Interpublic Group Correlations

IPG Stock

USD 29.58 0.43 1.48%

The current 90-days correlation between Interpublic Group and WPP PLC ADR is 0.44 (i.e., Very weak 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 weak diversification

The correlation between Interpublic Group of and DJI is 0.47 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Interpublic Group of 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, which includes a position in Interpublic Group of. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

Moving together with Interpublic Stock

0.8	TC	TuanChe ADR	Pair Corr
0.72	DLPN	Dolphin Entertainment	Pair Corr

Moving against Interpublic Stock

0.77	CNK	Cinemark Holdings	Pair Corr
0.74	T	ATT Inc Aggressive Push	Pair Corr
0.72	PSO	Pearson PLC ADR	Pair Corr
0.71	EA	Electronic Arts	Pair Corr
0.69	IHRT	iHeartMedia Class	Pair Corr
0.65	SE	Sea	Pair Corr
0.63	CMCSA	Comcast Corp Sell-off Trend	Pair Corr
0.62	CHTR	Charter Communications	Pair Corr
0.61	DJCO	Daily Journal Corp	Pair Corr
0.6	Z	Zillow Group Class	Pair Corr
0.58	EB	Eventbrite Class A	Pair Corr
0.51	EDR	Endeavor Group Holdings	Pair Corr
0.5	WLY	John Wiley Sons	Pair Corr
0.45	KT	KT Corporation	Pair Corr
0.7	VEON	VEON	Pair Corr
0.65	ANGHW	Anghami Warrants	Pair Corr
0.59	ZG	Zillow Group	Pair Corr
0.57	ZD	Ziff Davis	Pair Corr
0.42	NPSNY	Naspers Ltd ADR	Pair Corr
0.37	ZI	ZoomInfo Technologies	Pair Corr

Related Correlations Analysis

	ZD	CRTO	WPP	IAS	CTV	CMPR	STGW	QNST	ADV	DLX
ZD		-0.32	0.33	0.25	0.34	-0.07	0.73	0.75	0.2	0.89	ZD
CRTO	-0.32		-0.82	-0.16	-0.21	0.76	-0.05	-0.65	0.54	-0.28	CRTO
WPP	0.33	-0.82		0.33	0.35	-0.73	-0.04	0.62	-0.54	0.31	WPP
IAS	0.25	-0.16	0.33		0.24	0.12	0.05	0.49	0.28	0.26	IAS
CTV	0.34	-0.21	0.35	0.24		-0.17	0.23	0.49	-0.02	0.3	CTV
CMPR	-0.07	0.76	-0.73	0.12	-0.17		0.25	-0.28	0.72	0.02	CMPR
STGW	0.73	-0.05	-0.04	0.05	0.23	0.25		0.54	0.41	0.76	STGW
QNST	0.75	-0.65	0.62	0.49	0.49	-0.28	0.54		-0.03	0.73	QNST
ADV	0.2	0.54	-0.54	0.28	-0.02	0.72	0.41	-0.03		0.11	ADV
DLX	0.89	-0.28	0.31	0.26	0.3	0.02	0.76	0.73	0.11		DLX
	ZD	CRTO	WPP	IAS	CTV	CMPR	STGW	QNST	ADV	DLX

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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

DLX	+ 0.89	ZD
CMPR	+ 0.76	CRTO
DLX	+ 0.76	STGW
QNST	+ 0.75	ZD
STGW	+ 0.73	ZD
DLX	+ 0.73	QNST

High negative correlations

WPP	- 0.82	CRTO
CMPR	- 0.73	WPP
QNST	- 0.65	CRTO
ADV	- 0.54	WPP
CRTO	- 0.32	ZD
QNST	- 0.28	CMPR

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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
ZD	1.84	0.18	0.12	0.21	2.05	(1.99)	3.26	(3.72)	19.49
CRTO	1.94	(0.32)	0.00	(0.45)	0.00	0.00	3.92	(4.38)	26.95
WPP	1.14	0.13	0.07	0.31	1.13	(1.25)	2.12	(1.96)	8.80
IAS	1.63	(0.11)	(0.04)	0.00	2.98	(1.75)	3.45	(2.41)	23.54
CTV	4.02	0.78	0.32	0.31	2.74	(5.31)	5.58	(6.01)	13.54
CMPR	2.03	(0.33)	0.00	(0.08)	0.00	0.00	3.76	(4.08)	16.61
STGW	1.92	(0.03)	0.03	0.11	2.13	(2.13)	3.76	(3.72)	9.83
QNST	2.44	0.25	0.12	0.25	2.96	(2.62)	5.54	(5.19)	17.37
ADV	2.56	(0.08)	(0.02)	0.04	3.38	(2.97)	4.90	(4.86)	21.91
DLX	1.69	0.08	0.10	0.16	1.68	(1.85)	3.65	(3.09)	12.68

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