Inrad Optics Correlations
| INRDDelisted Stock | USD 1.09 0.00 0.00% |
The current 90-days correlation between Inrad Optics and Ieh Corp is 0.02 (i.e., Significant diversification). The correlation of Inrad Optics 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.
Inrad Optics Correlation With Market
Significant diversification
The correlation between Inrad Optics and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Inrad Optics and DJI in the same portfolio, assuming nothing else is changed.
Inrad |
The ability to find closely correlated positions to Inrad Optics could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Inrad Optics when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Inrad Optics - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Inrad Optics to buy it.
Moving together with Inrad Pink Sheet
Moving against Inrad Pink Sheet
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| 0.61 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.54 | T | ATT Inc Aggressive Push | PairCorr |
| 0.51 | DD | Dupont De Nemours Fiscal Year End 4th of February 2025 | PairCorr |
| 0.48 | XOM | Exxon Mobil Corp Sell-off Trend | PairCorr |
| 0.47 | MCD | McDonalds Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.44 | CVX | Chevron Corp Fiscal Year End 7th of February 2025 | PairCorr |
| 0.37 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
| 0.36 | DIS | Walt Disney | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 Inrad Pink Sheet performing well and Inrad Optics 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 Inrad Optics' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| MPTI | 2.69 | 0.86 | 0.27 | 0.74 | 2.28 | 7.51 | 17.03 | |||
| IEHC | 2.87 | 0.08 | 0.00 | 0.95 | 3.96 | 10.00 | 47.92 | |||
| MPAD | 1.46 | 0.41 | 0.12 | 0.60 | 1.15 | 4.48 | 25.86 | |||
| DSWL | 1.52 | 0.00 | 0.04 | 0.00 | 1.85 | 3.48 | 12.33 | |||
| LYTS | 1.34 | 0.21 | 0.22 | 0.24 | 0.97 | 3.28 | 9.28 | |||
| TTMI | 1.84 | 0.23 | 0.12 | 0.27 | 1.97 | 3.72 | 17.41 | |||
| HOLO | 7.26 | (2.04) | 0.00 | (0.77) | 0.00 | 19.50 | 51.37 | |||
| KULR | 7.67 | 2.88 | 0.45 | 0.82 | 4.48 | 21.55 | 82.05 | |||
| BELFA | 1.46 | 0.13 | 0.10 | 0.20 | 1.40 | 3.09 | 17.70 | |||
| EMAN | 1.95 | (0.10) | 0.00 | (0.07) | 0.00 | 5.82 | 23.47 |
View Inrad Optics Related Equities
| Risk & Return | Correlation |
Inrad Optics Corporate Executives
Elected by the shareholders, the Inrad Optics' board of directors comprises two types of representatives: Inrad Optics inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Inrad. The board's role is to monitor Inrad Optics' management team and ensure that shareholders' interests are well served. Inrad Optics' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Inrad Optics' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Theresa Balog | S CFO | Profile |
Still Interested in Inrad Optics?
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