Iveda Solutions Correlations

IVDA Stock

USD 2.96 0.25 7.79%

The current 90-days correlation between Iveda Solutions and Supercom is 0.37 (i.e., Weak diversification). The correlation of Iveda Solutions 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.

Iveda Solutions Correlation With Market

Good diversification

The correlation between Iveda Solutions and DJI is -0.16 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Iveda Solutions 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 Iveda Solutions. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

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

Moving together with Iveda Stock

0.77	BKYI	BIO Key International	Pair Corr
0.67	KN	Knowles Cor	Pair Corr
0.62	WK	Workiva	Pair Corr
0.63	DMRC	Digimarc	Pair Corr

Moving against Iveda Stock

0.48	JG	Aurora Mobile	Pair Corr
0.47	ADT	ADT Inc	Pair Corr
0.44	FI	Fiserv,	Pair Corr
0.43	ZS	Zscaler	Pair Corr
0.35	MQ	Marqeta	Pair Corr

Related Correlations Analysis

	GFAI	BAER	SPCB	GFAIW	LGMK	KSCP	ADT	BAERW	BCO	ALLE
GFAI		0.68	0.44	0.7	0.53	0.6	-0.34	0.44	0.38	0.12	GFAI
BAER	0.68		0.53	0.29	0.61	0.61	-0.32	0.77	0.47	0.37	BAER
SPCB	0.44	0.53		-0.12	-0.18	-0.12	0.4	0.75	0.29	-0.13	SPCB
GFAIW	0.7	0.29	-0.12		0.42	0.46	-0.51	-0.07	0.09	-0.08	GFAIW
LGMK	0.53	0.61	-0.18	0.42		0.95	-0.75	0.14	0.44	0.62	LGMK
KSCP	0.6	0.61	-0.12	0.46	0.95		-0.74	0.12	0.57	0.56	KSCP
ADT	-0.34	-0.32	0.4	-0.51	-0.75	-0.74		0.13	-0.11	-0.26	ADT
BAERW	0.44	0.77	0.75	-0.07	0.14	0.12	0.13		0.28	0.19	BAERW
BCO	0.38	0.47	0.29	0.09	0.44	0.57	-0.11	0.28		0.58	BCO
ALLE	0.12	0.37	-0.13	-0.08	0.62	0.56	-0.26	0.19	0.58		ALLE
	GFAI	BAER	SPCB	GFAIW	LGMK	KSCP	ADT	BAERW	BCO	ALLE

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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

KSCP	+ 0.95	LGMK
BAERW	+ 0.77	BAER
BAERW	+ 0.75	SPCB
GFAIW	+ 0.7	GFAI
BAER	+ 0.68	GFAI
ALLE	+ 0.62	LGMK

High negative correlations

ADT	- 0.75	LGMK
ADT	- 0.74	KSCP
ADT	- 0.51	GFAIW
ADT	- 0.34	GFAI
ADT	- 0.32	BAER
ALLE	- 0.26	ADT

Risk-Adjusted Indicators

There is a big difference between Iveda Stock performing well and Iveda Solutions 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 Iveda Solutions' 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
GFAI	7.31	0.58	0.06	0.35	8.16	(9.10)	14.00	(11.96)	81.22
BAER	4.38	(0.47)	0.00	30.64	0.00	0.00	11.60	(7.49)	36.45
SPCB	9.09	1.95	0.24	4.44	7.37	(11.49)	17.19	(14.13)	76.28
GFAIW	14.00	1.23	0.10	(0.42)	13.31	(22.50)	35.00	(26.47)	138.35
LGMK	5.20	(3.14)	0.00	(2.44)	0.00	0.00	5.88	(14.29)	59.82
KSCP	4.60	(1.31)	0.00	(0.63)	0.00	0.00	8.33	(9.92)	25.01
ADT	1.36	0.19	0.10	0.12	1.79	(1.45)	2.59	(2.29)	14.05
BAERW	11.25	1.39	0.13	(1.45)	10.20	(16.21)	22.69	(21.74)	111.05
BCO	1.35	(0.06)	0.00	(0.13)	0.00	0.00	2.39	(2.85)	8.34
ALLE	1.18	(0.07)	0.00	(0.17)	0.00	0.00	1.92	(3.02)	7.89

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