Inhome Prime Correlations

YIPP Stock

11.70 0.00 0.00%

The current 90-days correlation between Inhome Prime Properties and Airbus Group SE is 0.01 (i.e., Significant diversification). The correlation of Inhome Prime 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.

Inhome Prime Correlation With Market

Significant diversification

The correlation between Inhome Prime Properties and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Inhome Prime Properties and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Inhome Stock

0.67	AIR	Airbus Group SE	Pair Corr
0.77	XPBRA	Petroleo Brasileiro	Pair Corr
0.63	BBVA	Banco Bilbao Vizcaya Earnings Call This Week	Pair Corr
0.66	SAB	Banco de Sabadell	Pair Corr
0.62	YAI1	All Iron Re	Pair Corr
0.67	IDR	Indra A	Pair Corr

Moving against Inhome Stock

0.77	XVALO	Vale SA	Pair Corr
0.74	CLNX	Cellnex Telecom SA	Pair Corr
0.65	ITX	Industria de Diseno	Pair Corr

Related Correlations Analysis

	AIR	ITX	XVALO	IBE	XPBRA	SAN	BBVA	CABK	CLNX
AIR		-0.45	-0.8	-0.36	0.66	0.37	0.69	-0.12	-0.59	AIR
ITX	-0.45		0.65	0.54	-0.56	-0.11	-0.45	-0.12	0.77	ITX
XVALO	-0.8	0.65		0.48	-0.76	-0.17	-0.59	0.16	0.78	XVALO
IBE	-0.36	0.54	0.48		-0.28	0.05	-0.12	0.13	0.56	IBE
XPBRA	0.66	-0.56	-0.76	-0.28		0.21	0.59	-0.09	-0.66	XPBRA
SAN	0.37	-0.11	-0.17	0.05	0.21		0.8	0.56	-0.07	SAN
BBVA	0.69	-0.45	-0.59	-0.12	0.59	0.8		0.47	-0.54	BBVA
CABK	-0.12	-0.12	0.16	0.13	-0.09	0.56	0.47		-0.14	CABK
CLNX	-0.59	0.77	0.78	0.56	-0.66	-0.07	-0.54	-0.14		CLNX
	AIR	ITX	XVALO	IBE	XPBRA	SAN	BBVA	CABK	CLNX

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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

BBVA	+ 0.8	SAN
CLNX	+ 0.78	XVALO
CLNX	+ 0.77	ITX
BBVA	+ 0.69	AIR
XPBRA	+ 0.66	AIR
XVALO	+ 0.65	ITX

High negative correlations

XVALO	- 0.8	AIR
XPBRA	- 0.76	XVALO
CLNX	- 0.66	XPBRA
BBVA	- 0.59	XVALO
CLNX	- 0.59	AIR
XPBRA	- 0.56	ITX

Risk-Adjusted Indicators

There is a big difference between Inhome Stock performing well and Inhome Prime 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 Inhome Prime'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
AIR	1.05	0.27	0.20	1.48	0.91	(1.23)	2.75	(1.76)	6.70
ITX	1.08	(0.17)	0.00	2.39	0.00	0.00	2.04	(2.45)	9.42
XVALO	1.16	(0.21)	0.00	(0.50)	0.00	0.00	3.23	(2.68)	11.94
IBE	0.69	(0.08)	0.00	0.45	0.00	0.00	1.31	(1.42)	5.69
XPBRA	9.90	2.63	0.17	5.48	11.28	(12.75)	68.70	(40.62)	112.01
SAN	1.22	0.13	0.05	(0.79)	1.75	(1.29)	2.49	(3.09)	9.19
BBVA	1.26	0.19	0.08	(0.80)	1.88	(1.20)	3.19	(2.56)	9.61
CABK	1.29	0.09	0.03	(0.16)	2.02	(1.18)	2.50	(2.49)	8.14
CLNX	1.36	(0.20)	0.00	(0.68)	0.00	0.00	2.52	(2.66)	6.49

Inhome Prime Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Inhome Prime stock to make a market-neutral strategy. Peer analysis of Inhome Prime could also be used in its relative valuation, which is a method of valuing Inhome Prime by comparing valuation metrics with similar companies.

Airbus Group SE Industria de Diseno Vale SA Iberdrola SA Petroleo Brasileiro SA Banco Santander Banco Bilbao Vizcaya Caixabank SA Cellnex Telecom SA American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne

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