IACInterActiveCorp Correlations

I1AC34 Stock

BRL 13.10 0.36 2.83%

The current 90-days correlation between IACInterActiveCorp and Airbnb Inc is -0.17 (i.e., Good diversification). The correlation of IACInterActiveCorp 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.

IACInterActiveCorp Correlation With Market

Good diversification

The correlation between IACInterActiveCorp and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding IACInterActiveCorp and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to IACInterActiveCorp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace IACInterActiveCorp 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 IACInterActiveCorp - 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 IACInterActiveCorp to buy it.

Moving against IACInterActiveCorp Stock

0.6	TMCO34	Toyota Motor	Pair Corr
0.5	SNEC34	Sony Group Split	Pair Corr
0.46	GOGL34	Alphabet	Pair Corr
0.44	GOGL35	Alphabet	Pair Corr
0.41	T1WL34	Twilio Inc	Pair Corr
0.39	S1PO34	Spotify Technology	Pair Corr
0.37	H1DB34	HDFC Bank Limited	Pair Corr
0.36	M1UF34	Mitsubishi UFJ Financial	Pair Corr
0.36	S1MF34	Sumitomo Mitsui Financial	Pair Corr
0.34	M1TA34	Meta Platforms	Pair Corr
0.34	NMRH34	Nomura Holdings	Pair Corr
0.54	CTKA3	Karsten SA	Pair Corr
0.52	AAPL34	Apple Inc	Pair Corr
0.51	TSLA34	Tesla Inc	Pair Corr
0.47	WALM34	Walmart	Pair Corr
0.46	A1VY34	A1VY34	Pair Corr
0.44	AMZO34	Amazon Inc	Pair Corr
0.43	CAON34	Capital One Financial	Pair Corr
0.42	MSFT34	Microsoft	Pair Corr
0.42	VISA34	Visa Inc	Pair Corr
0.41	COWC34	Costco Wholesale	Pair Corr
0.37	HONB34	Honeywell International	Pair Corr

Related Correlations Analysis

	GOGL35	GOGL34	M1TA34	AIRB34	BIDU34	S1PO34	A1TH34	T1WL34	I1AC34	CASH3
GOGL35		0.98	0.89	0.74	-0.18	0.79	-0.33	0.88	-0.44	-0.87	GOGL35
GOGL34	0.98		0.9	0.76	-0.18	0.79	-0.32	0.88	-0.46	-0.86	GOGL34
M1TA34	0.89	0.9		0.77	-0.05	0.8	-0.09	0.84	-0.34	-0.82	M1TA34
AIRB34	0.74	0.76	0.77		-0.44	0.79	-0.4	0.85	-0.29	-0.76	AIRB34
BIDU34	-0.18	-0.18	-0.05	-0.44		-0.43	0.7	-0.41	0.02	0.21	BIDU34
S1PO34	0.79	0.79	0.8	0.79	-0.43		-0.47	0.96	-0.39	-0.78	S1PO34
A1TH34	-0.33	-0.32	-0.09	-0.4	0.7	-0.47		-0.46	0.24	0.21	A1TH34
T1WL34	0.88	0.88	0.84	0.85	-0.41	0.96	-0.46		-0.41	-0.84	T1WL34
I1AC34	-0.44	-0.46	-0.34	-0.29	0.02	-0.39	0.24	-0.41		0.39	I1AC34
CASH3	-0.87	-0.86	-0.82	-0.76	0.21	-0.78	0.21	-0.84	0.39		CASH3
	GOGL35	GOGL34	M1TA34	AIRB34	BIDU34	S1PO34	A1TH34	T1WL34	I1AC34	CASH3

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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

GOGL34	+ 0.98	GOGL35
T1WL34	+ 0.96	S1PO34
M1TA34	+ 0.9	GOGL34
M1TA34	+ 0.89	GOGL35
T1WL34	+ 0.88	GOGL35
T1WL34	+ 0.88	GOGL34

High negative correlations

CASH3	- 0.87	GOGL35
CASH3	- 0.86	GOGL34
CASH3	- 0.84	T1WL34
CASH3	- 0.82	M1TA34
CASH3	- 0.78	S1PO34
CASH3	- 0.76	AIRB34

Risk-Adjusted Indicators

There is a big difference between IACInterActiveCorp Stock performing well and IACInterActiveCorp 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 IACInterActiveCorp'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
GOGL35	1.49	0.45	0.26	(1.44)	1.39	(1.80)	3.91	(2.04)	8.33
GOGL34	1.58	0.47	0.24	(1.17)	1.52	(1.94)	4.66	(2.48)	10.24
M1TA34	1.59	0.27	0.13	9.77	1.73	(1.72)	4.21	(2.73)	10.27
AIRB34	1.69	0.23	0.07	(1.70)	2.60	(1.77)	3.21	(3.00)	20.18
BIDU34	2.38	0.18	0.05	(0.44)	2.65	(2.89)	5.67	(5.32)	14.79
S1PO34	1.79	0.50	0.21	(2.41)	2.07	(2.03)	3.11	(3.00)	18.04
A1TH34	1.92	0.18	0.05	5.06	2.80	(1.95)	4.02	(4.00)	14.03
T1WL34	1.80	1.01	0.68	1.18	0.31	(2.45)	4.94	(1.82)	17.95
I1AC34	1.16	(0.06)	0.00	0.27	0.00	0.00	4.31	(5.39)	21.30
CASH3	2.20	(0.57)	0.00	15.60	0.00	0.00	4.86	(4.19)	16.73

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Our tools can tell you how much better you can do entering a position in IACInterActiveCorp 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.

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IACInterActiveCorp Corporate Management

Elected by the shareholders, the IACInterActiveCorp's board of directors comprises two types of representatives: IACInterActiveCorp inside directors who are chosen from within the company, and outside directors, selected externally and held independent of IACInterActiveCorp. The board's role is to monitor IACInterActiveCorp's management team and ensure that shareholders' interests are well served. IACInterActiveCorp'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, IACInterActiveCorp's outside directors are responsible for providing unbiased perspectives on the board's policies.

Joanne Hawkins	Sr Counsel	Profile
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