Innovid Corp Correlations
| CTV Stock | USD 2.34 0.06 2.63% |
The correlation of Innovid Corp 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Innovid Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Innovid Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Modest diversification
The correlation between Innovid Corp and NYA is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Innovid Corp and NYA in the same portfolio, assuming nothing else is changed.
Innovid |
The ability to find closely correlated positions to Innovid Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Innovid Corp 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 Innovid Corp - 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 Innovid Corp to buy it.
Moving together with Innovid Stock
| 0.81 | DIS | Walt Disney Sell-off Trend | PairCorr |
| 0.73 | CURIW | CuriosityStream | PairCorr |
| 0.83 | IQ | iQIYI Inc Financial Report 21st of May 2024 | PairCorr |
Moving against Innovid Stock
| 0.91 | GDEVW | Nexters Warrant | PairCorr |
| 0.88 | TU | Telus Corp Sell-off Trend | PairCorr |
| 0.8 | EA | Electronic Arts Financial Report 14th of May 2024 | PairCorr |
| 0.76 | Z | Zillow Group Class Earnings Call This Week | PairCorr |
| 0.75 | ZG | Zillow Group Financial Report 1st of May 2024 | PairCorr |
| 0.72 | EMWPF | Eros Media World | PairCorr |
| 0.7 | ZD | Ziff Davis Financial Report 14th of May 2024 | PairCorr |
| 0.6 | ZH | Zhihu Inc ADR | PairCorr |
| 0.59 | TC | TuanChe ADR | PairCorr |
| 0.58 | DLPN | Dolphin Entertainment | PairCorr |
Related Correlations Analysis
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Be your own money manager
Our tools can tell you how much better you can do entering a position in Innovid Corp 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.Did you try this?
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Innovid Corp Corporate Management
Elected by the shareholders, the Innovid Corp's board of directors comprises two types of representatives: Innovid Corp inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Innovid. The board's role is to monitor Innovid Corp's management team and ensure that shareholders' interests are well served. Innovid Corp'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, Innovid Corp's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Tanya AndreevKaspin | Executive Officer | Profile | |
| Tim Braz | VP Sales | Profile | |
| Stephanie Geno | Chief Officer | Profile | |
| Stephen Cook | General Counsel | Profile | |
| Ken Markus | Chief Officer | Profile | |
| John Williams | Head Relations | Profile |
Already Invested in Innovid Corp?
The danger of trading Innovid Corp is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Innovid Corp is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Innovid Corp. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Innovid Corp is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Innovid Corp is a strong investment it is important to analyze Innovid Corp's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Innovid Corp's future performance. For an informed investment choice regarding Innovid Stock, refer to the following important reports: Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Innovid Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. For more information on how to buy Innovid Stock please use our How to Invest in Innovid Corp guide.You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
Complementary Tools for Innovid Stock analysis
When running Innovid Corp's price analysis, check to measure Innovid Corp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Innovid Corp is operating at the current time. Most of Innovid Corp's value examination focuses on studying past and present price action to predict the probability of Innovid Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Innovid Corp's price. Additionally, you may evaluate how the addition of Innovid Corp to your portfolios can decrease your overall portfolio volatility.
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Is Innovid Corp's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Innovid Corp. If investors know Innovid will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Innovid Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.23) | Revenue Per Share 1.009 | Quarterly Revenue Growth 0.146 | Return On Assets (0.04) | Return On Equity (0.16) |
The market value of Innovid Corp is measured differently than its book value, which is the value of Innovid that is recorded on the company's balance sheet. Investors also form their own opinion of Innovid Corp's value that differs from its market value or its book value, called intrinsic value, which is Innovid Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Innovid Corp's market value can be influenced by many factors that don't directly affect Innovid Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Innovid Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Innovid Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Innovid Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.