Ingram Micro Correlations

INGM Stock

21.47 0.42 1.92%

The current 90-days correlation between Ingram Micro Holding and Arrow Electronics is -0.1 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Ingram Micro moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ingram Micro Holding moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Ingram Micro Correlation With Market

Modest diversification

The correlation between Ingram Micro Holding and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ingram Micro Holding 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 Ingram Micro Holding. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

Related Correlations Analysis

	ARW	AVT	IZM	SNX	INGM	NSIT	SCSC	TAIT	CLMB	CNXN
ARW		0.23	0.22	0.36	-0.25	0.95	-0.04	0.6	-0.59	0.39	ARW
AVT	0.23		-0.13	0.87	0.14	0.01	0.32	0.29	0.39	0.12	AVT
IZM	0.22	-0.13		-0.17	-0.07	0.35	-0.09	0.33	-0.22	0.52	IZM
SNX	0.36	0.87	-0.17		0.07	0.17	0.49	0.33	0.32	0.33	SNX
INGM	-0.25	0.14	-0.07	0.07		-0.28	0.06	-0.1	0.18	-0.12	INGM
NSIT	0.95	0.01	0.35	0.17	-0.28		-0.13	0.6	-0.72	0.41	NSIT
SCSC	-0.04	0.32	-0.09	0.49	0.06	-0.13		0.16	0.37	0.55	SCSC
TAIT	0.6	0.29	0.33	0.33	-0.1	0.6	0.16		-0.5	0.34	TAIT
CLMB	-0.59	0.39	-0.22	0.32	0.18	-0.72	0.37	-0.5		0.01	CLMB
CNXN	0.39	0.12	0.52	0.33	-0.12	0.41	0.55	0.34	0.01		CNXN
	ARW	AVT	IZM	SNX	INGM	NSIT	SCSC	TAIT	CLMB	CNXN

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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

NSIT	+ 0.95	ARW
SNX	+ 0.87	AVT
TAIT	+ 0.6	ARW
TAIT	+ 0.6	NSIT
CNXN	+ 0.55	SCSC
CNXN	+ 0.52	IZM

High negative correlations

CLMB	- 0.72	NSIT
CLMB	- 0.59	ARW
CLMB	- 0.5	TAIT
NSIT	- 0.28	INGM
INGM	- 0.25	ARW
CLMB	- 0.22	IZM

Risk-Adjusted Indicators

There is a big difference between Ingram Stock performing well and Ingram Micro 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 Ingram Micro'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
ARW	1.24	(0.32)	0.00	(0.11)	0.00	0.00	2.56	(1.98)	15.96
AVT	1.15	(0.17)	0.00	(0.02)	0.00	0.00	2.86	(2.12)	11.96
IZM	2.49	0.02	0.01	0.12	4.17	(2.43)	4.52	(5.23)	24.00
SNX	1.16	(0.17)	0.00	(0.02)	0.00	0.00	1.98	(2.94)	8.22
INGM	1.23	(0.65)	0.00	(1.95)	0.00	0.00	1.91	(3.07)	6.11
NSIT	1.55	(0.64)	0.00	(0.28)	0.00	0.00	2.59	(3.48)	17.36
SCSC	1.76	(0.15)	(0.02)	0.03	1.88	(2.08)	3.13	(2.89)	15.95
TAIT	0.86	(0.17)	0.00	(0.36)	0.00	0.00	1.78	(1.76)	6.87
CLMB	2.03	0.50	0.28	0.36	1.46	(2.23)	5.98	(3.15)	15.22
CNXN	1.41	(0.17)	(0.03)	0.02	1.73	(1.59)	3.12	(2.71)	12.95

Ingram Micro Corporate Management

Cari Hornstein	Controller VP	Profile
Paul Bay	Chief Officer	Profile
Damon Wright	Head Officer	Profile
Jennifer Anaya	Senior Marketing	Profile
Mark Snider	Executive EMEA	Profile

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