Intchains Group Correlations

ICG Stock

2.36 0.08 3.28%

The current 90-days correlation between Intchains Group and Biglari Holdings is 0.16 (i.e., Average diversification). The correlation of Intchains Group 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.

Intchains Group Correlation With Market

Modest diversification

The correlation between Intchains Group Limited and DJI is 0.29 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Intchains Group Limited and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Intchains Stock

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

Moving together with Intchains Stock

0.87	DQ	Daqo New Energy	Pair Corr
0.83	MU	Micron Technology Aggressive Push	Pair Corr
0.86	MX	MagnaChip Semiconductor Tech Boost	Pair Corr
0.81	ON	ON Semiconductor	Pair Corr
0.94	ENTG	Entegris	Pair Corr
0.74	ADI	Analog Devices Sell-off Trend	Pair Corr
0.65	ARM	Arm Holdings plc	Pair Corr
0.82	ASX	ASE Industrial Holding	Pair Corr
0.81	FORM	FormFactor	Pair Corr
0.79	GFS	Globalfoundries Sell-off Trend	Pair Corr
0.71	STM	STMicroelectronics NV ADR	Pair Corr
0.84	TER	Teradyne Sell-off Trend	Pair Corr
0.73	INDI	indie Semiconductor	Pair Corr
0.73	INTC	Intel	Pair Corr
0.89	KLIC	Kulicke and Soffa	Pair Corr
0.72	MCHP	Microchip Technology	Pair Corr
0.78	OLED	Universal Display	Pair Corr
0.65	QRVO	Qorvo Inc	Pair Corr
0.72	ACLS	Axcelis Technologies	Pair Corr
0.64	AEHR	Aehr Test Systems	Pair Corr
0.85	AMKR	Amkor Technology	Pair Corr
0.65	ASML	ASML Holding NV	Pair Corr
0.62	SWKS	Skyworks Solutions	Pair Corr
0.76	BTCT	BTC Digital	Pair Corr
0.69	TSEM	Tower Semiconductor	Pair Corr
0.75	CRUS	Cirrus Logic	Pair Corr
0.71	S	SentinelOne	Pair Corr
0.79	IT	Gartner	Pair Corr
0.66	KD	Kyndryl Holdings	Pair Corr
0.79	EPAM	EPAM Systems	Pair Corr

Moving against Intchains Stock

0.34

UMC

United Microelectronics Aggressive Push

Pair Corr

Related Correlations Analysis

	BH	KLAC	ACLS	STM	SWKS	AMD	RHP
BH		0.69	0.6	0.62	0.39	0.56	0.64	BH
KLAC	0.69		0.85	0.84	0.69	0.92	0.81	KLAC
ACLS	0.6	0.85		0.92	0.81	0.84	0.94	ACLS
STM	0.62	0.84	0.92		0.77	0.79	0.87	STM
SWKS	0.39	0.69	0.81	0.77		0.77	0.81	SWKS
AMD	0.56	0.92	0.84	0.79	0.77		0.84	AMD
RHP	0.64	0.81	0.94	0.87	0.81	0.84		RHP
	BH	KLAC	ACLS	STM	SWKS	AMD	RHP

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Risk-Adjusted Indicators

There is a big difference between Intchains Stock performing well and Intchains Group 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 Intchains Group'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
BH	2.22	0.06	0.02	0.00	2.88	(2.17)	5.50	(4.46)	12.72
KLAC	2.50	0.25	0.06	0.08	3.29	(2.58)	4.87	(5.33)	23.93
ACLS	2.75	0.20	0.04	0.06	3.96	(2.78)	6.44	(7.53)	22.10
STM	2.95	0.31	0.06	0.09	3.52	(3.54)	7.16	(5.88)	33.85
SWKS	2.44	0.22	0.08	(0.65)	3.60	(2.53)	5.01	(7.01)	33.17
AMD	2.89	0.22	0.04	0.04	3.88	(2.82)	5.13	(7.35)	32.23
RHP	1.72	0.03	0.00	(0.03)	0.00	0.00	3.28	(4.01)	14.99

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