IConsumer Corp Correlations

RWRDP Stock

USD 0.0003 0.0001 50.00%

The current 90-days correlation between iConsumer Corp and Reeltime Rentals is 0.01 (i.e., Significant diversification). The correlation of IConsumer Corp 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.

IConsumer Corp Correlation With Market

Significant diversification

The correlation between iConsumer Corp and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iConsumer Corp and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to IConsumer Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace IConsumer Corp 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 IConsumer Corp - 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 iConsumer Corp to buy it.

Moving together with IConsumer Pink Sheet

0.61	META	Meta Platforms	Pair Corr
0.61	TCEHY	Tencent Holdings	Pair Corr
0.66	DASH	DoorDash, Class A Sell-off Trend	Pair Corr
0.62	BAIDF	Baidu Inc	Pair Corr
0.69	BIDU	Baidu Inc	Pair Corr
0.69	GRAB	Grab Holdings Aggressive Push	Pair Corr
0.71	AUR	Aurora Innovation	Pair Corr

Moving against IConsumer Pink Sheet

0.75	F	Ford Motor	Pair Corr
0.71	GOOG	Alphabet Class C Sell-off Trend	Pair Corr
0.76	APGE	Apogee Therapeutics,	Pair Corr
0.71	GM	General Motors	Pair Corr
0.68	PII	Polaris Industries	Pair Corr
0.64	HE	Hawaiian Electric	Pair Corr
0.58	HMDCF	HUTCHMED Limited	Pair Corr
0.48	INFY	Infosys Ltd ADR	Pair Corr
0.47	AKAM	Akamai Technologies	Pair Corr
0.47	NOEM	CO2 Energy Transition	Pair Corr
0.44	KODK	Eastman Kodak	Pair Corr
0.32	RIVN	Rivian Automotive Sell-off Trend	Pair Corr
0.32	DDS	Dillards,	Pair Corr
0.31	PHAR	Pharming Group NV	Pair Corr
0.89	STAG	STAG Industrial	Pair Corr
0.84	KYOCF	Kyocera	Pair Corr
0.79	CHACR	Crane Harbor Acquisition	Pair Corr
0.75	ADC	Agree Realty	Pair Corr

Related Correlations Analysis

	RLTR	BOTY	ABWN	GFMH	SBSAA	ILIM	RBDC	WRIT
RLTR		-0.22	0.0	0.41	0.06	-0.16	0.0	-0.18	RLTR
BOTY	-0.22		0.0	-0.19	0.04	0.09	0.0	0.34	BOTY
ABWN	0.0	0.0		0.0	0.0	0.0	1.0	0.0	ABWN
GFMH	0.41	-0.19	0.0		-0.18	-0.09	0.0	-0.21	GFMH
SBSAA	0.06	0.04	0.0	-0.18		-0.03	0.0	0.23	SBSAA
ILIM	-0.16	0.09	0.0	-0.09	-0.03		0.0	-0.03	ILIM
RBDC	0.0	0.0	1.0	0.0	0.0	0.0		0.0	RBDC
WRIT	-0.18	0.34	0.0	-0.21	0.23	-0.03	0.0		WRIT
	RLTR	BOTY	ABWN	GFMH	SBSAA	ILIM	RBDC	WRIT

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

RBDC	+ 1.0	ABWN
GFMH	+ 0.41	RLTR
WRIT	+ 0.34	BOTY
WRIT	+ 0.23	SBSAA
ILIM	+ 0.09	BOTY
SBSAA	+ 0.06	RLTR

High negative correlations

BOTY	- 0.22	RLTR
WRIT	- 0.21	GFMH
GFMH	- 0.19	BOTY
SBSAA	- 0.18	GFMH
WRIT	- 0.18	RLTR
ILIM	- 0.16	RLTR

Risk-Adjusted Indicators

There is a big difference between IConsumer Pink Sheet performing well and IConsumer Corp 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 IConsumer Corp'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
RLTR	9.43	1.35	0.09	(0.86)	10.05	(13.72)	26.25	(20.22)	76.38
BOTY	14.58	4.48	0.00	(0.32)	0.00	0.00	100.00	(50.00)	150.00
ABWN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
GFMH	2.39	0.17	0.00	(0.02)	0.00	0.00	0.00	0.00	83.33
SBSAA	35.74	13.47	0.30	2.98	20.19	(120.98)	150.00	(65.00)	420.83
ILIM	3.53	(0.05)	0.00	0.04	0.00	0.00	0.00	(20.00)	86.67
RBDC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
WRIT	13.56	4.17	0.18	(0.57)	10.59	(41.08)	46.15	(25.00)	211.49

Be your own money manager

Our tools can tell you how much better you can do entering a position in IConsumer Corp without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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