IHS Holding Correlations

IHS Stock  USD 4.52  0.09  2.03%   
The current 90-days correlation between IHS Holding and IDT Corporation is 0.22 (i.e., Modest 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 0.14 (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

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  0.75USM United States CellularPairCorr
  0.86VIV Telefonica BrasilPairCorr
  0.71NVVEW Nuvve Holding CorpPairCorr
  0.64LILA Liberty Latin AmericaPairCorr
  0.82RPID Rapid Micro BiosystemsPairCorr

Moving against IHS Stock

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  0.64LBTYK Liberty Global PLCPairCorr
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  0.43LBTYB Liberty Global PLC Downward RallyPairCorr

Related Correlations Analysis

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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   
LBRDALBRDK
CHTRLBRDK
CHTRLBRDA
PHITIMB
SKMIRDM
LBRDKTIMB
  
High negative correlations   
TIMBCABO
PHICABO
LBRDACABO
LBRDKCABO
SKMCABO
LBRDACCOI

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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
CCOI  1.38 (0.02) 0.00 (0.12) 0.00 
 2.49 
 13.48 
IDT  1.29  0.03  0.00 (0.06) 0.00 
 2.45 
 13.13 
IRDM  1.77 (0.02) 0.00 (0.11) 0.00 
 2.69 
 22.16 
CABO  2.35 (0.63) 0.00 (2.82) 0.00 
 4.12 
 22.18 
SKM  0.92  0.02  0.00 (0.05) 0.00 
 2.24 
 5.06 
TIMB  1.55  0.33  0.16  0.43  2.12 
 3.45 
 14.05 
PHI  0.98  0.10  0.11  0.25  1.43 
 1.81 
 8.54 
LBRDK  1.39  0.10  0.06  0.04  1.95 
 2.68 
 9.15 
LBRDA  1.38  0.10  0.06  0.04  1.98 
 2.80 
 9.58 
CHTR  1.39 (0.03) 0.00 (0.14) 0.00 
 2.58 
 8.95 

IHS Holding Corporate Management

Colby SynesaelExecutive CommunicationsProfile
Ayotade OyinlolaExecutive OfficerProfile
William BatesExecutive OfficerProfile
Mustafa TharooExecutive CounselProfile