Integrated Media Correlations

IMTE Stock

USD 1.29 0.04 3.20%

The current 90-days correlation between Integrated Media Tec and Ostin Technology Group is 0.08 (i.e., Significant diversification). The correlation of Integrated Media 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.

Integrated Media Correlation With Market

Significant diversification

The correlation between Integrated Media Technology and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Integrated Media Technology and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Integrated Stock

0.56	EMKR	EMCORE	Pair Corr
0.37	UI	Ubiquiti Networks Tech Boost	Pair Corr
0.4	EVLV	Evolv Technologies	Pair Corr
0.39	HPE	Hewlett Packard Ente Aggressive Push	Pair Corr
0.42	SNT	Senstar Technologies	Pair Corr
0.4	PAY	Paymentus Holdings	Pair Corr
0.39	PAR	PAR Technology	Pair Corr
0.35	MSI	Motorola Solutions	Pair Corr
0.34	MEI	Methode Electronics	Pair Corr

Related Correlations Analysis

	SGMA	DAIO	REFR	MTEK	OST	SANM	PLXS	BHE	MEI
SGMA		-0.78	0.92	-0.9	0.56	-0.37	-0.45	0.04	-0.62	SGMA
DAIO	-0.78		-0.71	0.7	-0.52	0.53	0.59	0.23	0.56	DAIO
REFR	0.92	-0.71		-0.85	0.61	-0.38	-0.47	0.02	-0.73	REFR
MTEK	-0.9	0.7	-0.85		-0.41	0.22	0.29	-0.12	0.61	MTEK
OST	0.56	-0.52	0.61	-0.41		-0.73	-0.81	-0.54	-0.53	OST
SANM	-0.37	0.53	-0.38	0.22	-0.73		0.96	0.88	0.39	SANM
PLXS	-0.45	0.59	-0.47	0.29	-0.81	0.96		0.81	0.52	PLXS
BHE	0.04	0.23	0.02	-0.12	-0.54	0.88	0.81		0.18	BHE
MEI	-0.62	0.56	-0.73	0.61	-0.53	0.39	0.52	0.18		MEI
	SGMA	DAIO	REFR	MTEK	OST	SANM	PLXS	BHE	MEI

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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

PLXS	+ 0.96	SANM
REFR	+ 0.92	SGMA
BHE	+ 0.88	SANM
BHE	+ 0.81	PLXS
MTEK	+ 0.7	DAIO
OST	+ 0.61	REFR

High negative correlations

MTEK	- 0.9	SGMA
MTEK	- 0.85	REFR
PLXS	- 0.81	OST
DAIO	- 0.78	SGMA
SANM	- 0.73	OST
MEI	- 0.73	REFR

Risk-Adjusted Indicators

There is a big difference between Integrated Stock performing well and Integrated Media 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 Integrated Media'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
SGMA	3.04	(0.82)	0.00	(0.27)	0.00	0.00	5.30	(8.48)	29.94
DAIO	1.77	0.20	0.09	(0.56)	1.80	(2.03)	4.51	(3.11)	11.27
REFR	1.90	(0.24)	0.00	(0.33)	0.00	0.00	4.29	(4.76)	21.13
MTEK	5.62	1.28	0.20	(31.78)	4.96	(7.80)	21.46	(8.79)	55.36
OST	6.07	(0.33)	0.00	(0.23)	0.00	0.00	16.28	(10.45)	81.51
SANM	1.26	0.32	0.23	0.73	1.05	(1.50)	2.44	(2.37)	15.90
PLXS	1.39	0.30	0.20	0.82	1.20	(1.60)	2.35	(2.39)	13.00
BHE	1.45	0.13	0.07	0.27	1.62	(1.69)	3.05	(2.78)	13.72
MEI	2.90	0.18	0.05	0.25	3.53	(3.30)	7.64	(5.53)	29.96

Integrated Media Corporate Management

Jing Zhuo	CFO Director	Profile
Mohd Rosmey	Interim Officer	Profile
Zhiyun Tan	Company Secretary	Profile
Megat Khairuddin	Chief Officer	Profile
Julie Edwards	Company Secretary	Profile
Xiaodong Zhang	Ex CEO	Profile

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