Northern Graphite Correlations

0NG Stock

EUR 0.14 0.01 7.69%

The current 90-days correlation between Northern Graphite and Hong Kong Exchanges is 0.04 (i.e., Significant diversification). The correlation of Northern Graphite 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.

Northern Graphite Correlation With Market

Poor diversification

The correlation between Northern Graphite and DJI is 0.65 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Northern Graphite and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Northern Graphite could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Northern Graphite 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 Northern Graphite - 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 Northern Graphite to buy it.

Moving together with Northern Stock

0.71	RHO	ROCHE HLDG	Pair Corr
0.62	6MK	Merck	Pair Corr
0.64	NOT	NOVARTIS N	Pair Corr
0.77	4I1	Philip Morris Intern	Pair Corr
0.9	PKE	Park Aerospace Corp	Pair Corr
0.87	F5J	Mineral Resources	Pair Corr
0.82	TEX	Castellum AB	Pair Corr
0.85	WFK	World Fuel Services	Pair Corr
0.63	TWZ	Trican Well Service	Pair Corr
0.85	KIN2	Kinross Gold	Pair Corr
0.85	GZM0	FEEDBACK PLC LS	Pair Corr
0.71	2X0	Corteva	Pair Corr
0.83	KGHA	KGHM Polska Miedz	Pair Corr
0.71	SHF	SNP Schneider Neurei	Pair Corr

Moving against Northern Stock

0.81	MBJ	MBIA Inc Earnings Call This Week	Pair Corr
0.71	BT3	BIOTIME	Pair Corr
0.67	MBJ	MBIA Earnings Call This Week	Pair Corr
0.65	ABL	Abbott Laboratories	Pair Corr
0.61	QCI	QUALCOMM	Pair Corr
0.58	IB5A	I CABLE M	Pair Corr
0.54	AJW	ANGES MG	Pair Corr
0.32	TLIK	TELES Informationstech	Pair Corr
0.63	TUUF	Solartron Public	Pair Corr

Related Correlations Analysis

	ABL	DAP	6MK	AMD	4I1	W8V	TOTB	AMG	HBC1	HK2C
ABL		0.54	-0.63	-0.17	-0.79	-0.3	-0.8	-0.51	-0.81	0.11	ABL
DAP	0.54		-0.45	0.39	-0.5	-0.28	-0.76	-0.67	-0.38	0.02	DAP
6MK	-0.63	-0.45		-0.31	0.88	0.36	0.84	0.75	0.84	0.08	6MK
AMD	-0.17	0.39	-0.31		-0.05	-0.05	-0.19	-0.33	0.01	0.22	AMD
4I1	-0.79	-0.5	0.88	-0.05		0.38	0.88	0.7	0.9	0.12	4I1
W8V	-0.3	-0.28	0.36	-0.05	0.38		0.42	0.45	0.26	0.38	W8V
TOTB	-0.8	-0.76	0.84	-0.19	0.88	0.42		0.82	0.78	0.08	TOTB
AMG	-0.51	-0.67	0.75	-0.33	0.7	0.45	0.82		0.5	0.35	AMG
HBC1	-0.81	-0.38	0.84	0.01	0.9	0.26	0.78	0.5		-0.1	HBC1
HK2C	0.11	0.02	0.08	0.22	0.12	0.38	0.08	0.35	-0.1		HK2C
	ABL	DAP	6MK	AMD	4I1	W8V	TOTB	AMG	HBC1	HK2C

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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

HBC1	+ 0.9	4I1
4I1	+ 0.88	6MK
TOTB	+ 0.88	4I1
TOTB	+ 0.84	6MK
HBC1	+ 0.84	6MK
AMG	+ 0.82	TOTB

High negative correlations

HBC1	- 0.81	ABL
TOTB	- 0.8	ABL
4I1	- 0.79	ABL
TOTB	- 0.76	DAP
AMG	- 0.67	DAP
6MK	- 0.63	ABL

Risk-Adjusted Indicators

There is a big difference between Northern Stock performing well and Northern Graphite 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 Northern Graphite'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
ABL	1.10	(0.15)	0.00	0.27	0.00	0.00	1.95	(2.11)	14.56
DAP	1.24	(0.06)	0.00	0.24	0.00	0.00	2.32	(2.98)	8.54
6MK	1.32	0.43	0.21	(0.93)	1.23	(1.54)	3.38	(2.23)	8.41
AMD	2.62	(0.26)	0.00	0.79	0.00	0.00	6.13	(5.57)	24.55
4I1	1.15	0.29	0.14	(1.64)	1.21	(1.26)	2.89	(2.55)	7.67
W8V	1.55	0.06	0.00	0.18	2.77	(3.29)	2.08	(2.04)	24.03
TOTB	0.94	0.27	0.18	27.59	0.87	(1.06)	2.23	(1.62)	5.97
AMG	1.45	0.22	0.07	(0.41)	1.60	(1.52)	3.66	(2.86)	10.69
HBC1	1.12	0.25	0.13	0.81	1.28	(1.30)	2.99	(1.86)	8.75
HK2C	0.34	(0.07)	0.00	(4.40)	0.00	0.00	1.27	(1.17)	3.91

Be your own money manager

Our tools can tell you how much better you can do entering a position in Northern Graphite 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.

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Northern Graphite Corporate Management

Elected by the shareholders, the Northern Graphite's board of directors comprises two types of representatives: Northern Graphite inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Northern. The board's role is to monitor Northern Graphite's management team and ensure that shareholders' interests are well served. Northern Graphite'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, Northern Graphite's outside directors are responsible for providing unbiased perspectives on the board's policies.

Moritz Hantel	Chief Officer	Profile
CPA CMA	Director Admin	Profile
BSc BSc	Ex Chairman	Profile
Niall CPA	Chief Officer	Profile
Hugues Jacquemin	CEO Director	Profile

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