Imax Corp Correlations

Stocks . USA . 
Stock . Imax Corp
IMAX Stock  USD 27.14  0.21  0.77%   
The correlation of Imax 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.

Imax Corp Correlation With Market

Very good diversification

The correlation between Imax Corp and DJI is -0.27 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Imax Corp and DJI in the same portfolio, assuming nothing else is changed.
  
Build AI portfolio with Imax Stock
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Imax Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
For more information on how to buy Imax Stock please use our How to Invest in Imax Corp guide.

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Moving against Imax Stock

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Related Correlations Analysis

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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   
HAFN
+ 0.9
IPAR
TTC
+ 0.61
IPAR
HAFN
+ 0.55
TTC
EPC
+ 0.44
PG
IPAR
+ 0.37
GZITF
HAFN
+ 0.36
GZITF
  
High negative correlations   
EPC
- 0.77
IPAR
HAFN
- 0.74
EPC
EPC
- 0.65
GZITF
PG
- 0.38
GZITF
HAFN
- 0.32
PG
TTC
- 0.14
EPC

Risk-Adjusted Indicators

There is a big difference between Imax Stock performing well and Imax 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 Imax 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.

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