IRSA Inversiones Correlations

IRS Stock

USD 16.32 0.17 1.03%

The current 90-days correlation between IRSA Inversiones Y and Mammoth Energy Services is 0.04 (i.e., Significant diversification). The correlation of IRSA Inversiones 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.

IRSA Inversiones Correlation With Market

Average diversification

The correlation between IRSA Inversiones Y and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding IRSA Inversiones Y and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with IRSA Stock

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

Moving together with IRSA Stock

0.84	CIC	Conygar Investment	Pair Corr
0.76	600053	Kunwu Jiuding Investment	Pair Corr
0.69	ROAD	Roadside Real Estate	Pair Corr
0.78	000609	Beijing Mainstreets	Pair Corr
0.66	PKST	Peakstone Realty Trust	Pair Corr
0.81	600568	Zhongzhu Medical Holdings	Pair Corr
0.88	600753	Fujian Oriental Silver	Pair Corr
0.82	TUXS	Tuxis	Pair Corr
0.65	SANM	Sanmina	Pair Corr
0.85	WEICF	Weichai Power	Pair Corr
0.9	ATI	Allegheny Technologies	Pair Corr
0.92	FYBR	Frontier Communications Sell-off Trend	Pair Corr

Moving against IRSA Stock

0.89	FTHM	Fathom Holdings	Pair Corr
0.89	TRNR	Interactive Strength	Pair Corr
0.88	600325	Huafa Industrial	Pair Corr
0.79	API	abrdn Property Income	Pair Corr
0.78	000628	ChengDu Hi Tech	Pair Corr
0.73	ONL	Orion Office Reit	Pair Corr
0.71	000402	Financial Street Holdings	Pair Corr
0.7	600158	China Sports Industry	Pair Corr
0.63	RMSG	Real Messenger	Pair Corr
0.52	OPEN	Opendoor Technologies Aggressive Push	Pair Corr
0.51	600007	China World Trade	Pair Corr
0.46	RFL	Rafael Holdings	Pair Corr
0.4	BHM	Bluerock Homes Trust	Pair Corr
0.33	SVI	Storage Vault Canada	Pair Corr
0.77	APVO	Aptevo Therapeutics	Pair Corr
0.65	JAKK	JAKKS Pacific	Pair Corr
0.47	LPG	Dorian LPG	Pair Corr

Related Correlations Analysis

	TUSK	MATH	ESP	NNBR	SNT	HURC	HQI	OPXS	RITR	MIMI
TUSK		0.63	-0.47	0.82	0.39	0.68	-0.2	0.5	0.64	0.84	TUSK
MATH	0.63		-0.65	0.63	0.26	0.62	-0.4	0.22	0.51	0.69	MATH
ESP	-0.47	-0.65		-0.65	-0.35	-0.64	0.49	-0.46	-0.54	-0.54	ESP
NNBR	0.82	0.63	-0.65		0.68	0.89	-0.17	0.67	0.87	0.89	NNBR
SNT	0.39	0.26	-0.35	0.68		0.77	0.37	0.42	0.73	0.53	SNT
HURC	0.68	0.62	-0.64	0.89	0.77		-0.04	0.58	0.76	0.84	HURC
HQI	-0.2	-0.4	0.49	-0.17	0.37	-0.04		-0.35	-0.06	-0.28	HQI
OPXS	0.5	0.22	-0.46	0.67	0.42	0.58	-0.35		0.53	0.55	OPXS
RITR	0.64	0.51	-0.54	0.87	0.73	0.76	-0.06	0.53		0.73	RITR
MIMI	0.84	0.69	-0.54	0.89	0.53	0.84	-0.28	0.55	0.73		MIMI
	TUSK	MATH	ESP	NNBR	SNT	HURC	HQI	OPXS	RITR	MIMI

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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

HURC	+ 0.89	NNBR
MIMI	+ 0.89	NNBR
RITR	+ 0.87	NNBR
MIMI	+ 0.84	TUSK
MIMI	+ 0.84	HURC
NNBR	+ 0.82	TUSK

High negative correlations

NNBR	- 0.65	ESP
ESP	- 0.65	MATH
HURC	- 0.64	ESP
MIMI	- 0.54	ESP
RITR	- 0.54	ESP
ESP	- 0.47	TUSK

Risk-Adjusted Indicators

There is a big difference between IRSA Stock performing well and IRSA Inversiones 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 IRSA Inversiones' 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
TUSK	2.67	(0.28)	0.00	(0.12)	0.00	0.00	5.39	(4.84)	27.95
MATH	3.92	(0.68)	0.00	(0.66)	0.00	0.00	7.79	(7.77)	20.85
ESP	1.76	0.30	0.10	3.94	1.91	(1.72)	4.38	(3.63)	10.00
NNBR	3.25	(0.65)	0.00	(0.37)	0.00	0.00	6.29	(5.22)	21.64
SNT	3.58	(0.01)	(0.01)	0.04	4.94	(4.09)	8.66	(7.90)	32.07
HURC	1.45	(0.21)	0.00	(0.20)	0.00	0.00	3.10	(3.16)	9.26
HQI	2.91	0.21	0.07	0.25	2.96	(3.40)	8.40	(4.99)	23.30
OPXS	3.33	0.07	0.03	0.11	4.24	(3.46)	8.12	(7.62)	24.39
RITR	5.08	(0.94)	0.00	(0.51)	0.00	0.00	12.50	(11.81)	39.01
MIMI	9.02	(3.75)	0.00	(0.65)	0.00	0.00	15.63	(18.75)	96.53

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