IPE Universal Correlations

IPEU Stock

USD 15.50 0.00 0.00%

The current 90-days correlation between IPE Universal and Kraken Robotics is -0.04 (i.e., Good diversification). The correlation of IPE Universal 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. If the correlation is 0, the equities are not correlated; they are entirely random.

IPE Universal Correlation With Market

Modest diversification

The correlation between IPE Universal and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding IPE Universal and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with IPE Pink Sheet

0.88	PPERF	Bank Mandiri Persero	Pair Corr
0.78	PPERY	Bank Mandiri Persero	Pair Corr
0.7	TLK	Telkom Indonesia Tbk	Pair Corr
0.75	IDN	Intellicheck Mobilisa	Pair Corr
0.63	ULTA	Ulta Beauty	Pair Corr
0.82	APGE	Apogee Therapeutics,	Pair Corr
0.81	REGN	Regeneron Pharmaceuticals	Pair Corr
0.76	KODK	Eastman Kodak	Pair Corr
0.85	DDS	Dillards,	Pair Corr
0.79	RLMD	Relmada Therapeutics	Pair Corr
0.79	CM	Canadian Imperial Bank	Pair Corr

Moving against IPE Pink Sheet

0.8	UBER	Uber Technologies	Pair Corr
0.74	NOW	ServiceNow	Pair Corr
0.7	SAP	SAP SE ADR	Pair Corr
0.69	SAPGF	SAP SE	Pair Corr
0.48	SNOW	Snowflake	Pair Corr
0.42	CDNS	Cadence Design Systems	Pair Corr
0.33	BKRKY	Bank Rakyat	Pair Corr
0.57	PTAIF	PT Astra International	Pair Corr
0.46	RYSKF	Reysas Tasimacilik	Pair Corr
0.4	12532HAF1	GIBACN 23 14	Pair Corr

Related Correlations Analysis

	FREKF	KNNNF	TMVWY	JVCZY	BCNAF	AEXAF	ADVOF	ABXXF	KRKNF	UBLXF
FREKF		-0.61	0.6	0.66	0.53	0.04	0.0	-0.67	-0.3	0.37	FREKF
KNNNF	-0.61		-0.41	-0.58	-0.46	-0.46	0.0	0.45	0.29	-0.33	KNNNF
TMVWY	0.6	-0.41		0.77	0.97	-0.1	0.0	-0.8	-0.3	-0.04	TMVWY
JVCZY	0.66	-0.58	0.77		0.69	0.12	0.0	-0.84	-0.06	0.21	JVCZY
BCNAF	0.53	-0.46	0.97	0.69		-0.04	0.0	-0.72	-0.37	-0.09	BCNAF
AEXAF	0.04	-0.46	-0.1	0.12	-0.04		0.0	-0.03	0.13	0.12	AEXAF
ADVOF	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	ADVOF
ABXXF	-0.67	0.45	-0.8	-0.84	-0.72	-0.03	0.0		0.11	-0.24	ABXXF
KRKNF	-0.3	0.29	-0.3	-0.06	-0.37	0.13	0.0	0.11		-0.29	KRKNF
UBLXF	0.37	-0.33	-0.04	0.21	-0.09	0.12	0.0	-0.24	-0.29		UBLXF
	FREKF	KNNNF	TMVWY	JVCZY	BCNAF	AEXAF	ADVOF	ABXXF	KRKNF	UBLXF

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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

BCNAF	+ 0.97	TMVWY
JVCZY	+ 0.77	TMVWY
BCNAF	+ 0.69	JVCZY
JVCZY	+ 0.66	FREKF
TMVWY	+ 0.6	FREKF
BCNAF	+ 0.53	FREKF

High negative correlations

ABXXF	- 0.84	JVCZY
ABXXF	- 0.8	TMVWY
ABXXF	- 0.72	BCNAF
ABXXF	- 0.67	FREKF
KNNNF	- 0.61	FREKF
JVCZY	- 0.58	KNNNF

Risk-Adjusted Indicators

There is a big difference between IPE Pink Sheet performing well and IPE Universal 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 IPE Universal'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
FREKF	2.75	(0.46)	0.00	(0.34)	0.00	0.00	9.20	(9.92)	30.54
KNNNF	1.69	0.93	0.00	(1.18)	0.00	0.00	0.00	0.00	54.21
TMVWY	1.80	(0.51)	0.00	1.24	0.00	0.00	2.46	(4.56)	26.34
JVCZY	1.16	(0.60)	0.00	3.62	0.00	0.00	0.00	0.00	22.57
BCNAF	0.39	(0.20)	0.00	1.49	0.00	0.00	0.00	0.00	11.21
AEXAF	0.65	0.10	0.00	(0.09)	0.00	0.00	0.00	0.00	24.80
ADVOF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ABXXF	3.30	0.83	0.27	0.69	2.70	(4.13)	10.08	(4.87)	29.32
KRKNF	3.75	0.56	0.14	1.25	3.54	(4.72)	10.68	(5.80)	24.08
UBLXF	0.64	(0.05)	0.00	1.08	0.00	0.00	1.34	(3.57)	14.01

Be your own money manager

Our tools can tell you how much better you can do entering a position in IPE Universal 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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