Ichor Coal Correlations
| IO0 Stock | EUR 0.02 0.00 0.00% |
The current 90-days correlation between Ichor Coal NV and CHINA SHENHUA ENA is -0.1 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Ichor Coal moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ichor Coal NV moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Ichor Coal Correlation With Market
Significant diversification
The correlation between Ichor Coal NV and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ichor Coal NV and DJI in the same portfolio, assuming nothing else is changed.
Ichor |
The ability to find closely correlated positions to Ichor Coal could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ichor Coal 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 Ichor Coal - 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 Ichor Coal NV to buy it.
Moving together with Ichor Stock
Moving against Ichor Stock
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| 0.8 | GLE | Gladstone Commercial | PairCorr |
| 0.78 | ESLC | ESSILORLUXOTTICA 12ON | PairCorr |
| 0.72 | C9X | CONSOL Energy | PairCorr |
| 0.59 | HMU | HMS Bergbau AG | PairCorr |
| 0.92 | 6GAA | Grupo Aval Acciones | PairCorr |
| 0.89 | SK3 | Smurfit Kappa Group | PairCorr |
| 0.87 | VAI | Vail Resorts | PairCorr |
| 0.86 | GKD | Grand Canyon Education | PairCorr |
| 0.85 | HDFA | HDFC Bank Limited | PairCorr |
| 0.83 | QAN | Qantas Airways | PairCorr |
| 0.82 | ADH2 | Air Canada | PairCorr |
| 0.8 | BRYN | Berkshire Hathaway | PairCorr |
| 0.79 | ZIM | Zimmer Biomet Holdings | PairCorr |
| 0.75 | KEY | KeyCorp | PairCorr |
| 0.55 | FR70 | FAST RETAIL ADR | PairCorr |
| 0.32 | SIX2 | Sixt SE | PairCorr |
| 0.95 | ENR | Siemens Energy AG | PairCorr |
| 0.9 | OCBA | Oversea Chinese Banking | PairCorr |
| 0.89 | BZZ | Bank of Montreal | PairCorr |
| 0.89 | DC4 | DexCom Inc | PairCorr |
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Ichor Stock performing well and Ichor Coal 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 Ichor Coal'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| IKFC | 1.59 | 0.16 | 0.06 | 0.50 | 1.92 | 3.82 | 12.47 | |||
| CVV | 2.40 | 0.25 | 0.06 | (0.48) | 2.80 | 5.26 | 17.17 | |||
| YA1 | 1.80 | 0.19 | 0.07 | 0.70 | 2.16 | 4.01 | 12.07 | |||
| NVAC | 2.60 | (0.14) | 0.00 | 0.21 | 0.00 | 7.14 | 30.98 | |||
| C9X | 1.76 | 0.25 | 0.15 | 0.16 | 1.61 | 4.86 | 16.11 | |||
| HMU | 0.75 | 0.15 | 0.09 | 1.78 | 0.60 | 2.11 | 7.41 | |||
| G1V | 320.50 | 159.74 | 0.00 | 1.78 | 0.00 | 0.00 | 10,798 | |||
| IO0 | 1.34 | (0.57) | 0.00 | (3.18) | 0.00 | 0.00 | 20.00 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Ichor Coal without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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