[2017-DEC] InfoSonics Corp IFON Correlation Histogram

in #stocks7 years ago

X axis : Stocks Price Correlation Coefficient
Y axis : Quantity of stocks

1,000 Day Parameter
3,025 NASDAQ Stocks Price

Analysis
This stock mode of correlation coefficient is -0.7
In other words, the correlation coefficient of the other stocks is the many levels -0.7
Kurtosis of the distribution of the correlation is -1.28, and skew is 0.42

Correlation Histogram Type Description

Zero Correlation Histogram

  • The stock pair is concentrated in the correlation coefficient zero.
  • Case the diversification, Zero type will Overweight of the portfolio.
  • And, Zero type are often low volatility.

Type A Correlation Histogram

  • The stock pair is concentrated in the plus high correlation coefficient and minus high correlation coefficient.
  • The A type will underweight of the portfolio.
  • This is not a normal distribution.

Type B Correlation Histogram

  • The stock pair is concentrated in the plus high correlation coefficient.
  • The B type will underweight of the portfolio.
  • This is not a normal distribution.

Type C Correlation Histogram

  • The stock pair is concentrated in the minus high correlation coefficient.
  • The C type will underweight of the portfolio.
  • This is not a normal distribution.

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