Interpublic Group Correlations

IPG Stock

USD 26.12 0.43 1.62%

The current 90-days correlation between Interpublic Group and Omnicom Group is 1.0 (i.e., No risk reduction). The correlation of Interpublic Group 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.

Interpublic Group Correlation With Market

Significant diversification

The correlation between Interpublic Group of 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 Interpublic Group of and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Interpublic Stock

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Interpublic Group of. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in producer price index.

Moving together with Interpublic Stock

0.66	003010	Guangzhou Ruoyuchen Split	Pair Corr
0.66	WHLRD	Wheeler Real Estate	Pair Corr
0.74	AMH-PH	American Homes 4	Pair Corr
0.71	TERN	Terns Pharmaceuticals	Pair Corr
0.68	SOHVY	Sumitomo Heavy Industries	Pair Corr
0.69	SWKHL	SWK Holdings	Pair Corr

Moving against Interpublic Stock

0.82	INTJ	Intelligent Group	Pair Corr
0.71	VERTOZ	Vertoz Advertising	Pair Corr
0.71	OML	OohMedia Earnings Call This Week	Pair Corr
0.63	MIRI	Mirriad Advertising PLC	Pair Corr
0.58	10554TAE5	BRASKM 5875 31	Pair Corr
0.54	300987	Sichuan Newsnet Media	Pair Corr
0.47	MCHX	Marchex	Pair Corr
0.47	CNCK	Coincheck Group NV	Pair Corr
0.43	NCMI	National CineMedia	Pair Corr
0.43	002712	Simei Media	Pair Corr
0.35	603598	Inly Media	Pair Corr

Related Correlations Analysis

	OMC	IAS	DLX	CRTO	WPP	IFF	NWSA	RHI	MAS
OMC		0.5	0.78	-0.34	-0.35	-0.49	0.01	-0.38	0.65	OMC
IAS	0.5		0.49	-0.36	-0.58	-0.67	-0.3	-0.38	0.13	IAS
DLX	0.78	0.49		-0.25	-0.61	-0.68	0.15	-0.58	0.83	DLX
CRTO	-0.34	-0.36	-0.25		0.5	0.35	0.1	0.45	0.08	CRTO
WPP	-0.35	-0.58	-0.61	0.5		0.71	-0.09	0.85	-0.34	WPP
IFF	-0.49	-0.67	-0.68	0.35	0.71		0.15	0.71	-0.49	IFF
NWSA	0.01	-0.3	0.15	0.1	-0.09	0.15		-0.08	0.3	NWSA
RHI	-0.38	-0.38	-0.58	0.45	0.85	0.71	-0.08		-0.46	RHI
MAS	0.65	0.13	0.83	0.08	-0.34	-0.49	0.3	-0.46		MAS
	OMC	IAS	DLX	CRTO	WPP	IFF	NWSA	RHI	MAS

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

RHI	+ 0.85	WPP
MAS	+ 0.83	DLX
DLX	+ 0.78	OMC
IFF	+ 0.71	WPP
RHI	+ 0.71	IFF
MAS	+ 0.65	OMC

High negative correlations

IFF	- 0.68	DLX
IFF	- 0.67	IAS
WPP	- 0.61	DLX
RHI	- 0.58	DLX
WPP	- 0.58	IAS
MAS	- 0.49	IFF

Risk-Adjusted Indicators

There is a big difference between Interpublic Stock performing well and Interpublic Group 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 Interpublic Group'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
OMC	1.45	0.12	0.06	1.20	1.56	(1.73)	3.54	(2.55)	11.83
IAS	1.88	0.40	0.21	0.38	1.46	(2.36)	3.18	(3.34)	21.04
DLX	1.65	0.22	0.13	(8.94)	1.36	(2.25)	3.16	(2.41)	22.25
CRTO	1.58	(0.25)	0.00	0.37	0.00	0.00	2.34	(3.27)	11.24
WPP	1.39	(0.33)	0.00	(1.53)	0.00	0.00	2.54	(4.50)	9.68
IFF	1.23	(0.36)	0.00	(0.26)	0.00	0.00	1.70	(2.91)	7.60
NWSA	1.12	(0.24)	0.00	(0.17)	0.00	0.00	2.26	(2.35)	8.52
RHI	1.65	(0.34)	0.00	0.68	0.00	0.00	3.38	(3.44)	9.09
MAS	1.22	0.02	0.00	(0.22)	1.24	(1.58)	3.35	(2.24)	7.92

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