IHS Holding Correlations

IHS Stock

USD 3.65 0.10 2.67%

The current 90-days correlation between IHS Holding and Cogent Communications Group is 0.31 (i.e., Weak diversification). The correlation of IHS Holding 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.

IHS Holding Correlation With Market

Average diversification

The correlation between IHS Holding and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding IHS Holding 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 IHS Holding. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

For more information on how to buy IHS Stock please use our How to Invest in IHS Holding guide.

Moving together with IHS Stock

0.79	T	ATT Inc Aggressive Push	Pair Corr
0.68	TMUS	T Mobile	Pair Corr
0.72	WB	Weibo Corp	Pair Corr
0.8	YY	YY Inc Class	Pair Corr
0.61	ZH	Zhihu Inc ADR Downward Rally	Pair Corr
0.62	EVER	EverQuote Class A Trending	Pair Corr
0.76	BATRA	Atlanta Braves Holdings,	Pair Corr

Moving against IHS Stock

0.64	EA	Electronic Arts	Pair Corr
0.61	LUMN	Lumen Technologies Aggressive Push	Pair Corr
0.53	TC	TuanChe ADR	Pair Corr
0.5	ZD	Ziff Davis	Pair Corr
0.61	ANGHW	Anghami Warrants	Pair Corr
0.6	ADD	Color Star Technology	Pair Corr
0.59	AMC	AMC Entertainment	Pair Corr
0.45	CCO	Clear Channel Outdoor	Pair Corr
0.45	DDI	Doubledown Interactive	Pair Corr
0.43	ADV	Advantage Solutions	Pair Corr
0.36	FNGR	FingerMotion	Pair Corr
0.31	WIMI	WiMi Hologram Cloud	Pair Corr

Related Correlations Analysis

	CCOI	IDT	IRDM	CABO	SKM	TIMB	PHI	LBRDK	LBRDA	CHTR
CCOI		0.55	0.32	0.06	0.61	0.65	0.28	0.61	0.61	0.46	CCOI
IDT	0.55		0.4	0.51	0.76	0.27	0.14	0.79	0.79	0.85	IDT
IRDM	0.32	0.4		-0.1	0.42	0.49	0.48	0.47	0.46	0.37	IRDM
CABO	0.06	0.51	-0.1		0.38	-0.53	-0.57	0.4	0.42	0.64	CABO
SKM	0.61	0.76	0.42	0.38		0.37	0.15	0.81	0.81	0.79	SKM
TIMB	0.65	0.27	0.49	-0.53	0.37		0.72	0.45	0.43	0.17	TIMB
PHI	0.28	0.14	0.48	-0.57	0.15	0.72		0.22	0.2	0.02	PHI
LBRDK	0.61	0.79	0.47	0.4	0.81	0.45	0.22		1.0	0.94	LBRDK
LBRDA	0.61	0.79	0.46	0.42	0.81	0.43	0.2	1.0		0.94	LBRDA
CHTR	0.46	0.85	0.37	0.64	0.79	0.17	0.02	0.94	0.94		CHTR
	CCOI	IDT	IRDM	CABO	SKM	TIMB	PHI	LBRDK	LBRDA	CHTR

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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

LBRDA	+ 1.0	LBRDK
CHTR	+ 0.94	LBRDK
CHTR	+ 0.94	LBRDA
CHTR	+ 0.85	IDT
LBRDK	+ 0.81	SKM
LBRDA	+ 0.81	SKM

High negative correlations

PHI	- 0.57	CABO
TIMB	- 0.53	CABO
CABO	- 0.1	IRDM

Risk-Adjusted Indicators

There is a big difference between IHS Stock performing well and IHS Holding 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 IHS Holding'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
CCOI	1.31	(0.16)	0.00	(0.24)	0.00	0.00	2.47	(3.04)	13.49
IDT	1.12	(0.04)	0.00	(0.09)	0.00	0.00	2.28	(2.42)	10.01
IRDM	1.76	0.21	0.10	0.18	1.95	(1.85)	3.25	(2.91)	18.64
CABO	1.82	(0.61)	0.00	(1.56)	0.00	0.00	3.49	(4.95)	11.41
SKM	1.00	(0.04)	0.00	(0.11)	0.00	0.00	2.63	(1.76)	6.54
TIMB	1.69	0.08	0.03	0.08	2.50	(1.58)	3.43	(4.15)	14.09
PHI	0.81	0.04	0.05	(0.33)	1.17	(0.80)	1.53	(1.97)	5.26
LBRDK	1.37	(0.05)	0.00	(0.11)	0.00	0.00	2.39	(3.28)	10.93
LBRDA	1.37	(0.05)	0.00	(0.10)	0.00	0.00	2.80	(3.12)	10.78
CHTR	1.43	(0.06)	0.00	(0.11)	0.00	0.00	2.58	(3.44)	11.04

IHS Holding Corporate Management

Colby Synesael	Executive Communications	Profile
Ayotade Oyinlola	Executive Officer	Profile
William Bates	Executive Officer	Profile
Mustafa Tharoo	Executive Counsel	Profile

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