Intevac Correlations

Stocks . USA . 
Stock . Intevac
IVAC Stock  USD 4.04  0.01  0.25%   
The current 90-days correlation between Intevac and Innovative Solutions and is -0.05 (i.e., Good diversification). The correlation of Intevac 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.

Intevac Correlation With Market

Significant diversification

The correlation between Intevac and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Intevac 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 Intevac. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
For information on how to trade Intevac Stock refer to our How to Trade Intevac Stock guide.

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Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Intevac Stock performing well and Intevac 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 Intevac'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.

Intevac Corporate Management

Samuel HarknessVice TechnologyProfile
John DickinsonVice OperationsProfile
Cameron McAulayChief OfficerProfile
Claire McAdamsInvestor Relations and Strategic InitiativesProfile
Kevin SoulsbyTreasurer ControllerProfile
Eva ValenciaVice SalesProfile
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