International Container Correlations

ICTEF Stock

USD 6.42 0.41 6.00%

The current 90-days correlation between International Container and Nippon Yusen Kabushiki is 0.16 (i.e., Average diversification). The correlation of International Container 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.

International Container Correlation With Market

Significant diversification

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

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

Moving together with International Pink Sheet

0.67	PKX	POSCO Holdings	Pair Corr
0.64	IQ	iQIYI Inc Aggressive Push	Pair Corr

Moving against International Pink Sheet

0.73	CTBB	Qwest Corp NT	Pair Corr
0.71	CTDD	Qwest Corp 6	Pair Corr
0.67	SOFI	SoFi Technologies Aggressive Push	Pair Corr
0.66	AMKBY	AP Moeller Maersk	Pair Corr
0.66	AMKBF	AP Mller	Pair Corr
0.61	CRS	Carpenter Technology	Pair Corr
0.43	TKURF	Tokyu REIT	Pair Corr
0.41	AMKAF	AP Moeller	Pair Corr
0.7	IONQ	IONQ Inc Upward Rally	Pair Corr
0.7	NFLX	Netflix Fiscal Year End 28th of January 2025	Pair Corr
0.7	ET	Energy Transfer LP	Pair Corr
0.69	PLTR	Palantir Technologies Buyout Trend	Pair Corr
0.69	BFLY	Butterfly Network	Pair Corr
0.69	LUNR	Intuitive Machines	Pair Corr
0.64	BAC	Bank of America Fiscal Year End 10th of January 2025	Pair Corr
0.64	BBAI	BigBearai Holdings	Pair Corr
0.62	SOUN	SoundHound AI Upward Rally	Pair Corr
0.58	PYPL	PayPal Holdings Aggressive Push	Pair Corr
0.58	FUND	Sprott Focus Trust	Pair Corr
0.55	RUM	Rumble Inc	Pair Corr
0.54	INMD	InMode	Pair Corr
0.47	APLD	Applied Blockchain	Pair Corr
0.43	AVTE	Aerovate Therapeutics	Pair Corr
0.39	GOOG	Alphabet Class C Aggressive Push	Pair Corr
0.34	RXRX	Recursion Pharmaceuticals	Pair Corr

Related Correlations Analysis

	HLAGF	NPNYY	CICOY	AMKAF	OROVY	MSLOY	OROVF	GOGL	GNK
HLAGF		0.13	0.6	0.51	0.41	0.28	-0.19	-0.02	-0.11	HLAGF
NPNYY	0.13		0.2	-0.06	0.12	0.18	0.35	0.58	0.52	NPNYY
CICOY	0.6	0.2		0.45	0.69	0.09	0.04	0.07	0.02	CICOY
AMKAF	0.51	-0.06	0.45		0.24	0.61	-0.41	-0.24	-0.1	AMKAF
OROVY	0.41	0.12	0.69	0.24		0.06	0.46	0.31	0.22	OROVY
MSLOY	0.28	0.18	0.09	0.61	0.06		-0.2	0.1	0.26	MSLOY
OROVF	-0.19	0.35	0.04	-0.41	0.46	-0.2		0.78	0.69	OROVF
GOGL	-0.02	0.58	0.07	-0.24	0.31	0.1	0.78		0.95	GOGL
GNK	-0.11	0.52	0.02	-0.1	0.22	0.26	0.69	0.95		GNK
	HLAGF	NPNYY	CICOY	AMKAF	OROVY	MSLOY	OROVF	GOGL	GNK

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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

GNK	+ 0.95	GOGL
GOGL	+ 0.78	OROVF
OROVY	+ 0.69	CICOY
GNK	+ 0.69	OROVF
MSLOY	+ 0.61	AMKAF
CICOY	+ 0.6	HLAGF

High negative correlations

OROVF	- 0.41	AMKAF
GOGL	- 0.24	AMKAF
OROVF	- 0.2	MSLOY
OROVF	- 0.19	HLAGF
GNK	- 0.11	HLAGF
GNK	- 0.1	AMKAF

Risk-Adjusted Indicators

There is a big difference between International Pink Sheet performing well and International Container 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 International Container'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
HLAGF	1.98	0.20	0.03	0.70	2.46	(4.59)	5.42	(5.34)	24.56
NPNYY	1.59	0.00	(0.03)	0.07	2.43	(1.62)	3.43	(2.77)	14.63
CICOY	2.50	0.53	0.11	(1.01)	2.98	(2.91)	6.15	(4.93)	13.70
AMKAF	1.77	0.26	0.04	0.93	2.14	(3.50)	6.20	(4.91)	24.11
OROVY	1.28	0.16	0.01	1.32	2.00	(2.82)	3.93	(3.19)	16.92
MSLOY	1.32	0.05	0.00	0.20	2.12	(1.22)	3.05	(2.82)	10.51
OROVF	0.52	(0.21)	0.00	(0.48)	0.00	0.00	0.00	(1.79)	11.82
GOGL	1.59	(0.36)	0.00	(1.02)	0.00	0.00	3.76	(3.53)	14.22
GNK	1.44	(0.25)	0.00	(0.30)	0.00	0.00	2.36	(3.33)	9.22

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Our tools can tell you how much better you can do entering a position in International Container 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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