Ion Beam Correlations
| IOBCF Stock | USD 18.15 0.31 1.74% |
The current 90-days correlation between Ion Beam Applications and Clinuvel Pharmaceuticals Ltd is 0.11 (i.e., Average diversification). The correlation of Ion Beam 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.
Ion Beam Correlation With Market
Very poor diversification
The correlation between Ion Beam Applications and DJI is 0.82 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ion Beam Applications and DJI in the same portfolio, assuming nothing else is changed.
Ion |
The ability to find closely correlated positions to Ion Beam could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ion Beam 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 Ion Beam - 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 Ion Beam Applications to buy it.
Moving together with Ion Pink Sheet
| 0.85 | DXCM | DexCom Inc | PairCorr |
| 0.67 | GNTX | Gentex | PairCorr |
| 0.78 | SHG | Shinhan Financial Earnings Call Tomorrow | PairCorr |
| 0.8 | KB | KB Financial Group Earnings Call Today | PairCorr |
| 0.85 | EC | Ecopetrol SA ADR | PairCorr |
| 0.89 | MUFG | Mitsubishi UFJ Financial Normal Trading | PairCorr |
| 0.86 | WF | Woori Financial Group | PairCorr |
| 0.61 | KO | Coca Cola Earnings Call This Week | PairCorr |
| 0.85 | JNJ | Johnson Johnson Sell-off Trend | PairCorr |
| 0.69 | PFE | Pfizer Inc Aggressive Push | PairCorr |
| 0.91 | XOM | Exxon Mobil Corp Aggressive Push | PairCorr |
| 0.78 | INTC | Intel | PairCorr |
| 0.88 | CAT | Caterpillar | PairCorr |
| 0.79 | WMT | Walmart Common Stock | PairCorr |
| 0.81 | MRK | Merck Company | PairCorr |
| 0.87 | BA | Boeing | PairCorr |
| 0.88 | CVX | Chevron Corp Sell-off Trend | PairCorr |
Moving against Ion Pink Sheet
| 0.84 | ABT | Abbott Laboratories | PairCorr |
| 0.76 | VFSWW | VinFast Auto | PairCorr |
| 0.67 | BSX | Boston Scientific Corp | PairCorr |
| 0.61 | EW | Edwards Lifesciences Corp Earnings Call Today | PairCorr |
Related Correlations Analysis
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Ion Pink Sheet performing well and Ion Beam 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 Ion Beam'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| EAPIF | 0.91 | (0.49) | 0.00 | (7.69) | 0.00 | 0.00 | 24.21 | |||
| CLVLY | 1.57 | 0.22 | 0.08 | 1.01 | 1.54 | 3.81 | 11.55 | |||
| CLVLF | 0.77 | 0.36 | 0.00 | (0.66) | 0.00 | 1.75 | 14.74 | |||
| NWBO | 2.71 | 0.11 | 0.01 | 0.32 | 2.99 | 4.35 | 38.34 | |||
| DMTRF | 1.51 | 0.74 | 0.00 | 2.63 | 0.00 | 0.00 | 27.33 | |||
| KSIOF | 2.29 | (0.33) | 0.00 | (0.54) | 0.00 | 4.41 | 15.71 | |||
| COGZF | 2.11 | (0.20) | 0.00 | (4.57) | 0.00 | 6.62 | 29.04 | |||
| PTCHF | 0.60 | 0.15 | 0.00 | 16.00 | 0.00 | 3.53 | 7.74 | |||
| HLOSF | 1.47 | (0.57) | 0.00 | 0.76 | 0.00 | 0.00 | 26.47 | |||
| HUMDF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Ion Beam 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.Did you try this?
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Ion Beam Corporate Executives
Elected by the shareholders, the Ion Beam's board of directors comprises two types of representatives: Ion Beam inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Ion. The board's role is to monitor Ion Beam's management team and ensure that shareholders' interests are well served. Ion Beam'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, Ion Beam's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Soumya Chandramouli | CFO, Member of the Management Board | Profile |