Infrared Cameras Correlations

Infrared Cameras Correlation With Market

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Infrared Cameras Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

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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    MGA + 0.93 GNTX BWA + 0.93 GNTX BWA + 0.91 MGA ADNT + 0.86 MGA BWA + 0.83 ADNT ADNT + 0.8 MPX

High negative correlations    EDTK - 0.43 MPX EDTK - 0.31 GNTX STRA - 0.3 GNTX EDTK - 0.27 BWA EDTK - 0.24 MGA EDTK - 0.18 ADNT

Risk-Adjusted Indicators

There is a big difference between Infrared Stock performing well and Infrared Cameras 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 Infrared Cameras' 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.