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 0.04 (i.e., Significant 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
Good diversification
The correlation between Ilika plc and DJI is -0.04 (i.e., Good 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.
Ilika |
The ability to find closely correlated positions to Ilika Plc could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ilika Plc 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 Ilika Plc - 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 Ilika plc to buy it.
Moving together with Ilika OTC Stock
Moving against Ilika OTC Stock
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| 0.61 | MIELY | Mitsubishi Electric Corp | PairCorr |
| 0.6 | MIELF | Mitsubishi Electric | PairCorr |
| 0.42 | MET | MetLife | PairCorr |
| 0.36 | 2457 | Phihong Technology | PairCorr |
| 0.35 | AGFY | Agrify Corp | PairCorr |
| 0.34 | BRK-A | Berkshire Hathaway | PairCorr |
| 0.86 | GOOGL | Alphabet Class A Aggressive Push | PairCorr |
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| 0.83 | NVDA | NVIDIA Aggressive Push | PairCorr |
| 0.81 | CSCO | Cisco Systems | PairCorr |
| 0.79 | HA | Hawaiian Holdings | PairCorr |
| 0.78 | PANW | Palo Alto Networks | PairCorr |
| 0.78 | OZK | Bank Ozk Fiscal Year End 16th of January 2025 | PairCorr |
| 0.77 | PLTR | Palantir Technologies Aggressive Push | PairCorr |
| 0.73 | OMIC | Singular Genomics Systems | PairCorr |
| 0.71 | TATT | Tat Techno | PairCorr |
| 0.7 | T | ATT Inc Aggressive Push | PairCorr |
| 0.7 | OPFI | OppFi Inc | PairCorr |
| 0.63 | DECK | Deckers Outdoor | PairCorr |
| 0.6 | JXN-PA | Jackson Financial | PairCorr |
| 0.58 | FTI | TechnipFMC PLC | 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
| High negative correlations
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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 Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| NVX | 5.06 | 0.06 | 0.07 | 0.15 | 5.23 | 16.33 | 65.77 | |||
| MNSEF | 14.47 | 3.04 | 0.09 | (1.36) | 15.16 | 50.00 | 141.39 | |||
| EXROF | 7.17 | (1.51) | 0.00 | (0.23) | 0.00 | 19.57 | 52.99 | |||
| NHHHF | 6.82 | 0.65 | 0.01 | (0.41) | 10.24 | 21.95 | 83.33 | |||
| NVNXF | 4.50 | 0.16 | 0.06 | 0.21 | 4.18 | 10.64 | 51.42 | |||
| ZAIRF | 6.17 | (1.17) | 0.00 | (0.43) | 0.00 | 16.67 | 60.94 | |||
| LPENF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| REFXF | 43.90 | 14.86 | 0.19 | 1.45 | 24.09 | 46.00 | 779.00 | |||
| HYEG | 43.24 | 14.37 | 0.00 | 0.51 | 0.00 | 20.00 | 1,358 |
Be your own money manager
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.Did you try this?
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