Infrared Cameras Correlations

MSAI Stock

0.78 0.02 2.63%

The current 90-days correlation between Infrared Cameras Holdings and FMC Corporation is -0.07 (i.e., Good diversification). The correlation of Infrared Cameras 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.

Infrared Cameras Correlation With Market

Average diversification

The correlation between Infrared Cameras Holdings and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Infrared Cameras Holdings and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Infrared Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Infrared Cameras Holdings. 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.

Moving together with Infrared Stock

0.66

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Pair Corr

Moving against Infrared Stock

0.72	ZS	Zscaler	Pair Corr
0.67	BB	BlackBerry	Pair Corr
0.59	VRNS	Varonis Systems	Pair Corr
0.58	MQ	Marqeta	Pair Corr
0.57	NN	Nextnav Acquisition Corp	Pair Corr
0.55	JG	Aurora Mobile	Pair Corr
0.44	VRSN	VeriSign Earnings Call This Week	Pair Corr
0.43	DLO	Dlocal	Pair Corr
0.41	FLYW	Flywire Corp	Pair Corr
0.4	DOX	Amdocs	Pair Corr
0.37	BOX	Box Inc	Pair Corr
0.36	VRNT	Verint Systems	Pair Corr
0.36	FAAS	DigiAsia Corp	Pair Corr
0.33	AI	C3 Ai Inc	Pair Corr
0.7	YEXT	Yext Inc	Pair Corr
0.66	GRRR	Gorilla Technology Downward Rally	Pair Corr
0.64	INFA	Informatica	Pair Corr
0.62	NET	Cloudflare	Pair Corr
0.56	MDB	MongoDB	Pair Corr
0.55	OLB	OLB Group	Pair Corr
0.55	ZETA	Zeta Global Holdings	Pair Corr
0.54	PGY	Pagaya Technologies Trending	Pair Corr
0.52	TLS	Telos Corp	Pair Corr
0.48	TCX	Tucows Inc	Pair Corr
0.47	GEN	Gen Digital	Pair Corr

Related Correlations Analysis

	FMC	MOD	PRIM	CECO	IRDM	EMR	GFF	KVHI
FMC		0.35	0.62	0.53	0.68	0.73	0.45	0.63	FMC
MOD	0.35		0.78	0.79	0.59	0.71	0.5	0.59	MOD
PRIM	0.62	0.78		0.94	0.9	0.97	0.79	0.73	PRIM
CECO	0.53	0.79	0.94		0.85	0.92	0.63	0.77	CECO
IRDM	0.68	0.59	0.9	0.85		0.94	0.79	0.64	IRDM
EMR	0.73	0.71	0.97	0.92	0.94		0.74	0.78	EMR
GFF	0.45	0.5	0.79	0.63	0.79	0.74		0.35	GFF
KVHI	0.63	0.59	0.73	0.77	0.64	0.78	0.35		KVHI
	FMC	MOD	PRIM	CECO	IRDM	EMR	GFF	KVHI

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Risk-Adjusted Indicators

There is a big difference between Infrared Stock performing well and Infrared Cameras 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 Infrared Cameras' 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
FMC	1.83	0.08	0.04	0.21	2.18	(2.24)	4.44	(3.30)	12.01
MOD	2.32	0.12	0.08	0.19	3.19	(2.52)	6.57	(4.44)	18.74
PRIM	1.88	0.51	0.23	0.57	1.81	(2.16)	3.82	(2.94)	14.43
CECO	2.36	0.50	0.24	0.43	1.94	(2.86)	5.59	(3.76)	20.71
IRDM	1.66	0.49	0.16	(1.23)	1.72	(1.95)	4.30	(2.41)	11.68
EMR	1.10	0.39	0.38	0.46	0.50	(1.34)	2.92	(1.33)	7.65
GFF	1.53	0.20	0.01	(0.47)	1.86	(1.61)	3.12	(3.31)	10.17
KVHI	1.18	0.15	0.01	8.00	1.22	(1.55)	4.32	(2.21)	9.24

Infrared Cameras Corporate Management

CFA MBA	Chief Officer	Profile
Jeffrey Guida	Chief Officer	Profile
Robert Nadolny	Chief Officer	Profile
David Block	Chief Officer	Profile

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