IGG Correlations
| IGGGF Stock | USD 0.51 0.00 0.00% |
The current 90-days correlation between IGG Inc and SSS MicroTec SE is 0.01 (i.e., Significant diversification). The correlation of IGG 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.
IGG Correlation With Market
Pay attention - limited upside
The correlation between IGG Inc and DJI is -0.77 (i.e., Pay attention - limited upside) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding IGG Inc and DJI in the same portfolio, assuming nothing else is changed.
IGG |
The ability to find closely correlated positions to IGG could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace IGG 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 IGG - 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 IGG Inc to buy it.
Moving together with IGG Pink Sheet
| 0.71 | RBLX | Roblox Corp | PairCorr |
| 0.89 | NTDOF | Nintendo Earnings Call This Week | PairCorr |
| 0.89 | NTDOY | Nintendo Co ADR Earnings Call This Week | PairCorr |
Moving against IGG Pink Sheet
| 0.86 | FTCI | FTC Solar | PairCorr |
| 0.86 | SBSW | Sibanye Gold | PairCorr |
| 0.82 | COCSF | Coca Cola FEMSA | PairCorr |
| 0.75 | FNV | Franco Nevada | PairCorr |
| 0.73 | FFMH | First Farmers | PairCorr |
| 0.72 | FELE | Franklin Electric | PairCorr |
| 0.69 | DCI | Donaldson | PairCorr |
| 0.68 | NEXOY | Nexon Co | PairCorr |
| 0.68 | NONOF | Novo Nordisk AS Earnings Call Next Week | PairCorr |
| 0.64 | SEBC | Southeastern Banking Corp | PairCorr |
| 0.63 | JNJ | Johnson Johnson | PairCorr |
| 0.63 | CAAS | China Automotive Systems | PairCorr |
| 0.59 | NEXOF | NEXON Co | PairCorr |
| 0.54 | NETTF | NetEase Inc | PairCorr |
| 0.49 | KB | KB Financial Group | PairCorr |
| 0.46 | LYB | LyondellBasell Industries Earnings Call This Week | PairCorr |
| 0.34 | PNXPF | Planet Ventures | PairCorr |
| 0.86 | TSGZF | Tristar Gold | PairCorr |
| 0.84 | NEM | Newmont Goldcorp Corp Aggressive Push | PairCorr |
| 0.83 | MGPUF | MG Plc | PairCorr |
| 0.83 | BKKLY | Bangkok Bank PCL | PairCorr |
| 0.8 | NXST | Nexstar Broadcasting | PairCorr |
| 0.78 | DLX | Deluxe Earnings Call This Week | PairCorr |
| 0.77 | ZIJMF | Zijin Mining Group | PairCorr |
| 0.76 | DHC | Diversified Healthcare | PairCorr |
| 0.75 | MARUF | Marubeni Earnings Call Next Week | PairCorr |
| 0.75 | AEM | Agnico Eagle Mines | PairCorr |
| 0.74 | PNTRF | Pantera Silver Corp Earnings Call This Week | PairCorr |
Related Correlations Analysis
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 IGG Pink Sheet performing well and IGG 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 IGG'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BOYAF | 1.34 | (0.80) | 0.00 | (0.51) | 0.00 | 0.00 | 39.24 | |||
| SESMF | 2.43 | 0.50 | 0.04 | 1.11 | 3.51 | 7.80 | 32.32 | |||
| VARXF | 0.22 | (0.07) | 0.00 | (14.14) | 0.00 | 0.00 | 4.29 | |||
| GREZF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| WACMY | 0.03 | (0.03) | 0.00 | 1.53 | 0.00 | 0.00 | 0.45 | |||
| EVTZF | 1.14 | 0.19 | 0.02 | (0.43) | 1.59 | 6.93 | 15.90 | |||
| OKIEF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| YHEKF | 1.20 | (0.49) | 0.00 | 0.60 | 0.00 | 0.00 | 40.00 | |||
| NPACY | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| TRCLF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in IGG 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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