InfuSystems Holdings Correlations
| INFU Stock | USD 7.51 0.11 1.44% |
The correlation of InfuSystems Holdings 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 InfuSystems Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if InfuSystems Holdings 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.
Good diversification
The correlation between InfuSystems Holdings and NYA is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding InfuSystems Holdings and NYA in the same portfolio, assuming nothing else is changed.
InfuSystems |
The ability to find closely correlated positions to InfuSystems Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace InfuSystems Holdings 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 InfuSystems Holdings - 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 InfuSystems Holdings to buy it.
Moving together with InfuSystems Stock
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Moving against InfuSystems Stock
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Related Correlations Analysis
| -0.62 | -0.05 | 0.37 | 0.63 | ELMD | ||
| -0.62 | -0.43 | 0.37 | -0.87 | ISDR | ||
| -0.05 | -0.43 | -0.59 | 0.36 | IRIX | ||
| 0.37 | 0.37 | -0.59 | -0.27 | MLSS | ||
| 0.63 | -0.87 | 0.36 | -0.27 | JYNT | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between InfuSystems Stock performing well and InfuSystems Holdings 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 InfuSystems Holdings' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ELMD | 2.85 | 0.75 | 0.32 | 0.63 | 1.99 | 6.67 | 31.67 | |||
| ISDR | 1.85 | (0.46) | 0.00 | (0.64) | 0.00 | 3.73 | 11.82 | |||
| IRIX | 3.14 | 0.19 | 0.03 | (1.03) | 3.69 | 6.25 | 23.91 | |||
| MLSS | 2.82 | 0.15 | 0.01 | (0.12) | 3.16 | 6.25 | 17.27 | |||
| JYNT | 2.80 | 0.52 | 0.14 | (2.15) | 2.71 | 8.05 | 36.17 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in InfuSystems Holdings 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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InfuSystems Holdings Corporate Directors
InfuSystems Holdings corporate directors refer to members of an InfuSystems Holdings board of directors. The board of directors generally takes responsibility for the InfuSystems Holdings' affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of InfuSystems Holdings' board members must vote for the resolution. The InfuSystems Holdings board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Darrell Montgomery | Director | Profile | |
| Scott Shuda | Director | Profile | |
| Joseph Whitters | Independent Director | Profile | |
| Christopher Sansone | Director | Profile |
Already Invested in InfuSystems Holdings?
The danger of trading InfuSystems Holdings 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 InfuSystems Holdings 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 InfuSystems Holdings. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile InfuSystems Holdings 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 InfuSystems Holdings is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if InfuSystems Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Infusystems Holdings Stock. Highlighted below are key reports to facilitate an investment decision about Infusystems Holdings Stock: Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in InfuSystems Holdings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in census. For more information on how to buy InfuSystems Stock please use our How to Invest in InfuSystems Holdings guide.Note that the InfuSystems Holdings information on this page should be used as a complementary analysis to other InfuSystems Holdings' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..
Complementary Tools for InfuSystems Stock analysis
When running InfuSystems Holdings' price analysis, check to measure InfuSystems Holdings' 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 InfuSystems Holdings is operating at the current time. Most of InfuSystems Holdings' value examination focuses on studying past and present price action to predict the probability of InfuSystems Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move InfuSystems Holdings' price. Additionally, you may evaluate how the addition of InfuSystems Holdings to your portfolios can decrease your overall portfolio volatility.
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Is InfuSystems Holdings' 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 InfuSystems Holdings. If investors know InfuSystems 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 InfuSystems Holdings listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.99) | Earnings Share 0.04 | Revenue Per Share 5.983 | Quarterly Revenue Growth 0.101 | Return On Assets 0.0253 |
The market value of InfuSystems Holdings is measured differently than its book value, which is the value of InfuSystems that is recorded on the company's balance sheet. Investors also form their own opinion of InfuSystems Holdings' value that differs from its market value or its book value, called intrinsic value, which is InfuSystems Holdings' 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 InfuSystems Holdings' market value can be influenced by many factors that don't directly affect InfuSystems Holdings' 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 InfuSystems Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if InfuSystems Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, InfuSystems Holdings' 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.