Infinitt Healthcare Correlations

071200 Stock

5,000 30.00 0.60%

The current 90-days correlation between Infinitt Healthcare and Hanjin Transportation Co is 0.35 (i.e., Weak diversification). The correlation of Infinitt Healthcare 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.

Infinitt Healthcare Correlation With Market

Good diversification

The correlation between Infinitt Healthcare Co and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Infinitt Healthcare Co and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Infinitt Healthcare could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Infinitt Healthcare 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 Infinitt Healthcare - 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 Infinitt Healthcare Co to buy it.

Moving against Infinitt Stock

0.7	215480	Daewoo SBI SPAC	Pair Corr
0.6	203650	Dream Security co	Pair Corr

Related Correlations Analysis

	002320	020560	078600	046890	293490	038110	298050	166090
002320		0.68	0.68	-0.13	-0.79	0.63	0.51	0.59	002320
020560	0.68		0.77	-0.24	-0.54	0.64	0.51	0.5	020560
078600	0.68	0.77		-0.23	-0.57	0.76	0.61	0.68	078600
046890	-0.13	-0.24	-0.23		0.4	-0.22	-0.01	-0.57	046890
293490	-0.79	-0.54	-0.57	0.4		-0.45	-0.23	-0.56	293490
038110	0.63	0.64	0.76	-0.22	-0.45		0.78	0.64	038110
298050	0.51	0.51	0.61	-0.01	-0.23	0.78		0.52	298050
166090	0.59	0.5	0.68	-0.57	-0.56	0.64	0.52		166090
	002320	020560	078600	046890	293490	038110	298050	166090

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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

298050	+ 0.78	038110
078600	+ 0.77	020560
038110	+ 0.76	078600
020560	+ 0.68	002320
078600	+ 0.68	002320
166090	+ 0.68	078600

High negative correlations

293490	- 0.79	002320
166090	- 0.57	046890
293490	- 0.57	078600
166090	- 0.56	293490
293490	- 0.54	020560
038110	- 0.45	293490

Risk-Adjusted Indicators

There is a big difference between Infinitt Stock performing well and Infinitt Healthcare 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 Infinitt Healthcare'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
002320	0.49	0.07	0.10	(0.58)	0.55	(0.53)	1.13	(1.06)	3.46
020560	1.02	0.03	0.03	0.08	1.15	(1.17)	2.17	(1.93)	5.62
078600	2.90	0.33	0.10	0.30	2.95	(3.43)	6.46	(4.06)	27.80
046890	1.19	(0.12)	0.00	(0.31)	0.00	0.00	2.13	(2.67)	7.75
293490	1.79	(0.18)	0.00	1.05	0.00	0.00	2.15	(3.67)	25.94
038110	1.57	0.21	0.10	0.30	1.56	(1.83)	3.63	(2.64)	9.10
298050	1.84	0.08	0.04	0.09	1.95	(2.18)	4.07	(3.27)	17.70
166090	3.39	0.64	0.16	0.44	3.30	(3.90)	9.02	(6.49)	23.83

Be your own money manager

Our tools can tell you how much better you can do entering a position in Infinitt Healthcare 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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