NVO	Novo Nordisk AS	Pair Corr
0.59	PBCRY	Bank Central Asia	Pair Corr
0.51	PBCRF	PT Bank Central	Pair Corr
0.43	ALNY	Alnylam Pharmaceuticals	Pair Corr
0.4	ARGX	argenx NV ADR	Pair Corr
0.55	LOWLF	Lowell Farms	Pair Corr
0.39	47233JDN5	US47233JDN54	Pair Corr

Related Correlations Analysis

	SPPH	PXYN	RBII	IPAH	MHTX	HADV	CBGL	OPGX	REFG	BIOIF
SPPH		0.0	0.0	-1.0	1.0	0.0	0.0	1.0	1.0	1.0	SPPH
PXYN	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	PXYN
RBII	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	RBII
IPAH	-1.0	0.0	0.0		-1.0	0.0	0.0	-1.0	-1.0	-1.0	IPAH
MHTX	1.0	0.0	0.0	-1.0		0.0	0.0	1.0	1.0	1.0	MHTX
HADV	0.0	0.0	0.0	0.0	0.0		0.2	0.0	0.0	0.0	HADV
CBGL	0.0	0.0	0.0	0.0	0.0	0.2		0.0	0.0	0.0	CBGL
OPGX	1.0	0.0	0.0	-1.0	1.0	0.0	0.0		1.0	1.0	OPGX
REFG	1.0	0.0	0.0	-1.0	1.0	0.0	0.0	1.0		1.0	REFG
BIOIF	1.0	0.0	0.0	-1.0	1.0	0.0	0.0	1.0	1.0		BIOIF
	SPPH	PXYN	RBII	IPAH	MHTX	HADV	CBGL	OPGX	REFG	BIOIF

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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

MHTX	+ 1.0	SPPH
OPGX	+ 1.0	SPPH
REFG	+ 1.0	SPPH
BIOIF	+ 1.0	SPPH
OPGX	+ 1.0	MHTX
REFG	+ 1.0	MHTX

High negative correlations

BIOIF	- 1.0	IPAH
REFG	- 1.0	IPAH
OPGX	- 1.0	IPAH
MHTX	- 1.0	IPAH
IPAH	- 1.0	SPPH
BIOIF	- 0.0	CBGL

Risk-Adjusted Indicators

There is a big difference between Immunotech Stock performing well and Immunotech Laboratories 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 Immunotech Laboratories' 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
SPPH	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PXYN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
RBII	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
IPAH	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MHTX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
HADV	10.50	1.37	0.04	0.49	11.97	(44.79)	33.33	(25.00)	125.00
CBGL	6.01	0.83	0.00	(0.32)	0.00	0.00	0.00	0.00	150.00
OPGX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
REFG	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BIOIF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Immunotech Laboratories Corporate Executives

Elected by the shareholders, the Immunotech Laboratories' board of directors comprises two types of representatives: Immunotech Laboratories inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Immunotech. The board's role is to monitor Immunotech Laboratories' management team and ensure that shareholders' interests are well served. Immunotech Laboratories' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Immunotech Laboratories' outside directors are responsible for providing unbiased perspectives on the board's policies.

	Zhabilov BSc	Vice Founder	Profile
	Billy Ray	Executive CFO	Profile

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