Identiv Correlations

INVE Stock

USD 3.20 0.13 3.90%

The current 90-days correlation between Identiv and Invesco California Value is 0.01 (i.e., Significant 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

Very good diversification

The correlation between Identiv and DJI is -0.24 (i.e., Very good 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 various price indices.

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

Moving together with Identiv Stock

0.81	LINK	Interlink Electronics	Pair Corr
0.7	NSSC	NAPCO Security Techn	Pair Corr
0.74	RVSN	Rail Vision	Pair Corr
0.62	CGNX	Cognex	Pair Corr

Moving against Identiv Stock

0.5	BAERW	Bridger Aerospace	Pair Corr
0.5	KEYS	Keysight Technologies	Pair Corr
0.42	TTMI	TTM Technologies	Pair Corr
0.41	SANM	Sanmina Earnings Call Next Week	Pair Corr
0.4	BAER	Bridger Aerospace	Pair Corr
0.38	LASR	nLIGHT Inc	Pair Corr
0.5	HRMY	Harmony Biosciences	Pair Corr
0.45	SNDK	Sandisk Corp Earnings Call This Week	Pair Corr
0.43	JBHT	JB Hunt Transport	Pair Corr
0.34	BMO	Bank of Montreal	Pair Corr

Related Correlations Analysis

	VCV	MRK	NMFC	AA	KOS	GGG	NSSC	SRTOY	KNX	KNOP
VCV		0.26	-0.11	0.48	0.05	0.32	-0.22	0.28	0.3	0.31	VCV
MRK	0.26		-0.14	0.87	-0.76	0.7	-0.44	0.15	0.82	0.76	MRK
NMFC	-0.11	-0.14		-0.05	0.01	0.13	0.37	0.46	0.09	0.0	NMFC
AA	0.48	0.87	-0.05		-0.55	0.83	-0.22	0.44	0.93	0.67	AA
KOS	0.05	-0.76	0.01	-0.55		-0.32	0.1	-0.03	-0.63	-0.73	KOS
GGG	0.32	0.7	0.13	0.83	-0.32		-0.2	0.58	0.88	0.54	GGG
NSSC	-0.22	-0.44	0.37	-0.22	0.1	-0.2		0.35	-0.11	-0.4	NSSC
SRTOY	0.28	0.15	0.46	0.44	-0.03	0.58	0.35		0.53	0.19	SRTOY
KNX	0.3	0.82	0.09	0.93	-0.63	0.88	-0.11	0.53		0.72	KNX
KNOP	0.31	0.76	0.0	0.67	-0.73	0.54	-0.4	0.19	0.72		KNOP
	VCV	MRK	NMFC	AA	KOS	GGG	NSSC	SRTOY	KNX	KNOP

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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

KNX	+ 0.93	AA
KNX	+ 0.88	GGG
AA	+ 0.87	MRK
GGG	+ 0.83	AA
KNX	+ 0.82	MRK
KNOP	+ 0.76	MRK

High negative correlations

KOS	- 0.76	MRK
KNOP	- 0.73	KOS
KNX	- 0.63	KOS
KOS	- 0.55	AA
NSSC	- 0.44	MRK
KNOP	- 0.4	NSSC

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
VCV	0.57	0.06	(0.01)	1.50	0.78	(0.60)	1.53	(1.55)	3.42
MRK	1.24	0.31	0.21	0.48	1.09	(1.53)	3.59	(1.98)	8.09
NMFC	0.84	(0.04)	(0.06)	0.01	1.01	(0.89)	1.66	(1.69)	5.28
AA	2.81	0.63	0.25	0.38	2.42	(3.46)	6.55	(4.82)	18.46
KOS	3.56	(0.09)	0.00	(0.24)	0.00	0.00	10.27	(5.99)	25.11
GGG	0.91	0.00	0.01	0.07	1.19	(0.90)	2.46	(1.90)	6.74
NSSC	1.76	(0.29)	0.00	(0.09)	0.00	0.00	3.98	(4.00)	14.26
SRTOY	1.02	(0.04)	0.00	0.03	1.97	(4.24)	2.92	(3.28)	14.94
KNX	1.70	0.20	0.11	0.22	1.86	(2.05)	3.84	(2.96)	8.76
KNOP	1.41	0.26	0.13	3.52	1.17	(1.71)	3.99	(2.14)	12.60

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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