Immsi SpA Correlations

IMY Stock

EUR 0.51 0.01 2.00%

The current 90-days correlation between Immsi SpA and Banco de Chile is -0.05 (i.e., Good diversification). The correlation of Immsi SpA 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.

Immsi SpA Correlation With Market

Weak diversification

The correlation between Immsi SpA and DJI is 0.39 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Immsi SpA and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Immsi Stock

0.65	GLJ	GRENKELEASING	Pair Corr
0.71	7YC	Synthomer plc	Pair Corr

Moving against Immsi Stock

0.37	BNB	BAYAN RESOURCES	Pair Corr
0.33	8LU	TAURUS ENERGY AB	Pair Corr
0.33	KMY	Kimberly Clark	Pair Corr
0.48	SFTU	SoftBank Group Corp Split	Pair Corr
0.45	DBPD	Xtrackers ShortDAX	Pair Corr
0.32	3HB	Hybrigenics Societe	Pair Corr

Related Correlations Analysis

	PQ90	PQ9	BYRA	6GAA	KSF1	KBIA	2WGA	LFL0	BSA	G4RA
PQ90		0.33	-0.14	-0.08	0.02	0.0	0.18	0.17	0.16	0.09	PQ90
PQ9	0.33		0.16	-0.16	0.08	-0.01	0.22	0.19	0.11	0.08	PQ9
BYRA	-0.14	0.16		0.45	0.37	0.34	0.37	0.38	0.42	0.41	BYRA
6GAA	-0.08	-0.16	0.45		0.47	0.56	0.44	0.7	0.73	0.75	6GAA
KSF1	0.02	0.08	0.37	0.47		0.96	0.9	0.55	0.7	0.71	KSF1
KBIA	0.0	-0.01	0.34	0.56	0.96		0.9	0.6	0.73	0.74	KBIA
2WGA	0.18	0.22	0.37	0.44	0.9	0.9		0.66	0.75	0.74	2WGA
LFL0	0.17	0.19	0.38	0.7	0.55	0.6	0.66		0.93	0.93	LFL0
BSA	0.16	0.11	0.42	0.73	0.7	0.73	0.75	0.93		0.96	BSA
G4RA	0.09	0.08	0.41	0.75	0.71	0.74	0.74	0.93	0.96		G4RA
	PQ90	PQ9	BYRA	6GAA	KSF1	KBIA	2WGA	LFL0	BSA	G4RA

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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

KBIA	+ 0.96	KSF1
G4RA	+ 0.96	BSA
BSA	+ 0.93	LFL0
G4RA	+ 0.93	LFL0
2WGA	+ 0.9	KSF1
2WGA	+ 0.9	KBIA

High negative correlations

6GAA	- 0.16	PQ9
BYRA	- 0.14	PQ90
6GAA	- 0.08	PQ90
KBIA	- 0.01	PQ9
KBIA	- 0.0	PQ90

Risk-Adjusted Indicators

There is a big difference between Immsi Stock performing well and Immsi SpA 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 Immsi SpA'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
PQ90	2.75	0.22	0.03	(2.15)	3.82	(3.46)	3.57	(9.09)	42.92
PQ9	4.85	0.27	0.03	0.18	5.73	(9.30)	17.39	(14.29)	40.26
BYRA	4.14	0.38	0.04	(0.35)	4.34	(7.93)	11.11	(10.00)	26.67
6GAA	2.02	0.03	(0.01)	(0.80)	2.33	(2.43)	5.31	(4.10)	20.33
KSF1	1.80	0.38	0.15	(1.92)	1.70	(2.30)	5.33	(3.31)	9.59
KBIA	1.70	0.35	0.14	0.65	1.65	(2.33)	4.35	(3.45)	11.24
2WGA	2.37	0.69	0.27	1.46	1.94	(3.14)	7.08	(2.46)	19.36
LFL0	2.08	0.43	0.14	1.10	2.29	(2.43)	4.21	(4.55)	13.43
BSA	2.19	0.27	0.07	3.82	2.86	(2.30)	4.38	(4.51)	14.55
G4RA	2.04	0.29	0.09	(2.93)	2.33	(2.21)	4.94	(4.27)	10.44

Be your own money manager

Our tools can tell you how much better you can do entering a position in Immsi SpA 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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Immsi SpA Corporate Executives

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

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