International Money Correlations
| IMXI Stock | USD 21.89 0.34 1.58% |
The correlation of International Money 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 Money moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if International Money Express 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.
Very weak diversification
The correlation between International Money Express and NYA is 0.47 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding International Money Express and NYA in the same portfolio, assuming nothing else is changed.
International |
The ability to find closely correlated positions to International Money 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 Money 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 Money - 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 Money Express to buy it.
Moving together with International Stock
| 0.67 | GB | Global Blue Group | PairCorr |
| 0.67 | NN | Nextnav Acquisition Corp Tech Boost | PairCorr |
| 0.8 | VERI | Veritone Buyout Trend | PairCorr |
Moving against International Stock
| 0.62 | S | SentinelOne Financial Report 6th of June 2024 | PairCorr |
| 0.51 | ZS | Zscaler Financial Report 6th of June 2024 | PairCorr |
| 0.49 | VRAR | Glimpse Group | PairCorr |
| 0.45 | CETXP | Cemtrex Pref | PairCorr |
| 0.44 | EVCM | EverCommerce Tech Boost | PairCorr |
| 0.42 | VRSN | VeriSign Earnings Call Tomorrow | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 International Stock performing well and International Money 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 Money'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PANW | 1.96 | (0.22) | 0.00 | (0.36) | 0.00 | 3.95 | 35.18 | |||
| ZS | 1.94 | (0.52) | 0.00 | (0.26) | 0.00 | 4.13 | 18.41 | |||
| NET | 2.43 | 0.01 | 0.04 | 0.08 | 2.28 | 4.61 | 24.93 | |||
| OKTA | 1.95 | 0.10 | 0.09 | 0.13 | 1.83 | 3.74 | 27.01 | |||
| ADBE | 1.56 | (0.42) | 0.00 | (0.32) | 0.00 | 2.95 | 17.01 | |||
| MSFT | 0.94 | (0.05) | (0.05) | 0.03 | 1.08 | 2.11 | 5.31 | |||
| PATH | 2.12 | (0.39) | 0.00 | (0.06) | 0.00 | 4.29 | 15.39 | |||
| CRWD | 1.93 | (0.07) | (0.01) | 0.04 | 2.53 | 3.76 | 14.87 | |||
| MDB | 2.12 | (0.34) | 0.00 | (0.09) | 0.00 | 5.43 | 14.33 | |||
| ORCL | 1.20 | (0.01) | 0.01 | 0.07 | 1.21 | 2.22 | 14.00 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in International Money 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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| All Next | Launch Module |
International Money Corporate Management
Elected by the shareholders, the International Money's board of directors comprises two types of representatives: International Money inside directors who are chosen from within the company, and outside directors, selected externally and held independent of International. The board's role is to monitor International Money's management team and ensure that shareholders' interests are well served. International Money's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, International Money's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Randall Nilsen | Executive Canada | Profile | |
| Ernesto Luciano | Executive Officer | Profile | |
| Christopher Hunt | Chief Officer | Profile | |
| Andras Bende | Chief Officer | Profile | |
| Michael Gallentine | Vice Relations | Profile |
Already Invested in International Money Express?
The danger of trading International Money Express 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 Money 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 Money. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile International Money 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 Money offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of International Money's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of International Money Express Stock. Outlined below are crucial reports that will aid in making a well-informed decision on International Money Express Stock: Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in International Money Express. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in interest. You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.
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When running International Money's price analysis, check to measure International Money'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 Money is operating at the current time. Most of International Money's value examination focuses on studying past and present price action to predict the probability of International Money'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 Money's price. Additionally, you may evaluate how the addition of International Money to your portfolios can decrease your overall portfolio volatility.
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Is International Money's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of International Money. If investors know International will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about International Money listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.454 | Earnings Share 1.63 | Revenue Per Share 16.032 | Quarterly Revenue Growth 0.029 | Return On Assets 0.0106 |
The market value of International Money is measured differently than its book value, which is the value of International that is recorded on the company's balance sheet. Investors also form their own opinion of International Money's value that differs from its market value or its book value, called intrinsic value, which is International Money's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because International Money's market value can be influenced by many factors that don't directly affect International Money's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between International Money's value and its price as these two are different measures arrived at by different means. Investors typically determine if International Money is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, International Money's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.