International Public Correlations

INPP Stock

125.40 1.60 1.29%

The current 90-days correlation between International Public and Lendinvest PLC is 0.12 (i.e., Average diversification). The correlation of International Public 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.

International Public Correlation With Market

Good diversification

The correlation between International Public Partnersh and DJI is -0.16 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding International Public Partnersh and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to International Public 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 Public 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 Public - 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 Public Partnership to buy it.

Moving together with International Stock

0.73	0QKN	Chocoladefabriken Lindt Earnings Call Today	Pair Corr
0.84	0QP1	Chocoladefabriken Lindt Earnings Call Today	Pair Corr
0.61	RKW	Rockwood Realisation PLC	Pair Corr
0.7	49GP	Croda International Plc Earnings Call This Week	Pair Corr

Moving against International Stock

0.48	NBS	Nationwide Building	Pair Corr
0.44	SLPE	SL Private Equity	Pair Corr
0.39	TYT	Toyota Motor Corp	Pair Corr

Related Correlations Analysis

	0KU1	0N7I	LINV	TFG	MTRO	0LC3	0Q1S	0HW4
0KU1		-0.1	0.81	0.73	0.88	0.92	-0.45	0.5	0KU1
0N7I	-0.1		-0.28	-0.55	-0.01	-0.16	0.37	0.48	0N7I
LINV	0.81	-0.28		0.86	0.89	0.89	-0.52	0.27	LINV
TFG	0.73	-0.55	0.86		0.76	0.81	-0.7	0.07	TFG
MTRO	0.88	-0.01	0.89	0.76		0.93	-0.56	0.52	MTRO
0LC3	0.92	-0.16	0.89	0.81	0.93		-0.53	0.53	0LC3
0Q1S	-0.45	0.37	-0.52	-0.7	-0.56	-0.53		-0.07	0Q1S
0HW4	0.5	0.48	0.27	0.07	0.52	0.53	-0.07		0HW4
	0KU1	0N7I	LINV	TFG	MTRO	0LC3	0Q1S	0HW4

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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

0LC3	+ 0.93	MTRO
0LC3	+ 0.92	0KU1
MTRO	+ 0.89	LINV
0LC3	+ 0.89	LINV
MTRO	+ 0.88	0KU1
TFG	+ 0.86	LINV

High negative correlations

0Q1S	- 0.7	TFG
0Q1S	- 0.56	MTRO
TFG	- 0.55	0N7I
0Q1S	- 0.53	0LC3
0Q1S	- 0.52	LINV
0Q1S	- 0.45	0KU1

Risk-Adjusted Indicators

There is a big difference between International Stock performing well and International Public 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 Public'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
0KU1	1.34	0.22	0.09	0.60	1.55	(1.55)	3.07	(2.12)	9.35
0N7I	1.09	(0.09)	0.00	(0.10)	0.00	0.00	3.46	(2.15)	10.89
LINV	1.42	0.78	0.00	(7.50)	0.00	0.00	5.80	0.00	10.82
TFG	0.85	0.43	0.14	(1.21)	0.57	(1.38)	3.39	(0.75)	7.37
MTRO	1.80	0.51	0.23	2.54	1.34	(2.21)	3.97	(2.57)	21.93
0LC3	1.66	0.48	0.36	0.50	1.04	(2.13)	4.04	(2.00)	12.19
0Q1S	0.97	(0.03)	0.00	(2.32)	0.00	0.00	2.24	(1.70)	4.98
0HW4	1.57	0.18	0.05	0.64	1.68	(1.67)	3.30	(2.76)	13.48

Be your own money manager

Our tools can tell you how much better you can do entering a position in International Public 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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