Netcapital Correlations

NCPL Stock

USD 0.71 0.01 1.43%

The current 90-days correlation between Netcapital and Magic Empire Global is -0.17 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Netcapital moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Netcapital moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Netcapital Correlation With Market

Significant diversification

The correlation between Netcapital and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Netcapital and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Netcapital Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Netcapital. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in inflation.

For more information on how to buy Netcapital Stock please use our How to buy in Netcapital Stock guide.

Moving together with Netcapital Stock

0.75	PX	P10 Inc	Pair Corr
0.65	WT	WisdomTree Potential Growth	Pair Corr
0.69	TEK	Tekcapital plc	Pair Corr
0.62	MFG	Magellan Financial	Pair Corr
0.83	IPX	Impax Asset Management	Pair Corr
0.68	MEC	Morphic Ethical Equities	Pair Corr
0.61	SSSS-P	Shooting Star Acquisition	Pair Corr
0.91	GCMGW	GCM Grosvenor	Pair Corr
0.76	PNI	Pinnacle Investment	Pair Corr

Moving against Netcapital Stock

0.73	BK	Bank of New York	Pair Corr
0.69	AB	AllianceBernstein	Pair Corr
0.57	HHI	Henderson High Income	Pair Corr
0.77	MNG	MG Plc	Pair Corr
0.58	VELO	Velo3D,	Pair Corr
0.4	MNTN	Schiehallion	Pair Corr
0.87	VINP	Vinci Partners Inves	Pair Corr
0.86	DFN	Dividend 15 Split	Pair Corr
0.8	LBS	Life Banc Split Split	Pair Corr
0.76	PCFT	Polar Capital Global	Pair Corr
0.73	SII	Sprott Inc	Pair Corr
0.73	CTPE	CT Private Equity	Pair Corr
0.66	ALAB-P	A Labs Capital	Pair Corr

Related Correlations Analysis

	MEGL	GSIW	SSEAU	CIIT	ALF	ATON	OXBR	HVII	GIWWR	SHFS
MEGL		0.54	-0.19	0.6	-0.73	0.81	0.89	-0.25	-0.51	0.8	MEGL
GSIW	0.54		0.16	0.54	-0.27	0.48	0.36	0.1	-0.3	0.27	GSIW
SSEAU	-0.19	0.16		0.24	0.4	-0.04	-0.24	0.39	-0.5	-0.27	SSEAU
CIIT	0.6	0.54	0.24		-0.36	0.7	0.58	0.37	-0.58	0.45	CIIT
ALF	-0.73	-0.27	0.4	-0.36		-0.62	-0.77	0.34	0.38	-0.8	ALF
ATON	0.81	0.48	-0.04	0.7	-0.62		0.84	-0.06	-0.62	0.72	ATON
OXBR	0.89	0.36	-0.24	0.58	-0.77	0.84		-0.24	-0.53	0.88	OXBR
HVII	-0.25	0.1	0.39	0.37	0.34	-0.06	-0.24		-0.16	-0.35	HVII
GIWWR	-0.51	-0.3	-0.5	-0.58	0.38	-0.62	-0.53	-0.16		-0.54	GIWWR
SHFS	0.8	0.27	-0.27	0.45	-0.8	0.72	0.88	-0.35	-0.54		SHFS
	MEGL	GSIW	SSEAU	CIIT	ALF	ATON	OXBR	HVII	GIWWR	SHFS

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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

OXBR	+ 0.89	MEGL
SHFS	+ 0.88	OXBR
OXBR	+ 0.84	ATON
ATON	+ 0.81	MEGL
SHFS	+ 0.8	MEGL
SHFS	+ 0.72	ATON

High negative correlations

SHFS	- 0.8	ALF
OXBR	- 0.77	ALF
ALF	- 0.73	MEGL
GIWWR	- 0.62	ATON
ATON	- 0.62	ALF
GIWWR	- 0.58	CIIT

Risk-Adjusted Indicators

There is a big difference between Netcapital Stock performing well and Netcapital 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 Netcapital'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
MEGL	3.10	(0.36)	0.00	(0.37)	0.00	0.00	5.56	(8.40)	26.79
GSIW	4.63	(0.05)	0.00	0.03	6.00	(9.61)	7.14	(7.14)	83.77
SSEAU	0.10	(0.01)	(0.11)	0.03	0.19	(0.51)	0.49	(0.10)	2.34
CIIT	7.82	(0.21)	0.00	(0.02)	0.00	0.00	22.22	(20.00)	75.59
ALF	0.12	0.00	(0.34)	1.21	0.07	(0.20)	0.28	(0.28)	0.85
ATON	6.71	(2.90)	0.00	(1.09)	0.00	0.00	7.55	(21.53)	120.07
OXBR	3.39	(0.72)	0.00	(0.34)	0.00	0.00	7.63	(7.46)	17.96
HVII	0.38	0.00	(0.11)	0.10	0.39	(0.56)	0.48	(0.77)	6.64
GIWWR	4.07	(0.92)	0.00	(1.54)	0.00	0.00	8.11	(10.53)	32.87
SHFS	5.90	(2.55)	0.00	(1.21)	0.00	0.00	7.64	(15.23)	37.71

Netcapital Corporate Management

Cecilia Lenk	Pres Chairman	Profile
Coreen CFA	Chief Officer	Profile
Kevin JD	General Counsel	Profile
Jason Frishman	Chief Inc	Profile
Rich Wheeless	Chief Officer	Profile

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