Interpublic Group Correlations

Delisted . USA . 
Stock . Interpublic Group
IPGDelisted Stock  USD 24.57  0.09  0.36%   
The current 90-days correlation between Interpublic Group and New York Times is -0.01 (i.e., Good diversification). The correlation of Interpublic Group 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.

Interpublic Group Correlation With Market

Very good diversification

The correlation between Interpublic Group and DJI is -0.43 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Interpublic Group 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. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.

Moving against Interpublic Stock

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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

SKM
+ 0.95
KT
TIGO
+ 0.92
SKM
TIGO
+ 0.88
KT
TIMB
+ 0.88
SKM
FYBR
+ 0.87
NYT
FYBR
+ 0.85
KT
  

High negative correlations

TIMB
- 0.83
PSO
TIGO
- 0.7
PSO
SKM
- 0.69
PSO
KT
- 0.57
PSO
TIMB
- 0.54
OMC
LUMN
- 0.38
LBRDA

Risk-Adjusted Indicators

There is a big difference between Interpublic Stock performing well and Interpublic Group 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 Interpublic Group'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
NYT  0.98  0.31  0.15 (3.35) 1.26 
(1.10)
 3.00 
(1.52)
 9.79 
PSO  1.11 (0.11) 0.00 (0.09) 0.00 
 0.00 
 1.84 
(2.42)
 12.74 
KT  0.90  0.44  0.46  2.10  0.00 
(1.14)
 2.35 
(1.25)
 4.71 
LBRDA  1.74  0.13  0.07  0.16  2.01 
(1.92)
 4.56 
(3.12)
 10.73 
FYBR  0.13  0.03 (0.28)(2.78) 0.00 
(0.18)
 0.29 
(0.21)
 0.68 
OMC  1.89  0.23  0.07  0.52  2.58 
(1.90)
 4.66 
(2.96)
 16.86 
SKM  1.51  0.75  0.32 (0.54) 1.13 
(1.72)
 3.99 
(1.95)
 16.18 
LUMN  3.61 (0.10) 0.01  0.04  5.35 
(3.54)
 7.65 
(5.92)
 32.97 
TIMB  1.49  0.23  0.07 (16.87) 2.04 
(1.46)
 3.43 
(3.24)
 11.29 
TIGO  1.82  0.44  0.15  2.14  2.28 
(2.12)
 4.78 
(3.25)
 15.97 

Interpublic Group Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Interpublic Group stock to make a market-neutral strategy. Peer analysis of Interpublic Group could also be used in its relative valuation, which is a method of valuing Interpublic Group by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

Still Interested in Interpublic Group?

Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.
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