Identiv Correlations

INVE Stock

USD 3.64 0.20 5.21%

The current 90-days correlation between Identiv and Velo3D is -0.07 (i.e., Good diversification). The correlation of Identiv 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.

Identiv Correlation With Market

Average diversification

The correlation between Identiv and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Identiv and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Identiv Stock

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

For information on how to trade Identiv Stock refer to our How to Trade Identiv Stock guide.

Moving together with Identiv Stock

0.61	000938	Unisplendour Corp	Pair Corr
0.64	300296	Leyard Optoelectronic	Pair Corr
0.67	VSH	Vishay Intertechnology	Pair Corr
0.71	300184	Wuhan PS Information	Pair Corr
0.7	300852	Sihui Fuji Electronics	Pair Corr
0.73	002161	Invengo Information	Pair Corr

Moving against Identiv Stock

0.43	002175	Oriental Times Media	Pair Corr
0.38	000829	Telling Telecommunicatio	Pair Corr

Related Correlations Analysis

	VELO	ALOT	ATOM	SILC	PSQH	OSS	NA	CMTL	GNSS	RCT
VELO		-0.28	-0.33	-0.51	-0.62	0.76	-0.68	0.51	-0.31	-0.63	VELO
ALOT	-0.28		0.79	0.78	0.8	-0.42	0.75	-0.17	-0.02	0.43	ALOT
ATOM	-0.33	0.79		0.84	0.8	-0.17	0.72	-0.26	-0.04	0.28	ATOM
SILC	-0.51	0.78	0.84		0.89	-0.41	0.74	-0.35	-0.01	0.4	SILC
PSQH	-0.62	0.8	0.8	0.89		-0.52	0.79	-0.41	0.22	0.6	PSQH
OSS	0.76	-0.42	-0.17	-0.41	-0.52		-0.71	0.46	-0.08	-0.54	OSS
NA	-0.68	0.75	0.72	0.74	0.79	-0.71		-0.4	-0.01	0.53	NA
CMTL	0.51	-0.17	-0.26	-0.35	-0.41	0.46	-0.4		-0.13	-0.34	CMTL
GNSS	-0.31	-0.02	-0.04	-0.01	0.22	-0.08	-0.01	-0.13		0.57	GNSS
RCT	-0.63	0.43	0.28	0.4	0.6	-0.54	0.53	-0.34	0.57		RCT
	VELO	ALOT	ATOM	SILC	PSQH	OSS	NA	CMTL	GNSS	RCT

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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

PSQH	+ 0.89	SILC
SILC	+ 0.84	ATOM
PSQH	+ 0.8	ALOT
PSQH	+ 0.8	ATOM
ATOM	+ 0.79	ALOT
NA	+ 0.79	PSQH

High negative correlations

NA	- 0.71	OSS
NA	- 0.68	VELO
RCT	- 0.63	VELO
PSQH	- 0.62	VELO
RCT	- 0.54	OSS
OSS	- 0.52	PSQH

Risk-Adjusted Indicators

There is a big difference between Identiv Stock performing well and Identiv 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 Identiv'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
VELO	11.52	2.69	0.34	0.30	8.63	(14.53)	29.19	(12.97)	74.12
ALOT	2.01	(0.18)	0.00	1.30	0.00	0.00	4.76	(3.31)	21.34
ATOM	4.54	(1.18)	0.00	(0.25)	0.00	0.00	9.55	(8.51)	47.13
SILC	2.33	(0.33)	0.00	(0.90)	0.00	0.00	4.28	(3.78)	18.46
PSQH	3.81	(1.34)	0.00	(0.33)	0.00	0.00	6.67	(8.29)	30.27
OSS	4.07	0.19	0.06	0.11	5.01	(4.21)	6.32	(7.66)	38.58
NA	3.58	(0.85)	0.00	(0.75)	0.00	0.00	6.41	(7.27)	38.30
CMTL	3.96	1.19	0.25	0.71	4.29	(4.74)	11.03	(6.75)	26.50
GNSS	1.77	(0.15)	0.00	(0.06)	0.00	0.00	3.06	(4.74)	17.18
RCT	3.85	(0.47)	0.00	(0.23)	0.00	0.00	9.62	(9.63)	26.32

Identiv Corporate Management

Edward CPA	VP Controller	Profile
Justin Scarpulla	Principal CFO	Profile
Steve Dunlap	Thursby Pres	Profile
Mike Taylor	Vice Sales	Profile
Tanya Freedland	Vice Acquisition	Profile

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