Identiv Correlations

INVE Stock

USD 3.41 0.21 6.56%

The current 90-days correlation between Identiv and TransAct Technologies Incorporated is -0.05 (i.e., Good diversification). The correlation of Identiv 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.

Identiv Correlation With Market

Modest diversification

The correlation between Identiv and DJI is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Identiv 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 Identiv. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.

For information on how to trade Identiv Stock refer to our How to Trade Identiv Stock guide.

Moving together with Identiv Stock

0.72	DM	Desktop Metal Tech Boost	Pair Corr
0.73	KE	Kimball Electronics	Pair Corr
0.66	KN	Knowles Cor	Pair Corr
0.66	DSWL	Deswell Industries	Pair Corr
0.85	EBON	Ebang International	Pair Corr
0.65	EHGO	Eshallgo Class A	Pair Corr
0.81	EXTR	Extreme Networks	Pair Corr
0.67	APH	Amphenol	Pair Corr
0.76	BDC	Belden Inc	Pair Corr
0.77	BHE	Benchmark Electronics	Pair Corr
0.82	CTS	CTS Corporation	Pair Corr
0.67	HPQ	HP Inc	Pair Corr
0.8	IDN	Intellicheck Mobilisa Earnings Call Today	Pair Corr
0.78	MEI	Methode Electronics	Pair Corr

Moving against Identiv Stock

0.56	FKWL	Franklin Wireless Corp	Pair Corr
0.47	DLB	Dolby Laboratories	Pair Corr
0.37	FFIV	F5 Networks	Pair Corr
0.73	NOK	Nokia Corp ADR Aggressive Push	Pair Corr
0.48	OST	Ostin Technology	Pair Corr
0.45	SNT	Senstar Technologies	Pair Corr
0.39	GAUZ	Gauzy Ordinary	Pair Corr
0.37	OCC	Optical Cable	Pair Corr

Related Correlations Analysis

	TACT	AGMH	ALOT	STRC	KTCC	RCAT	QUBT	RGTI	QBTS
TACT		0.4	0.12	0.0	0.33	0.51	0.14	0.39	-0.15	TACT
AGMH	0.4		0.8	0.0	0.94	0.65	0.63	0.2	0.12	AGMH
ALOT	0.12	0.8		0.0	0.85	0.29	0.31	-0.16	-0.04	ALOT
STRC	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	STRC
KTCC	0.33	0.94	0.85	0.0		0.57	0.51	0.13	0.05	KTCC
RCAT	0.51	0.65	0.29	0.0	0.57		0.76	0.7	0.48	RCAT
QUBT	0.14	0.63	0.31	0.0	0.51	0.76		0.64	0.69	QUBT
RGTI	0.39	0.2	-0.16	0.0	0.13	0.7	0.64		0.68	RGTI
QBTS	-0.15	0.12	-0.04	0.0	0.05	0.48	0.69	0.68		QBTS
	TACT	AGMH	ALOT	STRC	KTCC	RCAT	QUBT	RGTI	QBTS

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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

KTCC	+ 0.94	AGMH
KTCC	+ 0.85	ALOT
ALOT	+ 0.8	AGMH
QUBT	+ 0.76	RCAT
RGTI	+ 0.7	RCAT
QBTS	+ 0.69	QUBT

High negative correlations

RGTI	- 0.16	ALOT
QBTS	- 0.15	TACT
QBTS	- 0.04	ALOT
QBTS	- 0.0	STRC
RGTI	- 0.0	STRC
QUBT	- 0.0	STRC

Risk-Adjusted Indicators

There is a big difference between Identiv Stock performing well and Identiv 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 Identiv'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
TACT	1.55	(0.02)	0.00	(0.11)	0.00	0.00	3.23	(2.84)	10.91
AGMH	8.25	(2.72)	0.00	3.08	0.00	0.00	7.69	(22.79)	147.27
ALOT	2.27	(0.59)	0.00	(0.75)	0.00	0.00	4.43	(4.70)	11.35
STRC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
KTCC	2.70	(0.83)	0.00	(0.89)	0.00	0.00	4.35	(7.67)	17.39
RCAT	6.68	0.18	0.00	(0.02)	0.00	0.00	15.04	(10.58)	42.69
QUBT	11.09	1.54	0.13	(8.41)	11.91	(13.56)	51.53	(16.01)	108.47
RGTI	11.73	2.86	0.20	2.70	12.20	(14.00)	36.04	(19.11)	90.60
QBTS	10.68	2.44	0.20	3.18	10.70	(12.36)	26.55	(11.97)	80.73

Identiv Corporate Management

Edward CPA	VP Controller	Profile
Justin Scarpulla	Principal CFO	Profile
Steve Dunlap	Thursby Pres	Profile
Mike Taylor	Vice Sales	Profile
Tanya Freedland	Vice Acquisition	Profile

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