International Consolidated Correlations

ICAGY Stock

USD 7.17 0.29 3.89%

The current 90-days correlation between International Consolidated and Air France KLM SA is -0.11 (i.e., Good diversification). The correlation of International Consolidated 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.

International Consolidated Correlation With Market

Very weak diversification

The correlation between International Consolidated Air and DJI is 0.46 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding International Consolidated Air and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with International Pink Sheet

0.87	META	Meta Platforms	Pair Corr
0.84	JPM	JPMorgan Chase	Pair Corr
0.89	WMT	Walmart	Pair Corr
0.66	HD	Home Depot	Pair Corr

Related Correlations Analysis

	AFRAF	AFLYY	FNNNF	AIABF	BABWF	ESYJY	SINGY	DLAKY	LTMAY	SINGF
AFRAF		0.95	0.85	-0.53	-0.02	0.04	0.85	0.91	0.0	0.63	AFRAF
AFLYY	0.95		0.82	-0.46	0.06	0.17	0.87	0.96	0.0	0.63	AFLYY
FNNNF	0.85	0.82		-0.49	0.12	-0.05	0.93	0.89	0.0	0.74	FNNNF
AIABF	-0.53	-0.46	-0.49		0.03	0.15	-0.45	-0.5	0.0	-0.4	AIABF
BABWF	-0.02	0.06	0.12	0.03		-0.39	0.09	0.13	0.0	0.05	BABWF
ESYJY	0.04	0.17	-0.05	0.15	-0.39		0.13	0.12	0.0	-0.03	ESYJY
SINGY	0.85	0.87	0.93	-0.45	0.09	0.13		0.89	0.0	0.73	SINGY
DLAKY	0.91	0.96	0.89	-0.5	0.13	0.12	0.89		0.0	0.68	DLAKY
LTMAY	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	LTMAY
SINGF	0.63	0.63	0.74	-0.4	0.05	-0.03	0.73	0.68	0.0		SINGF
	AFRAF	AFLYY	FNNNF	AIABF	BABWF	ESYJY	SINGY	DLAKY	LTMAY	SINGF

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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

DLAKY	+ 0.96	AFLYY
AFLYY	+ 0.95	AFRAF
SINGY	+ 0.93	FNNNF
DLAKY	+ 0.91	AFRAF
DLAKY	+ 0.89	FNNNF
DLAKY	+ 0.89	SINGY

High negative correlations

AIABF	- 0.53	AFRAF
DLAKY	- 0.5	AIABF
AIABF	- 0.49	FNNNF
AIABF	- 0.46	AFLYY
SINGY	- 0.45	AIABF
SINGF	- 0.4	AIABF

Risk-Adjusted Indicators

There is a big difference between International Pink Sheet performing well and International Consolidated 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 Consolidated'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
AFRAF	1.77	0.51	0.12	(1.00)	1.35	(10.29)	4.06	(3.31)	50.57
AFLYY	2.46	0.29	0.09	(3.11)	2.82	(3.10)	3.70	(4.88)	38.88
FNNNF	1.57	0.72	0.00	(1.39)	0.00	0.00	6.38	0.00	21.00
AIABF	3.75	0.56	0.00	(0.33)	0.00	0.00	5.88	0.00	102.22
BABWF	1.83	0.26	0.07	(9.12)	2.07	(4.58)	5.48	(5.59)	19.79
ESYJY	1.52	(0.18)	0.00	(0.28)	0.00	0.00	3.32	(3.97)	9.39
SINGY	0.63	0.11	0.20	0.64	0.61	(0.71)	1.54	(1.28)	3.34
DLAKY	1.96	0.29	0.14	0.30	1.98	(2.34)	3.86	(3.46)	13.61
LTMAY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SINGF	1.89	0.12	0.03	0.43	2.92	(3.78)	6.54	(5.21)	24.40

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Our tools can tell you how much better you can do entering a position in International Consolidated 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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International Consolidated Corporate Management

Chris Haynes	General Counsel	Profile
Andrew Light	Head Relations	Profile
Sarah Clements	G Counsel	Profile
Carolina Martinoli	Co People	Profile
Glenn Morgan	Head Transformation	Profile
Fernando Candela	Chief Officer	Profile
David Podolsky	Chief Officer	Profile

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