Ilika Plc Correlations

ILIKF Stock  USD 0.25  0.01  3.85%   
The current 90-days correlation between Ilika plc and NeoVolta Common Stock is -0.09 (i.e., Good diversification). The correlation of Ilika Plc 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.

Ilika Plc Correlation With Market

Modest diversification

The correlation between Ilika plc and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ilika plc and DJI in the same portfolio, assuming nothing else is changed.
  
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Moving together with Ilika OTC Stock

  0.75SHG Shinhan FinancialPairCorr
  0.77BCH Banco De ChilePairCorr
  0.72PFE Pfizer Inc Fiscal Year End 4th of February 2025 PairCorr
  0.85MRK Merck Company Fiscal Year End 6th of February 2025 PairCorr
  0.71JNJ Johnson Johnson Fiscal Year End 28th of January 2025 PairCorr
  0.84KO Coca Cola Fiscal Year End 11th of February 2025 PairCorr

Moving against Ilika OTC Stock

  0.78VRT Vertiv HoldingsPairCorr
  0.67NVT nVent Electric PLCPairCorr
  0.64FNMFO Federal National Mortgage TrendingPairCorr
  0.62MIELY Mitsubishi Electric CorpPairCorr
  0.52KB KB Financial GroupPairCorr
  0.5MIELF Mitsubishi ElectricPairCorr
  0.45CIB Bancolombia SA ADRPairCorr
  0.31AVAL Grupo AvalPairCorr
  0.75CSCO Cisco Systems Aggressive PushPairCorr
  0.74JPM JPMorgan Chase Fiscal Year End 10th of January 2025 PairCorr
  0.65DIS Walt DisneyPairCorr
  0.63TRV The Travelers Companies Fiscal Year End 17th of January 2025 PairCorr
  0.63AA Alcoa Corp Fiscal Year End 15th of January 2025 PairCorr
  0.59INTC Intel Downward RallyPairCorr
  0.59AXP American Express Fiscal Year End 24th of January 2025 PairCorr
  0.57T ATT Inc Aggressive PushPairCorr
  0.57HPQ HP IncPairCorr
  0.54WMT Walmart Aggressive PushPairCorr
  0.43CAT Caterpillar Fiscal Year End 3rd of February 2025 PairCorr

Related Correlations Analysis

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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   
NVNXFNVX
ZAIRFNHHHF
ZAIRFEXROF
NHHHFEXROF
HYEGEXROF
REFXFEXROF
  
High negative correlations   
ZAIRFMNSEF
NVNXFEXROF
EXROFNVX
NHHHFMNSEF
ZAIRFNVX
HYEGNVNXF

Risk-Adjusted Indicators

There is a big difference between Ilika OTC Stock performing well and Ilika Plc OTC Stock 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 Ilika Plc'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
NVX  5.08  0.57  0.09  0.92  5.19 
 16.33 
 65.77 
MNSEF  13.55  2.02  0.09  0.63  14.51 
 50.00 
 141.39 
EXROF  6.85 (1.21) 0.00 (0.16) 0.00 
 19.57 
 52.99 
NHHHF  7.14  0.49  0.01  3.20  10.52 
 21.95 
 83.33 
NVNXF  4.55  0.46  0.09  0.63  4.17 
 10.64 
 51.42 
ZAIRF  6.13 (0.58) 0.00  0.87  0.00 
 16.67 
 60.94 
LPENF  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
REFXF  45.19  16.91  0.20 (7,687) 24.50 
 46.00 
 779.00 
HYEG  36.84  19.92  0.00 (0.48) 0.00 
 17.14 
 1,095 

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Our tools can tell you how much better you can do entering a position in Ilika Plc 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.

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