IBU Tec Correlations

IBU Stock

6.92 0.20 2.98%

The current 90-days correlation between IBU tec advanced and Apple Inc is 0.05 (i.e., Significant diversification). The correlation of IBU Tec 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.

IBU Tec Correlation With Market

Very good diversification

The correlation between IBU tec advanced materials and DJI is -0.34 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding IBU tec advanced materials and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to IBU Tec could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace IBU Tec 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 IBU Tec - 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 IBU tec advanced materials to buy it.

Moving together with IBU Stock

0.62	MSF	Microsoft	Pair Corr
0.63	MSF	Microsoft	Pair Corr
0.62	MSF	Microsoft	Pair Corr
0.62	MSF	Microsoft	Pair Corr
0.61	DBPE	Xtrackers LevDAX	Pair Corr

Moving against IBU Stock

0.57	DBPD	Xtrackers ShortDAX	Pair Corr
0.55	3HB	HYBRIGENICS A	Pair Corr

Related Correlations Analysis

	APC	APC	APC	APC	APC	APC	MSF	MSF	MSF	MSF
APC		0.97	0.97	0.96	0.96	0.96	0.03	-0.03	0.01	0.01	APC
APC	0.97		0.96	0.97	0.97	0.98	0.05	-0.01	0.05	0.05	APC
APC	0.97	0.96		0.94	0.95	0.95	-0.01	-0.06	-0.01	-0.01	APC
APC	0.96	0.97	0.94		0.97	0.97	0.03	-0.03	0.03	0.02	APC
APC	0.96	0.97	0.95	0.97		0.97	0.05	-0.01	0.05	0.05	APC
APC	0.96	0.98	0.95	0.97	0.97		0.03	-0.03	0.03	0.02	APC
MSF	0.03	0.05	-0.01	0.03	0.05	0.03		0.97	1.0	1.0	MSF
MSF	-0.03	-0.01	-0.06	-0.03	-0.01	-0.03	0.97		0.97	0.97	MSF
MSF	0.01	0.05	-0.01	0.03	0.05	0.03	1.0	0.97		1.0	MSF
MSF	0.01	0.05	-0.01	0.02	0.05	0.02	1.0	0.97	1.0		MSF
	APC	APC	APC	APC	APC	APC	MSF	MSF	MSF	MSF

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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

MSF	+ 1.0	MSF
MSF	+ 1.0	MSF
MSF	+ 1.0	MSF
APC	+ 0.98	APC
APC	+ 0.97	APC
APC	+ 0.97	APC

High negative correlations

MSF	- 0.06	APC
MSF	- 0.03	APC
MSF	- 0.03	APC
MSF	- 0.03	APC
MSF	- 0.01	APC
MSF	- 0.01	APC

Risk-Adjusted Indicators

There is a big difference between IBU Stock performing well and IBU Tec 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 IBU Tec'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
APC	1.49	0.28	(0.03)	(0.53)	1.42	(1.88)	3.50	(3.27)	12.23
APC	1.68	0.44	0.02	(0.37)	1.76	(2.03)	3.73	(2.87)	24.87
APC	1.46	0.29	(0.05)	(0.24)	1.68	(1.60)	3.99	(2.73)	15.42
APC	1.54	0.42	0.01	(0.37)	1.64	(1.83)	3.78	(3.17)	22.77
APC	1.55	0.44	0.01	(0.35)	1.75	(1.85)	3.53	(2.90)	24.69
APC	1.65	0.37	0.00	(0.37)	1.83	(1.93)	3.28	(2.76)	21.70
MSF	1.18	0.48	0.15	(1.85)	0.78	(1.39)	3.83	(1.57)	13.45
MSF	1.34	0.18	0.12	0.40	1.23	(1.53)	3.59	(1.45)	16.30
MSF	1.22	0.52	0.11	(1.02)	1.21	(1.43)	3.32	(1.75)	14.61
MSF	1.24	0.52	0.10	(0.89)	1.36	(1.48)	3.06	(1.38)	13.51

Be your own money manager

Our tools can tell you how much better you can do entering a position in IBU Tec 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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