International Business Correlations

IBM Stock

USD 302.72 5.99 2.02%

The current 90-days correlation between International Business and Accenture plc is 0.05 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as International Business moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if International Business Machines moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

International Business Correlation With Market

Average diversification

The correlation between International Business Machine and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding International Business Machine and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with International Stock

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in International Business Machines. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

Moving together with International Stock

0.66	000555	Digital China Information	Pair Corr
0.66	300300	Strait Innovation	Pair Corr

Moving against International Stock

0.7	DUG	DUG Technology	Pair Corr
0.59	300608	SI TECH Information	Pair Corr
0.48	ORKT	Orangekloud Technology	Pair Corr
0.44	600764	China Marine Information	Pair Corr
0.44	002987	Northking Information	Pair Corr
0.73	ARE	Alexandria Real Estate	Pair Corr
0.72	CYCU	Cycurion Symbol Change	Pair Corr
0.67	DSKYF	Daiichi Sankyo	Pair Corr
0.54	301178	Guangdong TianYiMa	Pair Corr
0.51	CRCL	Circle Internet Group	Pair Corr
0.49	300846	Capitalonline Data	Pair Corr
0.44	ESALF	Eisai	Pair Corr
0.41	301236	iSoftStone Information	Pair Corr
0.37	KYP	Kinatico	Pair Corr

Related Correlations Analysis

	ACN	INFY	III	MGIC	EPAM
ACN		0.81	0.78	0.86	0.86	ACN
INFY	0.81		0.54	0.77	0.84	INFY
III	0.78	0.54		0.57	0.54	III
MGIC	0.86	0.77	0.57		0.95	MGIC
EPAM	0.86	0.84	0.54	0.95		EPAM
	ACN	INFY	III	MGIC	EPAM

Risk-Adjusted Indicators

There is a big difference between International Stock performing well and International Business 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 Business' 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
ACN	1.33	0.10	0.06	0.18	1.44	(1.47)	3.44	(2.61)	7.86
INFY	1.51	0.10	0.04	0.25	1.65	(1.72)	3.54	(2.59)	10.66
III	1.93	0.01	0.01	0.09	2.45	(2.25)	4.07	(3.46)	19.29
MGIC	1.99	0.41	0.16	0.56	2.10	(2.29)	4.98	(3.51)	16.15
EPAM	1.54	0.44	0.23	0.48	1.50	(1.73)	4.35	(2.73)	9.92

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