Image Protect Correlations

IMTL Stock

USD 0.0002 0.0001 100.00%

The current 90-days correlation between Image Protect and Salesforce is 0.08 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Image Protect moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Image Protect moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Image Protect Correlation With Market

Significant diversification

The correlation between Image Protect and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Image Protect and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Image Pink Sheet

0.67	SAP	SAP SE ADR Fiscal Year End 28th of January 2025	Pair Corr
0.64	SAPGF	SAP SE	Pair Corr

Moving against Image Pink Sheet

0.55	AMIX	Autonomix Medical, Common	Pair Corr
0.39	CTPR	CTPartners Executive	Pair Corr
0.38	VNTN	VentureNet Capital	Pair Corr

Related Correlations Analysis

	CRM	SAP	NOW	INTU	UBER	SHOP	APP	MSTR	CDNS
CRM		0.75	0.94	0.52	0.03	0.9	0.94	0.93	0.78	CRM
SAP	0.75		0.79	0.25	0.34	0.55	0.66	0.68	0.54	SAP
NOW	0.94	0.79		0.61	-0.01	0.87	0.93	0.9	0.81	NOW
INTU	0.52	0.25	0.61		-0.46	0.63	0.65	0.52	0.69	INTU
UBER	0.03	0.34	-0.01	-0.46		-0.12	-0.19	-0.13	-0.23	UBER
SHOP	0.9	0.55	0.87	0.63	-0.12		0.93	0.9	0.77	SHOP
APP	0.94	0.66	0.93	0.65	-0.19	0.93		0.97	0.81	APP
MSTR	0.93	0.68	0.9	0.52	-0.13	0.9	0.97		0.76	MSTR
CDNS	0.78	0.54	0.81	0.69	-0.23	0.77	0.81	0.76		CDNS
	CRM	SAP	NOW	INTU	UBER	SHOP	APP	MSTR	CDNS

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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

MSTR	+ 0.97	APP
NOW	+ 0.94	CRM
APP	+ 0.94	CRM
MSTR	+ 0.93	CRM
APP	+ 0.93	NOW
APP	+ 0.93	SHOP

High negative correlations

UBER	- 0.46	INTU
CDNS	- 0.23	UBER
APP	- 0.19	UBER
MSTR	- 0.13	UBER
SHOP	- 0.12	UBER
UBER	- 0.01	NOW

Risk-Adjusted Indicators

There is a big difference between Image Pink Sheet performing well and Image Protect 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 Image Protect'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
CRM	1.28	0.26	0.21	0.35	0.91	(1.51)	3.18	(1.91)	9.09
SAP	1.06	0.04	(0.02)	0.21	1.16	(1.20)	2.16	(1.91)	6.50
NOW	1.35	0.24	0.18	0.34	1.17	(1.67)	3.04	(2.24)	8.12
INTU	1.27	(0.08)	(0.04)	0.04	1.73	(1.36)	3.34	(2.37)	10.46
UBER	1.62	(0.12)	(0.05)	0.00	2.25	(1.79)	2.69	(2.44)	20.10
SHOP	1.99	0.47	0.24	0.51	1.64	(2.39)	4.91	(2.68)	26.26
APP	3.37	2.03	0.89	3.20	0.92	(4.09)	9.39	(3.46)	48.41
MSTR	5.11	1.38	0.33	0.62	3.99	(6.48)	12.96	(6.05)	41.89
CDNS	1.75	0.08	0.05	0.19	2.01	(1.87)	3.47	(4.40)	17.32

Be your own money manager

Our tools can tell you how much better you can do entering a position in Image Protect 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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