Netcapital Correlations

NCPL Stock

USD 0.55 0.02 3.51%

The current 90-days correlation between Netcapital and Magic Empire Global is -0.12 (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

Excellent diversification

The correlation between Netcapital and DJI is -0.58 (i.e., Excellent 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 against Netcapital Stock

0.87	CGL	CATLIN GROUP	Pair Corr
0.78	LCS	Brompton Lifeco Split Split	Pair Corr
0.76	LBS	Life Banc Split	Pair Corr
0.75	SBC	Brompton Split Banc	Pair Corr
0.74	CSWC	Capital Southwest	Pair Corr
0.69	ASA	ASA Gold	Pair Corr
0.69	URB	Urbana	Pair Corr
0.68	DFN	Dividend 15 Split	Pair Corr
0.66	DGS	Dividend Growth Split	Pair Corr
0.64	BBDC	Barings BDC Earnings Call This Week	Pair Corr
0.63	URB-A	Urbana	Pair Corr
0.61	CGBD	Carlyle Secured Lending	Pair Corr
0.57	TRIN	Trinity Capital	Pair Corr
0.52	CSOC-A	Canso Select Opportu	Pair Corr
0.52	AVR	Avaron Mining Corp	Pair Corr
0.46	HRZN	Horizon Technology	Pair Corr
0.43	PWI	Sustainable Power	Pair Corr
0.36	BCSF	Bain Capital Specialty	Pair Corr
0.83	MRK	Merck Company	Pair Corr
0.73	AA	Alcoa Corp	Pair Corr
0.72	WMT	Walmart Common Stock Earnings Call This Week	Pair Corr
0.71	JNJ	Johnson Johnson	Pair Corr
0.69	IRNRF	Iron Road Limited Earnings Call This Week	Pair Corr
0.56	CAT	Caterpillar	Pair Corr
0.53	DD	Dupont De Nemours	Pair Corr
0.51	SHPHF	Sihuan Pharmaceutical	Pair Corr
0.51	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.48	GSTX	Graphene Solar Techn	Pair Corr
0.47	MCD	McDonalds	Pair Corr
0.43	FCAP	First Capital	Pair Corr
0.43	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.4	PFE	Pfizer Inc Aggressive Push	Pair Corr

Related Correlations Analysis

	MEGL	GSIW	SSEAU	CIIT	ALF	ATON	OXBR	HVII	GIWWR	SHFS
MEGL		0.23	-0.13	-0.19	-0.61	0.49	0.52	0.2	0.34	0.56	MEGL
GSIW	0.23		0.17	0.64	0.07	0.53	-0.05	0.0	-0.16	0.47	GSIW
SSEAU	-0.13	0.17		0.32	0.32	-0.04	-0.18	0.36	-0.38	0.1	SSEAU
CIIT	-0.19	0.64	0.32		0.36	0.28	-0.41	-0.14	-0.27	0.27	CIIT
ALF	-0.61	0.07	0.32	0.36		-0.51	-0.69	-0.36	-0.6	-0.55	ALF
ATON	0.49	0.53	-0.04	0.28	-0.51		0.41	0.47	0.06	0.79	ATON
OXBR	0.52	-0.05	-0.18	-0.41	-0.69	0.41		0.26	0.67	0.48	OXBR
HVII	0.2	0.0	0.36	-0.14	-0.36	0.47	0.26		-0.14	0.4	HVII
GIWWR	0.34	-0.16	-0.38	-0.27	-0.6	0.06	0.67	-0.14		0.28	GIWWR
SHFS	0.56	0.47	0.1	0.27	-0.55	0.79	0.48	0.4	0.28		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

SHFS	+ 0.79	ATON
GIWWR	+ 0.67	OXBR
CIIT	+ 0.64	GSIW
SHFS	+ 0.56	MEGL
ATON	+ 0.53	GSIW
OXBR	+ 0.52	MEGL

High negative correlations

OXBR	- 0.69	ALF
ALF	- 0.61	MEGL
GIWWR	- 0.6	ALF
SHFS	- 0.55	ALF
ATON	- 0.51	ALF
OXBR	- 0.41	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	2.90	(0.58)	0.00	(0.35)	0.00	0.00	5.04	(6.57)	39.73
GSIW	2.67	(0.30)	0.00	(0.16)	0.00	0.00	7.69	(7.14)	19.17
SSEAU	0.06	(0.03)	0.00	(0.22)	0.00	0.00	0.00	0.00	1.65
CIIT	4.86	0.19	0.02	0.94	5.48	(7.85)	13.16	(8.33)	50.34
ALF	0.11	0.00	(0.39)	(0.04)	0.11	(0.19)	0.37	(0.28)	0.75
ATON	7.96	(2.67)	0.00	36.37	0.00	0.00	22.67	(16.67)	72.09
OXBR	3.17	(0.26)	0.00	(0.02)	0.00	0.00	7.63	(7.46)	19.81
HVII	0.26	(0.04)	0.00	(0.44)	0.00	0.00	0.48	(0.67)	2.79
GIWWR	4.79	(0.13)	0.00	0.15	0.00	0.00	12.90	(11.43)	33.15
SHFS	5.49	(1.07)	0.00	(11.58)	0.00	0.00	12.50	(9.73)	30.12

Netcapital Corporate Management

Cecilia Lenk	Pres Chairman	Profile
Coreen CFA	Chief Officer	Profile
Michael Iverson	Chief Experience	Profile
Kevin JD	General Counsel	Profile
Jason Frishman	Chief Inc	Profile

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