Ibstock PLC Correlations

IBST Stock

174.80 2.40 1.35%

The current 90-days correlation between Ibstock PLC and Ferrexpo PLC is 0.21 (i.e., Modest diversification). The correlation of Ibstock PLC 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.

Ibstock PLC Correlation With Market

Good diversification

The correlation between Ibstock PLC and DJI is -0.17 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ibstock PLC and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Ibstock Stock

0.61

MTL

Metals Exploration Plc

Pair Corr

Moving against Ibstock Stock

0.54	TYT	Toyota Motor Corp	Pair Corr
0.46	AMRQ	Amaroq Minerals	Pair Corr
0.41	0R15	SoftBank Group Corp	Pair Corr
0.32	FXPO	Ferrexpo PLC	Pair Corr

Related Correlations Analysis

	0QPS	ANTO	FXPO	ATYM	AMRQ	CAML	AAZ	MTL
0QPS		0.85	-0.78	0.8	-0.48	0.88	0.43	-0.18	0QPS
ANTO	0.85		-0.76	0.86	-0.66	0.96	0.35	-0.15	ANTO
FXPO	-0.78	-0.76		-0.69	0.83	-0.82	-0.4	-0.16	FXPO
ATYM	0.8	0.86	-0.69		-0.5	0.89	0.33	-0.1	ATYM
AMRQ	-0.48	-0.66	0.83	-0.5		-0.7	-0.16	-0.17	AMRQ
CAML	0.88	0.96	-0.82	0.89	-0.7		0.43	-0.05	CAML
AAZ	0.43	0.35	-0.4	0.33	-0.16	0.43		0.26	AAZ
MTL	-0.18	-0.15	-0.16	-0.1	-0.17	-0.05	0.26		MTL
	0QPS	ANTO	FXPO	ATYM	AMRQ	CAML	AAZ	MTL

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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

CAML	+ 0.96	ANTO
CAML	+ 0.89	ATYM
CAML	+ 0.88	0QPS
ATYM	+ 0.86	ANTO
ANTO	+ 0.85	0QPS
AMRQ	+ 0.83	FXPO

High negative correlations

CAML	- 0.82	FXPO
FXPO	- 0.78	0QPS
FXPO	- 0.76	ANTO
CAML	- 0.7	AMRQ
ATYM	- 0.69	FXPO
AMRQ	- 0.66	ANTO

Risk-Adjusted Indicators

There is a big difference between Ibstock Stock performing well and Ibstock PLC 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 Ibstock PLC'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
0QPS	0.85	(0.26)	0.00	1.79	0.00	0.00	1.10	(2.39)	5.37
ANTO	1.45	(0.33)	0.00	2.71	0.00	0.00	1.82	(3.68)	11.36
FXPO	4.77	1.50	0.28	(1.64)	4.67	(5.65)	10.72	(8.99)	41.73
ATYM	1.49	(0.12)	0.00	(0.22)	0.00	0.00	3.31	(3.75)	8.81
AMRQ	1.67	0.55	0.23	(0.89)	1.38	(2.24)	5.00	(3.12)	10.15
CAML	1.12	(0.31)	0.00	(7.37)	0.00	0.00	1.81	(2.82)	5.69
AAZ	2.11	0.15	0.04	(0.86)	2.54	(2.65)	5.31	(4.66)	16.37
MTL	2.41	0.27	0.07	(1.04)	2.84	(2.83)	5.56	(5.00)	20.11

Be your own money manager

Our tools can tell you how much better you can do entering a position in Ibstock PLC 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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Ibstock PLC Corporate Management

Elected by the shareholders, the Ibstock PLC's board of directors comprises two types of representatives: Ibstock PLC inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Ibstock. The board's role is to monitor Ibstock PLC's management team and ensure that shareholders' interests are well served. Ibstock PLC's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Ibstock PLC's outside directors are responsible for providing unbiased perspectives on the board's policies.

BSc ACA	CFO Director	Profile
Darren Waters	Chief Officer	Profile
BTech BA	Managing Strategy	Profile
Nicola Hale	Group Director	Profile
Esq BA	CEO Director	Profile
Mark Houghton	Managing Supreme	Profile
Mihailo Simeunovitch	Head Services	Profile

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