Innodata Correlations

Innodata Correlation With Market

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Innodata. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons. For information on how to trade Innodata Stock refer to our How to Trade Innodata Stock guide.

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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    LDWY + 0.91 KTCC LDWY + 0.86 ISSC ISSC + 0.84 BBAI KTCC + 0.84 ISSC III + 0.81 ISSC III + 0.8 LDWY

High negative correlations    ISSC - 0.85 GDYN LDWY - 0.72 GDYN KTCC - 0.69 GDYN GDYN - 0.67 BBAI III - 0.5 GDYN LDWY - 0.07 NOTE

Risk-Adjusted Indicators

There is a big difference between Innodata Stock performing well and Innodata 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 Innodata'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.