INFOMEDIA FPO Related Correlations

IFM -  Australia Stock  

AUD 1.67  0.01  0.60%

Generate correlation matrix for INFOMEDIA FPO and other related equities to check the degree to which INFOMEDIA FPO price movement is correlated to its related entities. Use comma (,) to separate each symbol. If not specified, the peers will be provided automatically based on Macroaxis sector classification standards for INFOMEDIA FPO. To filter out specific equities, please toggle its corresponding legend item. Please see Risk vs Return Analysis.
Please note, there is a significant difference between INFOMEDIA FPO's value and its price as these two are different measures arrived at by different means. Investors typically determine INFOMEDIA FPO value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, INFOMEDIA FPO'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.

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Correlations

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Correlation Matchups

The Correlation Coefficient is a useful tool to identify correlated or non-correlated securities, which is essential in developing a diversified portfolio. It tells us the relationship between two positions you have in your portfolio or considering acquiring. Over a given time period, the two securities movetogether 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   
CAR
IGL
IGL
GTN
CAR
GTN
CTD
GTN
CTD
IGL
REA
NWS
Insignificant correlation   
OML
NWS
OML
IGL
OML
CAR
HT1
SEK
CAR
SEK
OML
HT1
High negative correlations   
REA
CAR
CAR
NWS
REA
IGL
IGL
NWS
REA
GTN
CTD
REA

INFOMEDIA FPO Competition Risk-Adjusted Indicators

Nowadays, there is a big difference between INFOMEDIA FPO stock performing well and INFOMEDIA FPO company doing well compared to the competition. There are way too many exceptions to the normal that investors can tell for sure what's good or bad unless they analyze INFOMEDIA FPO's multiple risk-adjusted performance indicators. 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
Information
Ratio
Expected
Shortfall
Potential
Upside
Value
At Risk
Maximum
Drawdown
SEK
 1.43 (0.02) (0.01)  0.00  1.80 (0.0107) (1.49)  2.38 (2.70)  8.09 
NWS
 1.31 (0.19)  0.00 (0.70)  0.00 (0.1)  0.00  2.31 (2.75)  16.97 
GTN
 3.28  0.30  0.06  1.96  3.38  0.06 (5.72)  7.32 (7.89)  34.30 
HT1
 1.91  0.03  0.01  0.11  2.19  0.0086 (2.48)  4.49 (4.12)  11.75 
IGL
 1.94  0.07  0.02 (0.19)  1.91  0.0176 (2.97)  4.93 (3.57)  10.91 
CAR
 1.17  0.46  0.40  0.88  0.57  0.29 (1.48)  2.65 (1.45)  10.88 
REA
 1.13 (0.09)  0.00 (0.14)  0.00 (0.06)  0.00  2.76 (2.75)  7.60 
OML
 2.30  0.06  0.01 (0.20)  2.56  0.0128 (3.11)  5.71 (4.91)  18.21 
CTD
 2.12  0.10  0.03 (0.37)  2.38  0.0303 (2.36)  4.87 (3.90)  10.63