INLIF LIMITED Correlations
INLF Stock | 1.02 0.01 0.99% |
The current 90-days correlation between INLIF LIMITED Ordinary and WT Offshore is -0.12 (i.e., Good diversification). The correlation of INLIF LIMITED 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.
INLIF LIMITED Correlation With Market
Significant diversification
The correlation between INLIF LIMITED Ordinary and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding INLIF LIMITED Ordinary and DJI in the same portfolio, assuming nothing else is changed.
Moving together with INLIF Stock
0.64 | CSW | CSW Industrials, Symbol Change | PairCorr |
Moving against INLIF Stock
0.65 | CYD | China Yuchai Interna | PairCorr |
0.6 | ATS | ATS Corporation | PairCorr |
0.58 | BW | Babcock Wilcox Enter | PairCorr |
0.57 | CR | Crane Company Earnings Call This Week | PairCorr |
0.52 | CXT | Crane NXT | PairCorr |
0.43 | PH | Parker Hannifin | PairCorr |
0.42 | IR | Ingersoll Rand Earnings Call This Week | PairCorr |
0.39 | CMI | Cummins Earnings Call This Week | PairCorr |
0.38 | DCI | Donaldson | PairCorr |
0.36 | AME | Ametek Inc Earnings Call Next Week | PairCorr |
0.35 | CVV | CVD Equipment | PairCorr |
0.35 | DOV | Dover Earnings Call Tomorrow | PairCorr |
0.7 | SMR | Nuscale Power Corp Aggressive Push | PairCorr |
0.68 | GHM | Graham | PairCorr |
0.63 | MIR | Mirion Technologies Earnings Call Next Week | PairCorr |
0.63 | NNE | Nano Nuclear Energy | PairCorr |
0.61 | EMR | Emerson Electric | PairCorr |
0.56 | NPO | Enpro Industries | PairCorr |
0.56 | ROK | Rockwell Automation | PairCorr |
0.53 | ETN | Eaton PLC | PairCorr |
0.51 | SYM | Symbotic Buyout Trend | PairCorr |
0.5 | ITT | ITT Inc Earnings Call This Week | PairCorr |
0.5 | RRX | Regal Beloit Earnings Call This Week | PairCorr |
0.44 | PNR | Pentair PLC | PairCorr |
0.44 | SXI | Standex International Earnings Call This Week | PairCorr |
0.38 | GGG | Graco Inc | PairCorr |
0.36 | XMTR | Xometry | PairCorr |
0.35 | ITW | Illinois Tool Works Earnings Call This Week | PairCorr |
Related Correlations Analysis
0.9 | 0.77 | 0.95 | 0.96 | 0.94 | SPHR | ||
0.9 | 0.77 | 0.94 | 0.92 | 0.94 | NXPL | ||
0.77 | 0.77 | 0.84 | 0.83 | 0.84 | WTI | ||
0.95 | 0.94 | 0.84 | 0.98 | 0.98 | MCHP | ||
0.96 | 0.92 | 0.83 | 0.98 | 0.96 | PINS | ||
0.94 | 0.94 | 0.84 | 0.98 | 0.96 | KLAC | ||
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Risk-Adjusted Indicators
There is a big difference between INLIF Stock performing well and INLIF LIMITED 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 INLIF LIMITED'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
SPHR | 2.35 | 0.89 | 0.25 | (5.10) | 2.27 | 6.04 | 17.58 | |||
NXPL | 3.76 | 0.91 | 0.23 | 1.19 | 3.15 | 10.42 | 22.93 | |||
WTI | 3.46 | 0.81 | 0.11 | (1.03) | 4.00 | 8.06 | 24.48 | |||
MCHP | 2.15 | 0.86 | 0.58 | 0.79 | 0.83 | 6.40 | 15.85 | |||
PINS | 1.69 | 0.40 | 0.30 | 0.45 | 1.07 | 4.88 | 15.07 | |||
KLAC | 1.59 | 0.30 | 0.19 | 0.41 | 1.36 | 4.21 | 10.90 |