International Media Correlations

Summary

IMAQUDelisted Stock

USD 12.00 0.00 0.00%

The current 90-days correlation between International Media and Vita Coco is -0.1 (i.e., Good diversification). The correlation of International Media 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 Media Correlation With Market

Good diversification

The correlation between International Media Acquisitio and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding International Media Acquisitio 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. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in producer price index.

Moving together with International Stock

0.62	BRACR	Broad Capital Acquisition	Pair Corr
0.66	HHGCU	HHG Capital Corp	Pair Corr

Moving against International Stock

0.56	FRLAU	Fortune Rise Acquisition	Pair Corr
0.51	OCAXW	OCA Acquisition Corp	Pair Corr
0.41	DSAQ	Direct Selling Acqui	Pair Corr
0.35	DUET	DUET Acquisition Corp	Pair Corr
0.53	GMFI	Aetherium Acquisition	Pair Corr
0.48	BCSAU	Blockchain Coinvestors	Pair Corr
0.44	FRLA	Fortune Rise Acquisition	Pair Corr
0.36	GRAF	Graf Global Corp	Pair Corr
0.33	CEP	Cantor Equity Partners,	Pair Corr
0.31	AAM	AA Mission Acquisition Sell-off Trend	Pair Corr

Related Correlations Analysis

	COCO	STBFY	FHBC	KDP	ECVT	EMN	AXTA
COCO		-0.79	0.0	-0.84	0.82	-0.02	0.89	COCO
STBFY	-0.79		0.0	0.88	-0.66	0.18	-0.75	STBFY
FHBC	0.0	0.0		0.0	0.0	0.0	0.0	FHBC
KDP	-0.84	0.88	0.0		-0.77	0.34	-0.79	KDP
ECVT	0.82	-0.66	0.0	-0.77		-0.34	0.89	ECVT
EMN	-0.02	0.18	0.0	0.34	-0.34		-0.05	EMN
AXTA	0.89	-0.75	0.0	-0.79	0.89	-0.05		AXTA
	COCO	STBFY	FHBC	KDP	ECVT	EMN	AXTA

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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

AXTA	+ 0.89	COCO
AXTA	+ 0.89	ECVT
KDP	+ 0.88	STBFY
ECVT	+ 0.82	COCO
EMN	+ 0.34	KDP
EMN	+ 0.18	STBFY

High negative correlations

KDP	- 0.84	COCO
AXTA	- 0.79	KDP
STBFY	- 0.79	COCO
ECVT	- 0.77	KDP
AXTA	- 0.75	STBFY
ECVT	- 0.66	STBFY

Risk-Adjusted Indicators

There is a big difference between International Stock performing well and International Media 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 Media'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
COCO	1.62	0.46	0.19	1.05	1.54	(1.77)	3.72	(3.13)	11.39
STBFY	1.11	(0.07)	0.00	0.42	0.00	0.00	1.93	(2.71)	5.47
FHBC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
KDP	0.76	(0.21)	0.00	(0.38)	0.00	0.00	1.46	(2.08)	6.67
ECVT	1.82	0.08	0.07	0.17	1.62	(2.31)	4.55	(3.08)	17.08
EMN	1.10	(0.04)	(0.04)	0.07	1.29	(1.17)	2.78	(2.02)	7.31
AXTA	1.23	0.09	0.07	0.21	1.22	(1.25)	2.81	(2.08)	10.92

International Media Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with International Media stock to make a market-neutral strategy. Peer analysis of International Media could also be used in its relative valuation, which is a method of valuing International Media by comparing valuation metrics with similar companies.

Vita Coco Suntory Beverage Food Fernhill Beverage Keurig Dr Pepper Ecovyst Eastman Chemical Axalta Coating Systems American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne CVS Health Corp Chevron Corp

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