International Business Correlations

IBM Stock

USD 244.57 1.64 0.67%

The current 90-days correlation between International Business and Fiserv, is -0.12 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as International Business moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if International Business Machines moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

International Business Correlation With Market

Weak diversification

The correlation between International Business Machine and DJI is 0.32 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding International Business Machine and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in International Business Machines. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

Moving together with International Stock

0.83	FI	Fiserv,	Pair Corr
0.86	VNET	VNET Group DRC	Pair Corr
0.79	IBEX	IBEX	Pair Corr

Moving against International Stock

0.71	VEEA	Veea Inc Symbol Change	Pair Corr
0.61	FIS	Fidelity National	Pair Corr
0.58	DMRC	Digimarc	Pair Corr
0.55	DTST	Data Storage Corp Tech Boost	Pair Corr
0.39	GLE	Global Engine Group Tech Boost	Pair Corr
0.8	PSN	Parsons Corp	Pair Corr
0.78	LDOS	Leidos Holdings	Pair Corr
0.62	VYX	NCR Voyix Buyout Trend	Pair Corr
0.59	WYY	Widepoint C	Pair Corr
0.54	XRX	Xerox Corp	Pair Corr
0.53	NTRP	NextTrip Trending	Pair Corr
0.48	INFY	Infosys Ltd ADR	Pair Corr
0.48	VEEAW	Veea Inc Symbol Change	Pair Corr
0.45	UIS	Unisys Tech Boost	Pair Corr
0.41	GLOB	Globant SA	Pair Corr

Related Correlations Analysis

	FI	IT	JZ	KD	DMRC	VEEA	DTST	SAIHW	VNET	EPAM
FI		0.0	0.47	0.36	-0.47	-0.61	-0.45	0.09	0.83	-0.1	FI
IT	0.0		-0.42	0.76	0.7	0.58	0.64	0.37	-0.13	0.86	IT
JZ	0.47	-0.42		-0.21	-0.5	-0.55	-0.46	0.0	0.54	-0.47	JZ
KD	0.36	0.76	-0.21		0.48	0.29	0.45	0.21	0.2	0.7	KD
DMRC	-0.47	0.7	-0.5	0.48		0.95	0.91	0.05	-0.63	0.81	DMRC
VEEA	-0.61	0.58	-0.55	0.29	0.95		0.85	-0.06	-0.78	0.75	VEEA
DTST	-0.45	0.64	-0.46	0.45	0.91	0.85		0.17	-0.61	0.71	DTST
SAIHW	0.09	0.37	0.0	0.21	0.05	-0.06	0.17		0.15	0.04	SAIHW
VNET	0.83	-0.13	0.54	0.2	-0.63	-0.78	-0.61	0.15		-0.33	VNET
EPAM	-0.1	0.86	-0.47	0.7	0.81	0.75	0.71	0.04	-0.33		EPAM
	FI	IT	JZ	KD	DMRC	VEEA	DTST	SAIHW	VNET	EPAM

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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

VEEA	+ 0.95	DMRC
DTST	+ 0.91	DMRC
EPAM	+ 0.86	IT
DTST	+ 0.85	VEEA
VNET	+ 0.83	FI
EPAM	+ 0.81	DMRC

High negative correlations

VNET	- 0.78	VEEA
VNET	- 0.63	DMRC
VNET	- 0.61	DTST
VEEA	- 0.61	FI
VEEA	- 0.55	JZ
DMRC	- 0.5	JZ

Risk-Adjusted Indicators

There is a big difference between International Stock performing well and International Business 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 Business' 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
FI	1.08	0.14	0.11	(1.09)	1.45	(1.08)	2.05	(1.67)	12.98
IT	1.15	(0.16)	0.00	(0.18)	0.00	0.00	1.93	(2.49)	8.91
JZ	5.28	0.43	0.07	(0.60)	5.48	(6.91)	12.79	(10.10)	33.59
KD	1.90	(0.03)	0.00	(0.04)	0.00	0.00	4.50	(3.56)	13.50
DMRC	3.71	(1.21)	0.00	0.83	0.00	0.00	6.24	(6.56)	59.53
VEEA	3.83	(1.03)	0.00	7.46	0.00	0.00	7.75	(9.65)	28.40
DTST	2.82	(0.11)	0.00	(1.21)	0.00	0.00	4.96	(5.48)	19.95
SAIHW	19.91	4.87	0.21	(0.78)	16.10	(34.41)	50.00	(36.36)	219.15
VNET	5.45	1.65	0.27	1.17	5.43	(6.28)	13.44	(8.91)	32.65
EPAM	1.59	(0.46)	0.00	(0.32)	0.00	0.00	2.70	(4.75)	17.00

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