Intelligent Group Correlations

INTJ Stock

0.71 0.05 7.58%

The current 90-days correlation between Intelligent Group and Integrated Media Technology is -0.06 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Intelligent Group moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Intelligent Group Limited moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Intelligent Group Correlation With Market

Average diversification

The correlation between Intelligent Group Limited and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Intelligent Group Limited 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 Intelligent Group Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Moving together with Intelligent Stock

0.65	ADD	Color Star Technology	Pair Corr
0.61	ADV	Advantage Solutions	Pair Corr
0.73	AMC	AMC Entertainment	Pair Corr
0.61	CNK	Cinemark Holdings	Pair Corr
0.63	GCI	Gannett	Pair Corr

Moving against Intelligent Stock

0.46	CURIW	CuriosityStream	Pair Corr
0.46	SE	Sea	Pair Corr
0.36	FOXA	Fox Corp Class	Pair Corr
0.36	FOX	Fox Corp Class	Pair Corr
0.31	GTN	Gray Television Buyout Trend	Pair Corr
0.31	PSO	Pearson PLC ADR	Pair Corr

Related Correlations Analysis

	ALDF	JDSPY	PYTCF	CRESY	SHIM	NCMI	IMTE	NTES
ALDF		-0.41	-0.19	-0.58	-0.53	-0.09	-0.35	0.62	ALDF
JDSPY	-0.41		0.51	0.78	0.77	0.48	0.34	-0.65	JDSPY
PYTCF	-0.19	0.51		0.33	0.45	0.32	0.03	-0.39	PYTCF
CRESY	-0.58	0.78	0.33		0.86	0.43	0.62	-0.56	CRESY
SHIM	-0.53	0.77	0.45	0.86		0.57	0.7	-0.55	SHIM
NCMI	-0.09	0.48	0.32	0.43	0.57		0.51	-0.07	NCMI
IMTE	-0.35	0.34	0.03	0.62	0.7	0.51		-0.19	IMTE
NTES	0.62	-0.65	-0.39	-0.56	-0.55	-0.07	-0.19		NTES
	ALDF	JDSPY	PYTCF	CRESY	SHIM	NCMI	IMTE	NTES

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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

SHIM	+ 0.86	CRESY
CRESY	+ 0.78	JDSPY
SHIM	+ 0.77	JDSPY
IMTE	+ 0.7	SHIM
NTES	+ 0.62	ALDF
IMTE	+ 0.62	CRESY

High negative correlations

NTES	- 0.65	JDSPY
CRESY	- 0.58	ALDF
NTES	- 0.56	CRESY
NTES	- 0.55	SHIM
SHIM	- 0.53	ALDF
JDSPY	- 0.41	ALDF

Risk-Adjusted Indicators

There is a big difference between Intelligent Stock performing well and Intelligent Group 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 Intelligent Group'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
ALDF	0.09	0.02	0.81	6.81	0.00	(0.15)	0.20	(0.10)	0.50
JDSPY	2.52	(0.51)	0.00	4.17	0.00	0.00	6.25	(5.61)	19.90
PYTCF	0.31	(0.09)	0.00	0.32	0.00	0.00	0.00	0.00	10.00
CRESY	2.24	(0.27)	0.00	(1.28)	0.00	0.00	5.38	(4.30)	12.41
SHIM	3.53	(0.65)	0.00	(0.49)	0.00	0.00	6.83	(9.21)	25.88
NCMI	2.02	(0.20)	0.00	(0.44)	0.00	0.00	3.36	(3.53)	26.42
IMTE	2.94	(0.23)	0.00	(0.28)	0.00	0.00	6.99	(5.93)	19.84
NTES	1.77	0.25	0.15	0.47	1.98	(1.92)	3.95	(3.97)	15.03

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