International Money Correlations

IMXI Stock

USD 19.15 0.18 0.95%

The current 90-days correlation between International Money and NetScout Systems is 0.33 (i.e., Weak diversification). The correlation of International Money 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.

International Money Correlation With Market

Average diversification

The correlation between International Money Express and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding International Money Express 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 International Money Express. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in interest.

Moving together with International Stock

0.71	G	Genpact Limited Earnings Call This Week	Pair Corr
0.66	BR	Broadridge Financial	Pair Corr
0.75	DRVN	Driven Brands Holdings	Pair Corr
0.61	CBZ	CBIZ Inc	Pair Corr
0.89	DLX	Deluxe	Pair Corr
0.74	GFL	Gfl Environmental	Pair Corr
0.7	FVRR	Fiverr International	Pair Corr
0.82	KAR	KAR Auction Services	Pair Corr
0.8	RBA	RB Global	Pair Corr

Moving against International Stock

0.54	MG	Mistras Group	Pair Corr
0.52	VCIG	VCI Global Limited Buyout Trend	Pair Corr
0.44	FC	Franklin Covey	Pair Corr
0.72	HDSN	Hudson Technologies	Pair Corr
0.61	DSS	DSS Inc	Pair Corr
0.6	MMS	Maximus Earnings Call This Week	Pair Corr
0.36	SMX	SMX Public Limited	Pair Corr
0.54	LNZA	LanzaTech Global	Pair Corr
0.53	TISI	Team Inc	Pair Corr
0.51	BLMZ	BloomZ Ordinary Shares	Pair Corr
0.47	EVGOW	EVgo Equity Warrants	Pair Corr

Related Correlations Analysis

	NTCT	CCSI	CSGS	ESMT	FORG	EVCM	EVTC	ACIW	STER	BASE
NTCT		0.72	0.76	0.26	-0.04	0.21	0.22	0.55	0.38	0.15	NTCT
CCSI	0.72		0.8	0.22	0.12	0.09	0.11	0.55	0.33	0.31	CCSI
CSGS	0.76	0.8		0.14	-0.06	0.39	0.47	0.82	0.31	0.53	CSGS
ESMT	0.26	0.22	0.14		0.12	-0.21	-0.19	-0.09	0.79	-0.36	ESMT
FORG	-0.04	0.12	-0.06	0.12		-0.46	-0.37	-0.24	-0.11	0.17	FORG
EVCM	0.21	0.09	0.39	-0.21	-0.46		0.9	0.67	-0.29	0.36	EVCM
EVTC	0.22	0.11	0.47	-0.19	-0.37	0.9		0.74	-0.19	0.47	EVTC
ACIW	0.55	0.55	0.82	-0.09	-0.24	0.67	0.74		-0.01	0.66	ACIW
STER	0.38	0.33	0.31	0.79	-0.11	-0.29	-0.19	-0.01		-0.33	STER
BASE	0.15	0.31	0.53	-0.36	0.17	0.36	0.47	0.66	-0.33		BASE
	NTCT	CCSI	CSGS	ESMT	FORG	EVCM	EVTC	ACIW	STER	BASE

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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

EVTC	+ 0.9	EVCM
ACIW	+ 0.82	CSGS
CSGS	+ 0.8	CCSI
STER	+ 0.79	ESMT
CSGS	+ 0.76	NTCT
ACIW	+ 0.74	EVTC

High negative correlations

EVCM	- 0.46	FORG
EVTC	- 0.37	FORG
BASE	- 0.36	ESMT
BASE	- 0.33	STER
STER	- 0.29	EVCM
ACIW	- 0.24	FORG

Risk-Adjusted Indicators

There is a big difference between International Stock performing well and International Money 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 International Money'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
NTCT	1.56	0.26	0.14	0.47	1.45	(1.74)	3.29	(2.71)	11.69
CCSI	1.95	0.52	0.17	1.54	2.11	(2.15)	4.16	(3.95)	20.68
CSGS	1.22	0.23	0.16	0.40	1.07	(1.43)	2.66	(1.64)	13.96
ESMT	1.57	0.14	0.01	(0.30)	1.90	(1.59)	3.90	(2.93)	9.34
FORG	0.78	(0.03)	0.00	(0.35)	0.00	0.00	1.78	(1.49)	6.71
EVCM	1.54	(0.09)	0.00	(0.09)	0.00	0.00	3.22	(3.32)	13.03
EVTC	1.16	(0.03)	(0.05)	0.02	1.70	(1.11)	2.77	(2.30)	10.78
ACIW	1.64	0.10	0.04	0.21	1.76	(1.76)	4.57	(3.07)	12.56
STER	0.66	0.10	0.00	(1.61)	0.93	(0.71)	1.77	(1.22)	7.04
BASE	1.93	0.08	0.02	0.16	4.60	(1.81)	4.96	(2.93)	28.38

International Money Corporate Management

Randall Nilsen	Executive Canada	Profile
Chris Kawula	Executive Sales	Profile
Alex Sadowski	Investor Officer	Profile
Ernesto Luciano	Executive Officer	Profile
Christopher Hunt	Chief Officer	Profile

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