Invictus Financial Correlations
| IVFZF Stock | USD 0.01 0.00 0.00% |
The current 90-days correlation between Invictus Financial and New Infinity Holdings is -0.01 (i.e., Good diversification). The correlation of Invictus Financial 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.
Invictus Financial Correlation With Market
Pay attention - limited upside
The correlation between Invictus Financial and DJI is -0.78 (i.e., Pay attention - limited upside) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Invictus Financial and DJI in the same portfolio, assuming nothing else is changed.
Invictus |
The ability to find closely correlated positions to Invictus Financial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Invictus Financial 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 Invictus Financial - 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 Invictus Financial to buy it.
Moving against Invictus Pink Sheet
| 0.9 | ADEA | ADEIA P | PairCorr |
| 0.85 | CMA | Comerica Incorporated | PairCorr |
| 0.85 | KRKNF | Kraken Robotics | PairCorr |
| 0.82 | NTRSO | Northern Trust | PairCorr |
| 0.8 | MFGCF | Mayfair Gold Corp | PairCorr |
| 0.78 | CING | Cingulate | PairCorr |
| 0.78 | INGR | Ingredion Incorporated | PairCorr |
| 0.76 | RHHVF | Roche Holding AG | PairCorr |
| 0.76 | VOD | Vodafone Group PLC | PairCorr |
| 0.75 | STRS | Stratus Properties | PairCorr |
| 0.74 | WLK | Westlake Chemical | PairCorr |
| 0.73 | SBYSF | Sibanye Stillwater | PairCorr |
| 0.71 | DAWN | Day One Biopharmaceu | PairCorr |
| 0.67 | LNN | Lindsay | PairCorr |
| 0.66 | GBOOY | Grupo Financiero Banorte | PairCorr |
| 0.6 | KT | KT Corporation | PairCorr |
| 0.52 | ANLDF | Anfield Resources | PairCorr |
| 0.46 | XYIGY | Xinyi Glass Holdings Upward Rally | PairCorr |
| 0.39 | AOIFF | Africa Oil Corp | PairCorr |
| 0.36 | ENB | Enbridge | PairCorr |
| 0.34 | AEMMY | A2A SpA ADR | PairCorr |
| 0.91 | TVFCF | Télévision Française | PairCorr |
| 0.84 | SBKO | Summit Bank Group | PairCorr |
| 0.82 | CLEGF | Coles Group | PairCorr |
| 0.78 | IFS | Intercorp Financial | PairCorr |
| 0.75 | BNL | Broadstone Net Lease | PairCorr |
| 0.74 | PNC | PNC Financial Services | PairCorr |
| 0.71 | VKQ | Invesco Municipal Trust | PairCorr |
| 0.67 | MEEEF | Metal Energy Corp | PairCorr |
| 0.67 | CCL | Carnival | PairCorr |
| 0.66 | TWMIF | Tidewater Midstream and Earnings Call This Week | PairCorr |
| 0.63 | MTZ | MasTec Inc | PairCorr |
| 0.62 | JNJ | Johnson Johnson | PairCorr |
| 0.61 | FLFG | Federal Life Group | PairCorr |
| 0.56 | TG | Tredegar | PairCorr |
| 0.55 | LTSK | Ladenburg Thalmann | 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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Invictus Pink Sheet performing well and Invictus Financial 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 Invictus Financial'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| QYBX | 5.09 | 0.95 | 0.07 | 0.54 | 5.51 | 16.67 | 63.46 | |||
| MNDP | 1.43 | 0.14 | 0.00 | (0.12) | 0.00 | 0.00 | 30.95 | |||
| CRVH | 5.10 | 0.02 | 0.00 | (0.58) | 7.06 | 16.00 | 50.44 | |||
| SVLT | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ICTY | 3.03 | (0.15) | 0.00 | (0.01) | 0.00 | 0.00 | 58.33 | |||
| BBLC | 25.56 | 9.22 | 0.32 | 2.33 | 16.68 | 100.43 | 310.29 | |||
| FKST | 24.61 | 10.97 | 0.00 | 2.89 | 0.00 | 13.64 | 464.17 | |||
| TFGL | 20.75 | 6.60 | 0.15 | (3.10) | 18.72 | 68.75 | 303.67 | |||
| NGCG | 8.69 | (0.89) | 0.00 | (0.21) | 0.00 | 33.33 | 150.00 | |||
| NIHL | 3.21 | (0.90) | 0.00 | (1.28) | 0.00 | 0.00 | 71.05 |
Be your own money manager
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