Income Opportunity Correlations
| IOR Stock | USD 18.00 0.51 2.92% |
The current 90-days correlation between Income Opportunity Realty and IF Bancorp is 0.1 (i.e., Average diversification). The correlation of Income Opportunity 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. If the correlation is 0, the equities are not correlated; they are entirely random.
Income Opportunity Correlation With Market
Significant diversification
The correlation between Income Opportunity Realty and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Income Opportunity Realty and DJI in the same portfolio, assuming nothing else is changed.
Income |
Moving against Income Stock
| 0.53 | DB | Deutsche Bank AG | PairCorr |
| 0.52 | LU | Lufax Holding | PairCorr |
| 0.41 | LX | Lexinfintech Holdings | PairCorr |
| 0.39 | TW | Tradeweb Markets | PairCorr |
| 0.38 | DX | Dynex Capital | PairCorr |
| 0.59 | EMCG | Embrace Change Acqui | PairCorr |
| 0.53 | DMYY | dMY Squared Technology | PairCorr |
| 0.51 | DYCQ | DT Cloud Acquisition | PairCorr |
| 0.39 | EMCGU | Embrace Change Acqui | PairCorr |
| 0.38 | GDSTW | Goldenstone Acquisition | PairCorr |
| 0.36 | WU | Western Union | PairCorr |
| 0.36 | XP | Xp Inc | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
|
Risk-Adjusted Indicators
There is a big difference between Income Stock performing well and Income Opportunity 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 Income Opportunity'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| IROQ | 1.47 | 0.05 | 0.06 | 0.32 | 1.84 | 3.14 | 9.52 | |||
| HVBC | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ICCH | 0.41 | 0.00 | 0.12 | (0.08) | 0.49 | 1.18 | 3.65 | |||
| HFBL | 1.54 | 0.08 | 0.06 | (0.38) | 2.13 | 4.75 | 13.32 | |||
| LSBK | 1.74 | 0.16 | 0.10 | 0.25 | 1.83 | 3.04 | 23.72 |
Income Opportunity Corporate Executives
Elected by the shareholders, the Income Opportunity's board of directors comprises two types of representatives: Income Opportunity inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Income. The board's role is to monitor Income Opportunity's management team and ensure that shareholders' interests are well served. Income Opportunity's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Income Opportunity's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Erik Johnson | Executive CFO | Profile |