Nation Group Correlations

NATION Stock

0.03 0.01 25.00%

The current 90-days correlation between Nation Group PCL and AddTech Hub Public is 0.08 (i.e., Significant diversification). The correlation of Nation Group 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.

Nation Group Correlation With Market

Significant diversification

The correlation between Nation Group PCL and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nation Group PCL and DJI in the same portfolio, assuming nothing else is changed.

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

Related Correlations Analysis

	RS	ADD	PROEN	GLORY	MATI	MORE	YGG	PRAKIT	MVP
RS		-0.51	0.22	0.85	0.73	0.61	0.85	-0.35	0.81	RS
ADD	-0.51		-0.06	-0.48	-0.83	-0.37	-0.64	0.69	-0.68	ADD
PROEN	0.22	-0.06		0.22	0.1	0.33	0.23	-0.1	-0.06	PROEN
GLORY	0.85	-0.48	0.22		0.66	0.53	0.82	-0.22	0.68	GLORY
MATI	0.73	-0.83	0.1	0.66		0.48	0.73	-0.68	0.89	MATI
MORE	0.61	-0.37	0.33	0.53	0.48		0.52	-0.32	0.51	MORE
YGG	0.85	-0.64	0.23	0.82	0.73	0.52		-0.48	0.73	YGG
PRAKIT	-0.35	0.69	-0.1	-0.22	-0.68	-0.32	-0.48		-0.55	PRAKIT
MVP	0.81	-0.68	-0.06	0.68	0.89	0.51	0.73	-0.55		MVP
	RS	ADD	PROEN	GLORY	MATI	MORE	YGG	PRAKIT	MVP

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

MVP	+ 0.89	MATI
GLORY	+ 0.85	RS
YGG	+ 0.85	RS
YGG	+ 0.82	GLORY
MVP	+ 0.81	RS
MATI	+ 0.73	RS

High negative correlations

MATI	- 0.83	ADD
PRAKIT	- 0.68	MATI
MVP	- 0.68	ADD
YGG	- 0.64	ADD
MVP	- 0.55	PRAKIT
ADD	- 0.51	RS

Risk-Adjusted Indicators

There is a big difference between Nation Stock performing well and Nation Group 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 Nation Group'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
RS	3.33	(0.47)	0.00	(1.25)	0.00	0.00	5.88	(5.56)	34.06
ADD	1.48	0.39	0.08	(0.23)	1.91	(2.53)	4.43	(2.65)	11.22
PROEN	1.81	(0.09)	0.00	(0.12)	0.00	0.00	4.76	(3.42)	12.86
GLORY	2.43	(0.73)	0.00	65.54	0.00	0.00	5.10	(5.63)	16.10
MATI	1.86	(0.31)	0.00	(8.50)	0.00	0.00	5.00	(4.28)	14.61
MORE	7.43	0.67	0.02	(0.23)	9.11	(27.78)	25.00	(20.00)	58.33
YGG	2.52	(0.57)	0.00	(1.25)	0.00	0.00	3.03	(5.56)	12.33
PRAKIT	1.10	0.01	(0.02)	0.08	1.16	(1.62)	2.83	(1.85)	7.48
MVP	4.33	(1.70)	0.00	7.55	0.00	0.00	7.84	(10.53)	62.62

Be your own money manager

Our tools can tell you how much better you can do entering a position in Nation Group 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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Nation Group Corporate Management

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

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