International Tower Correlations
| ITH Stock | CAD 0.86 0.03 3.61% |
The correlation of International Tower 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as International Tower moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if International Tower Hill moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Average diversification
The correlation between International Tower Hill and NYA is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding International Tower Hill and NYA in the same portfolio, assuming nothing else is changed.
International |
The ability to find closely correlated positions to International Tower could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace International Tower 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 International Tower - 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 International Tower Hill to buy it.
Moving together with International Stock
| 0.73 | CM-PT | Canadian Imperial Bank | PairCorr |
| 0.77 | FFH-PH | Fairfax Financial | PairCorr |
| 0.63 | RY-PS | Royal Bank | PairCorr |
| 0.75 | RY | Royal Bank | PairCorr |
| 0.64 | FFH-PC | Fairfax Fin Hld | PairCorr |
| 0.68 | CM-PY | Canadian Imperial Bank | PairCorr |
| 0.77 | NA | National Bank | PairCorr |
Moving against International Stock
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between International Stock performing well and International Tower 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 International Tower'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.Be your own money manager
Our tools can tell you how much better you can do entering a position in International Tower 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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International Tower Corporate Directors
International Tower corporate directors refer to members of an International Tower board of directors. The board of directors generally takes responsibility for the International Tower's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of International Tower's board members must vote for the resolution. The International Tower board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Sun Weng | Independent Director | Profile | |
| Stuart Harshaw | Director | Profile | |
| Thomas Weng | Lead Independent Director | Profile | |
| John Ellis | Director | Profile |
Already Invested in International Tower Hill?
The danger of trading International Tower Hill is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of International Tower is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than International Tower. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile International Tower Hill is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether International Tower Hill is a strong investment it is important to analyze International Tower's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact International Tower's future performance. For an informed investment choice regarding International Stock, refer to the following important reports: Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in International Tower Hill. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. Note that the International Tower Hill information on this page should be used as a complementary analysis to other International Tower's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.
Complementary Tools for International Stock analysis
When running International Tower's price analysis, check to measure International Tower's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy International Tower is operating at the current time. Most of International Tower's value examination focuses on studying past and present price action to predict the probability of International Tower's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move International Tower's price. Additionally, you may evaluate how the addition of International Tower to your portfolios can decrease your overall portfolio volatility.
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