Moving IMage Correlations

MITQ Stock

USD 0.60 0.01 1.64%

The current 90-days correlation between Moving iMage Technologies and Sanmina is -0.18 (i.e., Good diversification). The correlation of Moving IMage 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.

Moving IMage Correlation With Market

Very good diversification

The correlation between Moving iMage Technologies and DJI is -0.21 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Moving iMage Technologies and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Moving Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Moving iMage Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Moving against Moving Stock

0.31	OKTA	Okta Inc	Pair Corr
0.33	KO	Coca Cola	Pair Corr

Related Correlations Analysis

	SANM	MEI	OSIS	CLS	PLXS	CTS	LYTS	BELFA	BELFB
SANM		0.71	0.71	0.9	0.82	0.65	0.7	0.6	0.69	SANM
MEI	0.71		0.33	0.86	0.82	0.81	0.79	0.81	0.81	MEI
OSIS	0.71	0.33		0.54	0.5	0.22	0.18	0.09	0.28	OSIS
CLS	0.9	0.86	0.54		0.93	0.82	0.82	0.73	0.76	CLS
PLXS	0.82	0.82	0.5	0.93		0.87	0.79	0.73	0.76	PLXS
CTS	0.65	0.81	0.22	0.82	0.87		0.86	0.91	0.88	CTS
LYTS	0.7	0.79	0.18	0.82	0.79	0.86		0.89	0.84	LYTS
BELFA	0.6	0.81	0.09	0.73	0.73	0.91	0.89		0.96	BELFA
BELFB	0.69	0.81	0.28	0.76	0.76	0.88	0.84	0.96		BELFB
	SANM	MEI	OSIS	CLS	PLXS	CTS	LYTS	BELFA	BELFB

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Risk-Adjusted Indicators

There is a big difference between Moving Stock performing well and Moving IMage 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 Moving IMage'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
SANM	1.95	0.06	0.00	(0.04)	0.00	0.00	3.88	(3.24)	14.36
MEI	3.29	(0.28)	0.00	1.24	0.00	0.00	7.28	(6.73)	37.02
OSIS	2.13	0.27	0.08	0.15	3.05	(1.98)	5.09	(4.10)	14.33
CLS	4.22	(0.11)	0.00	1.20	0.00	0.00	7.24	(9.97)	25.99
PLXS	1.66	(0.06)	0.00	2.31	0.00	0.00	3.07	(3.27)	16.40
CTS	1.73	(0.08)	0.00	1.41	0.00	0.00	3.43	(3.56)	14.35
LYTS	1.97	(0.27)	0.00	(0.32)	0.00	0.00	3.58	(4.38)	15.52
BELFA	2.49	(0.02)	0.00	(0.10)	0.00	0.00	3.92	(5.60)	19.05
BELFB	2.57	0.11	0.00	(0.01)	0.00	0.00	4.95	(4.93)	21.09

Moving IMage Corporate Management

Thomas Lipiec	Senior Service	Profile
Jerry Rydt	Senior Sales	Profile
William Greene	Chief Officer	Profile
Michael CPA	Chief Officer	Profile

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