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

Moving together with INLIF Stock

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Moving against INLIF Stock

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Related Correlations Analysis

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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.