Impact BioMedical, Correlations

IBO Stock

USD 1.48 0.08 5.13%

The current 90-days correlation between Impact BioMedical, and Eagle Capital Growth is -0.17 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Impact BioMedical, moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Impact BioMedical, moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Impact BioMedical, Correlation With Market

Very good diversification

The correlation between Impact BioMedical, and DJI is -0.23 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Impact BioMedical, 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 Impact BioMedical,. 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.

To learn how to invest in Impact Stock, please use our How to Invest in Impact BioMedical, guide.

Moving together with Impact Stock

0.67

Laboratory

Pair Corr

Moving against Impact Stock

0.46	PFE	Pfizer Inc Earnings Call This Week	Pair Corr
0.41	AZN	AstraZeneca PLC ADR	Pair Corr
0.4	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.67	BA	Boeing Earnings Call This Week	Pair Corr
0.51	JPHLF	Japan Post Holdings	Pair Corr
0.43	IBM	International Business Earnings Call This Week	Pair Corr

Related Correlations Analysis

	IPB	GRF	NBO	NBW	ELLO
IPB		-0.2	0.39	0.31	-0.28	IPB
GRF	-0.2		-0.2	-0.34	-0.2	GRF
NBO	0.39	-0.2		0.72	-0.25	NBO
NBW	0.31	-0.34	0.72		-0.28	NBW
ELLO	-0.28	-0.2	-0.25	-0.28		ELLO
	IPB	GRF	NBO	NBW	ELLO

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

NBW	+ 0.72	NBO
NBO	+ 0.39	IPB
NBW	+ 0.31	IPB

High negative correlations

NBW	- 0.34	GRF
ELLO	- 0.28	NBW
ELLO	- 0.28	IPB
ELLO	- 0.25	NBO
ELLO	- 0.2	GRF
NBO	- 0.2	GRF

Risk-Adjusted Indicators

There is a big difference between Impact Stock performing well and Impact BioMedical, 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 Impact BioMedical,'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
IPB	1.42	(0.02)	0.00	(0.06)	0.00	0.00	3.09	(3.40)	9.37
GRF	1.56	(0.02)	0.00	0.18	0.00	0.00	4.06	(3.75)	12.36
NBO	0.53	0.00	(0.03)	0.33	0.73	(0.51)	0.87	(1.14)	3.54
NBW	0.41	0.01	(0.03)	0.45	0.50	(0.44)	0.74	(0.91)	2.53
ELLO	2.16	0.48	0.19	3.45	1.96	(2.76)	6.18	(4.01)	15.02

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC