Immersion Correlations

IMMR Stock

USD 7.63 0.05 0.66%

The correlation of Immersion 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.

Immersion Correlation With Market

Weak diversification

The correlation between Immersion and DJI is 0.34 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Immersion 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 Immersion. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

To learn how to invest in Immersion Stock, please use our How to Invest in Immersion guide.

Moving together with Immersion Stock

0.64	DM	Desktop Metal Tech Boost	Pair Corr
0.73	KE	Kimball Electronics	Pair Corr
0.82	KN	Knowles Cor	Pair Corr
0.83	EBON	Ebang International	Pair Corr
0.86	EXTR	Extreme Networks	Pair Corr
0.66	FEIM	Frequency Electronics	Pair Corr
0.81	APH	Amphenol	Pair Corr
0.86	BDC	Belden Inc	Pair Corr
0.81	BHE	Benchmark Electronics	Pair Corr
0.84	CTS	CTS Corporation	Pair Corr
0.76	HPE	Hewlett Packard Ente Aggressive Push	Pair Corr
0.82	HPQ	HP Inc	Pair Corr
0.77	IDN	Intellicheck Mobilisa Tech Boost	Pair Corr
0.81	MEI	Methode Electronics	Pair Corr
0.67	MSI	Motorola Solutions	Pair Corr

Moving against Immersion Stock

0.6	FKWL	Franklin Wireless Corp	Pair Corr
0.75	NOK	Nokia Corp ADR Aggressive Push	Pair Corr
0.35	DLB	Dolby Laboratories	Pair Corr

Related Correlations Analysis

	AMSWA	MLNK	MODN	CCRD	MNTV	MIXT	ENFN	ALKT	KARO	XPER
AMSWA		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	AMSWA
MLNK	0.0		0.0	0.11	0.0	0.0	-0.52	0.61	0.11	0.65	MLNK
MODN	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	MODN
CCRD	0.0	0.11	0.0		0.0	0.0	-0.33	0.67	0.72	0.58	CCRD
MNTV	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	MNTV
MIXT	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	MIXT
ENFN	0.0	-0.52	0.0	-0.33	0.0	0.0		-0.56	-0.36	-0.72	ENFN
ALKT	0.0	0.61	0.0	0.67	0.0	0.0	-0.56		0.68	0.91	ALKT
KARO	0.0	0.11	0.0	0.72	0.0	0.0	-0.36	0.68		0.65	KARO
XPER	0.0	0.65	0.0	0.58	0.0	0.0	-0.72	0.91	0.65		XPER
	AMSWA	MLNK	MODN	CCRD	MNTV	MIXT	ENFN	ALKT	KARO	XPER

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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

XPER	+ 0.91	ALKT
KARO	+ 0.72	CCRD
KARO	+ 0.68	ALKT
ALKT	+ 0.67	CCRD
XPER	+ 0.65	MLNK
XPER	+ 0.65	KARO

High negative correlations

XPER	- 0.72	ENFN
ALKT	- 0.56	ENFN
ENFN	- 0.52	MLNK
KARO	- 0.36	ENFN
ENFN	- 0.33	CCRD
XPER	- 0.0	MIXT

Risk-Adjusted Indicators

There is a big difference between Immersion Stock performing well and Immersion 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 Immersion'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
AMSWA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MLNK	1.36	(0.14)	0.00	(0.22)	0.00	0.00	1.84	(3.68)	21.48
MODN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CCRD	2.19	(0.15)	0.00	(0.41)	0.00	0.00	4.70	(4.53)	12.83
MNTV	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MIXT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ENFN	1.18	0.11	0.10	0.34	1.61	(1.39)	3.38	(2.60)	10.10
ALKT	2.01	(0.43)	0.00	(0.38)	0.00	0.00	3.49	(4.37)	19.06
KARO	1.97	(0.10)	0.00	(0.21)	0.00	0.00	3.34	(4.57)	12.11
XPER	1.61	(0.25)	0.00	(0.34)	0.00	0.00	2.61	(3.50)	11.03

Immersion Corporate Management

Leonard Wood	Chief Officer	Profile
Sophie Laval	Head Resources	Profile
Aaron Akerman	CFO Treasurer	Profile
Eric Singer	Ex Chairperson	Profile
Yeshwant Muthusamy	Chief Officer	Profile
James Dodson	Chief Officer	Profile

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