IPackets International Correlations

A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as IPackets International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if iPackets International moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in iPackets International. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry.

For more information on how to buy IPackets Stock please use our How to buy in IPackets Stock guide.

Related Correlations Analysis

	PINS	BKH	FLNC	CNP	WB	KEN	BCE	RSVR
PINS		-0.41	0.16	0.07	0.65	0.06	0.23	0.15	PINS
BKH	-0.41		0.35	0.71	0.05	0.52	-0.52	0.52	BKH
FLNC	0.16	0.35		0.51	0.48	0.4	-0.1	0.28	FLNC
CNP	0.07	0.71	0.51		0.62	0.81	-0.69	0.75	CNP
WB	0.65	0.05	0.48	0.62		0.49	-0.14	0.32	WB
KEN	0.06	0.52	0.4	0.81	0.49		-0.79	0.74	KEN
BCE	0.23	-0.52	-0.1	-0.69	-0.14	-0.79		-0.76	BCE
RSVR	0.15	0.52	0.28	0.75	0.32	0.74	-0.76		RSVR
	PINS	BKH	FLNC	CNP	WB	KEN	BCE	RSVR

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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

KEN	+ 0.81	CNP
RSVR	+ 0.75	CNP
RSVR	+ 0.74	KEN
CNP	+ 0.71	BKH
WB	+ 0.65	PINS
WB	+ 0.62	CNP

High negative correlations

BCE	- 0.79	KEN
RSVR	- 0.76	BCE
BCE	- 0.69	CNP
BCE	- 0.52	BKH
BKH	- 0.41	PINS
BCE	- 0.14	WB

Risk-Adjusted Indicators

There is a big difference between IPackets Stock performing well and IPackets International 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 IPackets International'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
PINS	1.61	(0.18)	0.00	(0.08)	0.00	0.00	2.79	(3.30)	17.91
BKH	0.88	0.09	0.07	0.25	0.62	(1.10)	2.11	(1.31)	4.11
FLNC	3.22	0.40	0.08	0.83	3.90	(3.33)	7.38	(5.61)	24.63
CNP	0.88	0.27	0.12	(6.03)	0.95	(0.99)	1.80	(1.74)	5.92
WB	2.75	0.24	0.04	1.05	3.16	(3.20)	7.48	(5.36)	23.98
KEN	1.32	0.16	0.06	0.37	1.65	(1.32)	2.93	(2.87)	8.45
BCE	0.86	(0.37)	0.00	(2.47)	0.00	0.00	1.53	(1.83)	12.47
RSVR	1.75	0.18	0.11	0.22	2.12	(1.94)	3.91	(3.81)	9.49

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IPackets International Correlations

Related Correlations Analysis

Correlation Matchups

Risk-Adjusted Indicators

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