Intrepid Potash Correlations
| IPI Stock | USD 20.78 0.27 1.32% |
The correlation of Intrepid Potash 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 Intrepid Potash moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Intrepid Potash 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.
Very weak diversification
The correlation between Intrepid Potash and NYA is 0.41 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Intrepid Potash and NYA in the same portfolio, assuming nothing else is changed.
Intrepid |
The ability to find closely correlated positions to Intrepid Potash could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Intrepid Potash 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 Intrepid Potash - 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 Intrepid Potash to buy it.
Moving against Intrepid Stock
Related Correlations Analysis
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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
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Risk-Adjusted Indicators
There is a big difference between Intrepid Stock performing well and Intrepid Potash 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 Intrepid Potash'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| MOS | 1.38 | (0.18) | 0.00 | (0.07) | 0.00 | 2.22 | 11.64 | |||
| NTR | 1.32 | 0.00 | 0.03 | 0.07 | 1.34 | 3.10 | 10.41 | |||
| CTVA | 1.24 | 0.22 | 0.21 | 0.17 | 1.05 | 2.69 | 23.64 | |||
| FMC | 2.38 | 0.05 | 0.04 | 0.09 | 3.50 | 4.78 | 22.10 | |||
| CF | 1.19 | (0.06) | 0.00 | (0.02) | 0.00 | 2.59 | 9.82 | |||
| ICL | 1.78 | (0.04) | (0.01) | 0.04 | 2.00 | 4.53 | 10.65 | |||
| BIOX | 1.12 | (0.18) | 0.00 | (0.28) | 0.00 | 2.62 | 9.57 | |||
| CTA-PB | 0.42 | (0.02) | (0.08) | (0.02) | 0.79 | 0.92 | 5.49 | |||
| BHIL | 6.08 | 0.46 | 0.07 | 0.22 | 6.41 | 12.50 | 45.83 | |||
| AVD | 2.26 | 0.11 | 0.03 | 0.20 | 2.85 | 4.72 | 31.28 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Intrepid Potash 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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Intrepid Potash Corporate Management
Elected by the shareholders, the Intrepid Potash's board of directors comprises two types of representatives: Intrepid Potash inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Intrepid. The board's role is to monitor Intrepid Potash's management team and ensure that shareholders' interests are well served. Intrepid Potash'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, Intrepid Potash's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Erica Wyatt | Chief Human Resource Officer | Profile | |
| Edward Stone | Pres COO | Profile | |
| Robert Baldridge | Senior Vice President - New Mexico | Profile | |
| Evan CFA | Investor Manager | Profile | |
| Mary Mcbride | Independent Director | Profile |
Already Invested in Intrepid Potash?
The danger of trading Intrepid Potash 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 Intrepid Potash 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 Intrepid Potash. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Intrepid Potash 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 Intrepid Potash offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Intrepid Potash's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Intrepid Potash Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Intrepid Potash Stock: Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Intrepid Potash. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey. For more detail on how to invest in Intrepid Stock please use our How to Invest in Intrepid Potash guide.You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
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When running Intrepid Potash's price analysis, check to measure Intrepid Potash'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 Intrepid Potash is operating at the current time. Most of Intrepid Potash's value examination focuses on studying past and present price action to predict the probability of Intrepid Potash's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Intrepid Potash's price. Additionally, you may evaluate how the addition of Intrepid Potash to your portfolios can decrease your overall portfolio volatility.
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Is Intrepid Potash'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 Intrepid Potash. If investors know Intrepid 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 Intrepid Potash 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 (0.81) | Earnings Share (2.80) | Revenue Per Share 18.072 | Quarterly Revenue Growth (0.19) | Return On Assets 0.0053 |
The market value of Intrepid Potash is measured differently than its book value, which is the value of Intrepid that is recorded on the company's balance sheet. Investors also form their own opinion of Intrepid Potash's value that differs from its market value or its book value, called intrinsic value, which is Intrepid Potash'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 Intrepid Potash's market value can be influenced by many factors that don't directly affect Intrepid Potash'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 Intrepid Potash's value and its price as these two are different measures arrived at by different means. Investors typically determine if Intrepid Potash is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Intrepid Potash'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.