IConsumer Corp Correlations
| RWRDP Stock | USD 0.0003 0.00 0.00% |
The current 90-days correlation between iConsumer Corp and Ecom Products Group is -0.02 (i.e., Good 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
Poor diversification
The correlation between iConsumer Corp and DJI is 0.79 (i.e., Poor 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.
IConsumer |
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
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| 0.84 | BIDU | Baidu Inc | PairCorr |
| 0.8 | BAIDF | Baidu Inc | PairCorr |
| 0.64 | WMT | Walmart Common Stock Aggressive Push | PairCorr |
| 0.77 | DD | Dupont De Nemours Earnings Call This Week | PairCorr |
| 0.71 | CAT | Caterpillar | PairCorr |
| 0.9 | AA | Alcoa Corp | PairCorr |
| 0.66 | INTC | Intel Aggressive Push | PairCorr |
| 0.78 | MRK | Merck Company Aggressive Push | PairCorr |
Moving against IConsumer Pink Sheet
| 0.76 | FSTF | First State Financial | PairCorr |
| 0.57 | PROSF | Prosus | PairCorr |
| 0.54 | ERHE | ERHC Energy | PairCorr |
| 0.5 | PROSY | Prosus NV ADR | PairCorr |
| 0.42 | MMM | 3M Company | PairCorr |
| 0.37 | TCEHY | Tencent Holdings | PairCorr |
| 0.59 | MSFT | Microsoft | PairCorr |
| 0.33 | IBM | International Business | 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 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| DELCF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| QNXC | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| NBDR | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| STCO | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| IFLM | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| EPGC | 1.49 | 0.77 | 0.00 | (2.21) | 0.00 | 0.00 | 50.00 | |||
| PSYC | 20.25 | 4.60 | 0.08 | (5.73) | 18.44 | 100.00 | 150.00 | |||
| CWIR | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| HUTN | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| WTKN | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Be your own money manager
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