Intevac Correlations
| IVACDelisted Stock | USD 4.00 0.00 0.00% |
The current 90-days correlation between Intevac and Arq Inc is -0.01 (i.e., Good diversification). The correlation of Intevac 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.
Intevac Correlation With Market
Poor diversification
The correlation between Intevac and DJI is 0.76 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Intevac and DJI in the same portfolio, assuming nothing else is changed.
Intevac |
Moving together with Intevac Stock
| 0.75 | KT | KT Corporation | PairCorr |
| 0.84 | CMA | Comerica Incorporated | PairCorr |
| 0.87 | WLK | Westlake Chemical Buyout Trend | PairCorr |
| 0.86 | RHHVF | Roche Holding AG | PairCorr |
| 0.76 | ADEA | ADEIA P | PairCorr |
| 0.72 | AOIFF | Africa Oil Corp | PairCorr |
| 0.88 | KRKNF | Kraken Robotics Tech Boost | PairCorr |
| 0.88 | DAWN | Day One Biopharmaceu | PairCorr |
| 0.84 | STRS | Stratus Properties | PairCorr |
| 0.82 | NTRSO | Northern Trust | PairCorr |
| 0.81 | LNN | Lindsay | PairCorr |
| 0.87 | CING | Cingulate | PairCorr |
| 0.86 | GBOOY | Grupo Financiero Banorte | PairCorr |
| 0.82 | VOD | Vodafone Group PLC | PairCorr |
| 0.76 | SBYSF | Sibanye Stillwater | PairCorr |
| 0.8 | MFGCF | Mayfair Gold Corp Downward Rally | PairCorr |
| 0.89 | INGR | Ingredion Incorporated | PairCorr |
| 0.9 | IFS | Intercorp Financial | PairCorr |
| 0.78 | MEEEF | Metal Energy Corp | PairCorr |
| 0.83 | JNJ | Johnson Johnson | PairCorr |
| 0.62 | OTSKY | Otsuka Holdings | PairCorr |
| 0.74 | CLEGF | Coles Group Earnings Call This Week | PairCorr |
| 0.8 | VKQ | Invesco Municipal Trust | PairCorr |
| 0.72 | BYM | BlackRock Municipal | PairCorr |
| 0.83 | TVFCF | Télévision Française | PairCorr |
| 0.78 | LTSK | Ladenburg Thalmann | PairCorr |
Moving against Intevac Stock
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Intevac Stock performing well and Intevac 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 Intevac'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| OIG | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ARQ | 2.29 | (0.19) | 0.00 | (0.01) | 0.00 | 6.06 | 13.01 | |||
| RYM | 5.48 | 0.13 | 0.01 | 0.84 | 6.01 | 11.59 | 63.12 | |||
| SAVE | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| SCX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| SVT | 8.51 | 4.07 | 2.40 | 1.29 | 0.00 | 3.80 | 267.41 | |||
| MNTX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| LLAP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| SGLY | 4.25 | (0.56) | 0.00 | (0.54) | 0.00 | 14.58 | 32.45 | |||
| PYR | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Intevac 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 Intevac stock to make a market-neutral strategy. Peer analysis of Intevac could also be used in its relative valuation, which is a method of valuing Intevac by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Intevac Corporate Management
| Samuel Harkness | Vice Technology | Profile | |
| John Dickinson | Vice Operations | Profile | |
| Cameron McAulay | Chief Officer | Profile | |
| Claire McAdams | Investor Relations and Strategic Initiatives | Profile | |
| Kevin Soulsby | Treasurer Controller | Profile | |
| Eva Valencia | Vice Sales | Profile |
Still Interested in Intevac?
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