International Money Correlations

IMXI Stock

USD 13.42 0.05 0.37%

The current 90-days correlation between International Money and NetScout Systems is 0.21 (i.e., Modest diversification). The correlation of International Money 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.

International Money Correlation With Market

Modest diversification

The correlation between International Money Express and DJI is 0.27 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding International Money Express 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 International Money Express. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in interest.

Moving together with International Stock

0.69	BCO	Brinks Company	Pair Corr
0.7	BRC	Brady	Pair Corr
0.83	CIX	CompX International	Pair Corr
0.71	FOUR	Shift4 Payments	Pair Corr
0.9	DLX	Deluxe	Pair Corr
0.9	FVRR	Fiverr International	Pair Corr
0.82	KBR	KBR Inc	Pair Corr
0.83	MSA	MSA Safety	Pair Corr
0.85	MATW	Matthews International	Pair Corr
0.69	EVGOW	EVgo Equity Warrants	Pair Corr
0.92	RPAY	Repay Holdings Corp	Pair Corr
0.85	ASGN	ASGN Inc	Pair Corr
0.88	TTEK	Tetra Tech	Pair Corr
0.88	CLVT	CLARIVATE PLC	Pair Corr
0.92	CMPR	Cimpress NV	Pair Corr
0.88	J	Jacobs Solutions	Pair Corr
0.7	R	Ryder System Earnings Call This Week	Pair Corr
0.91	BV	BrightView Holdings	Pair Corr
0.94	BW	Babcock Wilcox Enter	Pair Corr
0.76	CW	Curtiss Wright	Pair Corr
0.77	DY	Dycom Industries	Pair Corr
0.87	FA	First Advantage Corp	Pair Corr
0.75	FC	Franklin Covey	Pair Corr

Moving against International Stock

0.7	WNS	WNS Holdings	Pair Corr
0.63	GDS	GDS Holdings	Pair Corr
0.62	MG	Mistras Group	Pair Corr
0.59	G	Genpact Limited	Pair Corr
0.91	BZ	Kanzhun Ltd ADR	Pair Corr
0.78	LZ	LegalZoom	Pair Corr
0.74	EH	Ehang Holdings	Pair Corr
0.73	PC	Premium Catering	Pair Corr
0.61	DE	Deere Company	Pair Corr
0.6	GE	GE Aerospace	Pair Corr

Related Correlations Analysis

	NTCT	CCSI	CSGS	ESMT	FORG	EVCM	EVTC	ACIW	STER	BASE
NTCT		0.83	0.41	0.0	0.0	0.27	-0.52	0.05	0.0	0.8	NTCT
CCSI	0.83		0.44	0.0	0.0	0.14	-0.45	0.16	0.0	0.74	CCSI
CSGS	0.41	0.44		0.0	0.0	-0.45	0.36	0.13	0.0	0.41	CSGS
ESMT	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	ESMT
FORG	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	FORG
EVCM	0.27	0.14	-0.45	0.0	0.0		-0.36	-0.06	0.0	0.09	EVCM
EVTC	-0.52	-0.45	0.36	0.0	0.0	-0.36		0.34	0.0	-0.42	EVTC
ACIW	0.05	0.16	0.13	0.0	0.0	-0.06	0.34		0.0	0.02	ACIW
STER	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	STER
BASE	0.8	0.74	0.41	0.0	0.0	0.09	-0.42	0.02	0.0		BASE
	NTCT	CCSI	CSGS	ESMT	FORG	EVCM	EVTC	ACIW	STER	BASE

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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

CCSI	+ 0.83	NTCT
BASE	+ 0.8	NTCT
BASE	+ 0.74	CCSI
CSGS	+ 0.44	CCSI
CSGS	+ 0.41	NTCT
BASE	+ 0.41	CSGS

High negative correlations

EVTC	- 0.52	NTCT
EVCM	- 0.45	CSGS
EVTC	- 0.45	CCSI
BASE	- 0.42	EVTC
EVTC	- 0.36	EVCM
ACIW	- 0.06	EVCM

Risk-Adjusted Indicators

There is a big difference between International Stock performing well and International Money 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 Money'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
NTCT	1.36	0.03	0.02	0.02	1.74	(1.44)	2.20	(2.75)	16.99
CCSI	2.05	0.05	0.02	0.03	2.94	(1.99)	4.16	(4.21)	20.81
CSGS	1.22	0.30	0.22	0.32	1.04	(1.34)	2.82	(2.13)	8.74
ESMT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FORG	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EVCM	1.50	(0.08)	0.00	(0.05)	0.00	0.00	3.47	(3.32)	10.24
EVTC	1.21	0.18	0.14	0.33	1.17	(1.51)	2.03	(1.74)	18.48
ACIW	1.44	0.10	0.06	0.07	1.60	(1.55)	2.60	(2.86)	11.88
STER	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BASE	2.20	(0.08)	0.00	0.60	0.00	0.00	3.91	(4.38)	22.01

International Money Corporate Management

Randall Nilsen	Executive Canada	Profile
MBA Esq	Chief Secretary	Profile
Andras Bende	Chief Officer	Profile
Michael Gallentine	Vice Relations	Profile
Andrew Kugbei	Chief Retail	Profile

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