Immersion Correlations

IMMR Stock

USD 8.90 0.89 9.09%

The current 90-days correlation between Immersion and American Software is 0.26 (i.e., Modest diversification). The correlation of Immersion 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.

Immersion Correlation With Market

Very weak diversification

The correlation between Immersion and DJI is 0.44 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Immersion 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 Immersion. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

To learn how to invest in Immersion Stock, please use our How to Invest in Immersion guide.

Moving together with Immersion Stock

0.69	EXTR	Extreme Networks	Pair Corr
0.71	QBTS	D Wave Quantum Trending	Pair Corr
0.63	SSYS	Stratasys	Pair Corr
0.63	CIEN	Ciena Corp Tech Boost	Pair Corr
0.71	CAN	Canaan Inc	Pair Corr
0.65	MRVL	Marvell Technology	Pair Corr

Moving against Immersion Stock

0.71	DM	Desktop Metal	Pair Corr
0.44	STX	Seagate Technology PLC	Pair Corr
0.43	INFN	Infinera Sell-off Trend	Pair Corr
0.39	JNPR	Juniper Networks	Pair Corr
0.32	HPQ	HP Inc	Pair Corr
0.51	AMD	Advanced Micro Devices	Pair Corr
0.31	CLFD	Clearfield	Pair Corr
0.31	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.49	PKX	POSCO Holdings	Pair Corr
0.42	PHJMF	PT Hanjaya Mandala	Pair Corr

Related Correlations Analysis

	AMSWA	MLNK	MODN	CCRD	MNTV	MIXT	ENFN	ALKT	KARO	XPER
AMSWA		0.15	0.74	0.58	0.58	-0.86	0.63	0.76	0.43	0.13	AMSWA
MLNK	0.15		-0.24	0.56	-0.28	-0.21	0.28	0.26	0.3	0.04	MLNK
MODN	0.74	-0.24		0.3	0.63	-0.69	0.34	0.7	0.21	0.17	MODN
CCRD	0.58	0.56	0.3		0.18	-0.68	0.87	0.64	0.73	0.38	CCRD
MNTV	0.58	-0.28	0.63	0.18		-0.49	0.45	0.49	0.21	0.19	MNTV
MIXT	-0.86	-0.21	-0.69	-0.68	-0.49		-0.68	-0.81	-0.42	-0.1	MIXT
ENFN	0.63	0.28	0.34	0.87	0.45	-0.68		0.61	0.72	0.45	ENFN
ALKT	0.76	0.26	0.7	0.64	0.49	-0.81	0.61		0.48	0.43	ALKT
KARO	0.43	0.3	0.21	0.73	0.21	-0.42	0.72	0.48		0.59	KARO
XPER	0.13	0.04	0.17	0.38	0.19	-0.1	0.45	0.43	0.59		XPER
	AMSWA	MLNK	MODN	CCRD	MNTV	MIXT	ENFN	ALKT	KARO	XPER

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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

ENFN	+ 0.87	CCRD
ALKT	+ 0.76	AMSWA
MODN	+ 0.74	AMSWA
KARO	+ 0.73	CCRD
KARO	+ 0.72	ENFN
ALKT	+ 0.7	MODN

High negative correlations

MIXT	- 0.86	AMSWA
ALKT	- 0.81	MIXT
MIXT	- 0.69	MODN
ENFN	- 0.68	MIXT
MIXT	- 0.68	CCRD
MIXT	- 0.49	MNTV

Risk-Adjusted Indicators

There is a big difference between Immersion Stock performing well and Immersion 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 Immersion'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
AMSWA	1.44	0.28	0.18	0.76	1.18	(1.67)	3.79	(2.53)	10.40
MLNK	1.48	(0.11)	0.00	(0.35)	0.00	0.00	2.20	(3.00)	9.92
MODN	0.50	0.16	0.17	(1.67)	0.29	(0.69)	1.01	(0.50)	10.58
CCRD	2.27	0.55	0.24	0.57	1.98	(2.75)	5.68	(3.40)	10.04
MNTV	0.90	0.49	2.54	4.58	0.00	(1.77)	0.43	(0.21)	20.63
MIXT	2.00	(0.16)	0.00	0.28	0.00	0.00	3.52	(3.34)	12.12
ENFN	1.58	0.43	0.25	(1.65)	1.40	(2.01)	3.93	(2.90)	10.11
ALKT	2.00	0.41	0.16	3.57	2.08	(2.29)	5.03	(4.11)	12.66
KARO	3.07	0.29	0.06	3.06	4.18	(3.35)	7.91	(6.64)	25.82
XPER	1.95	0.31	0.10	2.04	2.68	(2.15)	4.10	(3.01)	17.48

Immersion Corporate Management

Leonard Wood	Chief Officer	Profile
Sophie Laval	Head Resources	Profile
Aaron Akerman	CFO Treasurer	Profile
Eric Singer	Ex Chairperson	Profile
Yeshwant Muthusamy	Chief Officer	Profile
James Dodson	Chief Officer	Profile

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