International Business Correlations
| IBM Stock | 43.20 0.60 1.41% |
The current 90-days correlation between International Business and Manulife Financial Corp is 0.12 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as International Business moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if International Business Machines moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
International |
The ability to find closely correlated positions to International Business could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace International Business 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 International Business - 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 International Business Machines to buy it.
Moving together with International Stock
| 0.95 | FFH | Fairfax Financial | PairCorr |
| 0.66 | IFC | Intact Financial | PairCorr |
| 0.81 | WSP | WSP Global | PairCorr |
| 0.77 | TRI | Thomson Reuters Corp | PairCorr |
| 0.93 | MXG | Maxim Power Corp | PairCorr |
| 0.82 | RKV | Rakovina Therapeutics Split | PairCorr |
| 0.8 | CNQ | Canadian Natural Res | PairCorr |
| 0.82 | KEG-UN | Keg Royalties | PairCorr |
| 0.71 | CBA | Champion Bear Resources | PairCorr |
| 0.89 | PWF-PZ | Power Financial Corp | PairCorr |
| 0.74 | RCI-A | Rogers Communications Earnings Call This Week | PairCorr |
| 0.8 | MUR | Murchison Minerals Split | PairCorr |
| 0.85 | AUAU | Allegiant Gold Earnings Call This Week | PairCorr |
Moving against International Stock
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
|
Risk-Adjusted Indicators
There is a big difference between International Stock performing well and International Business 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 International Business' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| IAG | 0.79 | 0.19 | 0.08 | 2.11 | 0.75 | 1.53 | 5.65 | |||
| QRC | 1.23 | 0.29 | 0.11 | 2.63 | 1.00 | 3.65 | 13.59 | |||
| ELF-PF | 0.36 | 0.13 | 0.01 | 1.46 | 0.00 | 1.06 | 2.26 | |||
| CM-PS | 0.22 | 0.05 | (0.26) | 1.88 | 0.00 | 0.56 | 1.37 | |||
| MFC-PP | 0.64 | 0.24 | 0.17 | 0.98 | 0.00 | 2.78 | 7.62 | |||
| AVGO | 1.66 | 0.63 | 0.32 | 1.16 | 1.19 | 4.47 | 11.97 | |||
| ELF-PG | 0.33 | 0.10 | (0.07) | (1.37) | 0.00 | 0.96 | 3.09 | |||
| AVX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in International Business 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.Did you try this?
Run Portfolio Holdings Now
Portfolio HoldingsCheck your current holdings and cash postion to detemine if your portfolio needs rebalancing |
| All Next | Launch Module |
International Business Corporate Management
Elected by the shareholders, the International Business' board of directors comprises two types of representatives: International Business inside directors who are chosen from within the company, and outside directors, selected externally and held independent of International. The board's role is to monitor International Business' management team and ensure that shareholders' interests are well served. International Business' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, International Business' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Thomas Rosamilia | VP Software | Profile | |
| Bernard Meyerson | Chief Emeritus | Profile | |
| Nickle LaMoreaux | Senior Officer | Profile | |
| Kareem Yusuf | Senior Software | Profile | |
| James Kavanaugh | CFO Operations | Profile | |
| Kathryn Guarini | Chief Officer | Profile | |
| Alexander Stern | MA, Strategy | Profile |