Iveco Correlations
| IVCGF Stock | USD 21.75 0.28 1.30% |
The current 90-days correlation between Iveco Group and Yadea Group Holdings is 0.04 (i.e., Significant diversification). The correlation of Iveco 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.
Iveco Correlation With Market
Average diversification
The correlation between Iveco Group and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Iveco Group and DJI in the same portfolio, assuming nothing else is changed.
Iveco |
The ability to find closely correlated positions to Iveco could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Iveco when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Iveco - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Iveco Group to buy it.
Moving together with Iveco OTC Stock
| 0.74 | BMYMP | Bristol Myers Squibb | PairCorr |
| 0.7 | AA | Alcoa Corp | PairCorr |
| 0.73 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.74 | GWW | WW Grainger | PairCorr |
| 0.61 | ZPTA | Zapata Computing Holdings Buyout Trend | PairCorr |
| 0.65 | ALVLF | Big Ridge Gold | PairCorr |
| 0.64 | TSLA | Tesla Inc | PairCorr |
| 0.67 | CX | Cemex SAB de Aggressive Push | PairCorr |
| 0.72 | GM | General Motors | PairCorr |
Moving against Iveco OTC Stock
| 0.72 | CYPS | Cyclo3pss | PairCorr |
| 0.57 | NTNX | Nutanix | PairCorr |
| 0.45 | MSFT | Microsoft Sell-off Trend | PairCorr |
| 0.53 | 12532HAF1 | GIBACN 23 14 | PairCorr |
| 0.44 | SMGKF | Smiths Group plc | PairCorr |
| 0.37 | WOLF | Wolfspeed, | PairCorr |
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
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Risk-Adjusted Indicators
There is a big difference between Iveco OTC Stock performing well and Iveco OTC Stock 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 Iveco'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| YADGF | 1.10 | (0.57) | 0.00 | 29.41 | 0.00 | 0.00 | 37.00 | |||
| YORUY | 1.21 | 0.60 | 0.00 | 9.10 | 0.00 | 0.00 | 40.38 | |||
| LNNGY | 1.61 | 0.11 | 0.04 | 0.23 | 1.86 | 3.17 | 14.88 | |||
| MZDAF | 1.10 | (0.02) | (0.01) | (0.11) | 2.21 | 3.45 | 14.33 | |||
| MNTHY | 2.10 | 0.06 | 0.00 | 0.03 | 0.00 | 5.25 | 22.57 | |||
| BSDGY | 0.79 | (0.09) | 0.00 | 0.84 | 0.00 | 1.22 | 17.31 | |||
| JDDSF | 0.58 | (0.21) | 0.00 | (0.63) | 0.00 | 0.00 | 22.36 | |||
| JDSPY | 2.94 | (0.04) | (0.01) | 0.03 | 3.65 | 6.19 | 16.00 | |||
| LFDJF | 0.81 | (0.24) | 0.00 | 0.99 | 0.00 | 1.64 | 11.62 | |||
| YMHAY | 1.72 | 0.00 | 0.00 | 0.08 | 0.00 | 3.50 | 9.35 |
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Positions RatingsDetermine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance |
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Iveco Corporate Management
Elected by the shareholders, the Iveco's board of directors comprises two types of representatives: Iveco inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Iveco. The board's role is to monitor Iveco's management team and ensure that shareholders' interests are well served. Iveco's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Iveco's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Suzanne Heywood | Chairperson | Profile | |
| Annalisa Stupenengo | Chief Officer | Profile | |
| Luca Sra | Pres Unit | Profile | |
| Francesco Tanzi | Chief Officer | Profile | |
| Federico Donati | Head Relations | Profile | |
| Francesco Polsinelli | VP Communications | Profile | |
| Marco Liccardo | Chief Officer | Profile |