Information Services Correlations
| III Stock | USD 3.70 0.04 1.09% |
The current 90-days correlation between Information Services and CSP Inc is 0.19 (i.e., Average diversification). The correlation of Information Services 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.
Information Services Correlation With Market
Modest diversification
The correlation between Information Services Group and DJI is 0.29 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Information Services Group and DJI in the same portfolio, assuming nothing else is changed.
Information |
Moving against Information Stock
| 0.63 | R | Ryder System Earnings Call This Week | PairCorr |
| 0.45 | BCO | Brinks Company | PairCorr |
| 0.38 | RPAY | Repay Holdings Corp | PairCorr |
| 0.37 | MSA | MSA Safety | PairCorr |
| 0.36 | FOUR | Shift4 Payments | PairCorr |
| 0.53 | CP | Canadian Pacific Railway | PairCorr |
| 0.44 | HI | Hillenbrand | PairCorr |
| 0.42 | OP | Oceanpal | PairCorr |
| 0.39 | HY | Hyster Yale Materials | PairCorr |
| 0.38 | FA | First Advantage Corp | PairCorr |
| 0.35 | PH | Parker Hannifin | PairCorr |
Related Correlations Analysis
| 0.25 | 0.4 | 0.0 | 0.0 | 0.0 | 0.0 | FORTY | ||
| 0.25 | 0.56 | 0.0 | 0.0 | 0.0 | 0.6 | CSPI | ||
| 0.4 | 0.56 | 0.0 | 0.0 | 0.0 | 0.15 | NYAX | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | ALYA | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | CTG | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | SRT | ||
| 0.0 | 0.6 | 0.15 | 0.0 | 0.0 | 0.0 | HCKT | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Information Stock performing well and Information Services 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 Information Services' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FORTY | 1.65 | (0.03) | 0.00 | 0.10 | 0.00 | 4.53 | 12.00 | |||
| CSPI | 3.47 | (0.11) | 0.00 | (0.11) | 0.00 | 6.82 | 21.41 | |||
| NYAX | 1.67 | 0.34 | 0.20 | 1.60 | 1.40 | 3.43 | 13.23 | |||
| ALYA | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| CTG | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| SRT | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| HCKT | 0.94 | (0.15) | 0.00 | (0.21) | 0.00 | 1.45 | 4.43 |
Information Services Corporate Management
| Tom Werner | Sales Director | Profile | |
| Wayne Butterfield | Global Solutions | Profile | |
| Lyonel Roast | Middle Europe | Profile | |
| Paul Gottsegen | Partner Experience | Profile | |
| Prashant Kelker | Chief DACH | Profile |