Intercont Limited Correlations

NCT Stock

0.20 0 1.30%

The current 90-days correlation between Intercont Limited and Vantage Corp is 0.2 (i.e., Modest diversification). The correlation of Intercont Limited 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Intercont Limited Correlation With Market

Pay attention - limited upside

The correlation between Intercont Limited Ordinary and DJI is -0.84 (i.e., Pay attention - limited upside) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Intercont Limited Ordinary and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Intercont Stock

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

Moving together with Intercont Stock

0.68	ESEA	Euroseas	Pair Corr
0.89	ICON	Icon Energy Corp	Pair Corr
0.93	CISS	C3is Inc	Pair Corr
0.63	PTAIF	PT Astra International	Pair Corr

Moving against Intercont Stock

0.89	ZIM	ZIM Integrated Shipping	Pair Corr
0.82	GLBS	Globus Maritime	Pair Corr
0.8	ALC	Algoma Central	Pair Corr
0.78	MATX	Matson Inc	Pair Corr
0.77	WTE	Westshore Terminals	Pair Corr
0.73	HSHP	Himalaya Shipping Earnings Call Tomorrow	Pair Corr
0.69	GNK	Genco Shipping Trading	Pair Corr
0.64	PANL	Pangaea Logistic	Pair Corr
0.62	GNU1	Genco Shipping Trading	Pair Corr
0.61	GSL	Global Ship Lease	Pair Corr
0.6	37H	Global Ship Lease	Pair Corr
0.6	DAC	Danaos	Pair Corr
0.59	SZL	Solstad Offshore ASA Earnings Call This Week	Pair Corr
0.57	SZL	SOLSTAD OFFSHORE Earnings Call This Week	Pair Corr
0.53	PSIG	PS International	Pair Corr
0.52	SB	Safe Bulkers Earnings Call This Week	Pair Corr
0.45	DSX	Diana Shipping	Pair Corr
0.91	TORO	Toro Earnings Call This Week	Pair Corr
0.82	USEA	United Maritime	Pair Corr
0.77	CMRE	Costamare Earnings Call This Week	Pair Corr
0.66	CDLR	Cadeler AS	Pair Corr
0.64	SECVY	Seche Environnement	Pair Corr
0.63	CTRM	Castor Maritime	Pair Corr
0.6	CCEC	Capital Clean Energy	Pair Corr
0.56	TLKMF	Telkom Indonesia Tbk	Pair Corr
0.55	PTAIY	Astra International Tbk Downward Rally	Pair Corr
0.55	RCKY	Rocky Brands	Pair Corr
0.52	PPERY	Bank Mandiri Persero Normal Trading	Pair Corr
0.5	NFG	National Fuel Gas	Pair Corr
0.48	EC	Ecopetrol SA ADR	Pair Corr

Related Correlations Analysis

	VNTG	TOPS	PSHG	GLBS	PXS	SIDU	XTIA	PRZO	NIXX	CTRM
VNTG		0.28	-0.02	-0.34	-0.44	-0.18	-0.14	0.2	0.5	-0.33	VNTG
TOPS	0.28		0.34	-0.59	-0.44	-0.71	-0.16	0.72	0.6	-0.48	TOPS
PSHG	-0.02	0.34		0.21	-0.21	-0.47	-0.49	0.15	0.31	0.24	PSHG
GLBS	-0.34	-0.59	0.21		0.52	0.57	0.21	-0.32	-0.46	0.63	GLBS
PXS	-0.44	-0.44	-0.21	0.52		0.47	0.61	-0.1	-0.71	0.5	PXS
SIDU	-0.18	-0.71	-0.47	0.57	0.47		0.62	-0.24	-0.51	0.26	SIDU
XTIA	-0.14	-0.16	-0.49	0.21	0.61	0.62		0.29	-0.37	0.01	XTIA
PRZO	0.2	0.72	0.15	-0.32	-0.1	-0.24	0.29		0.37	-0.33	PRZO
NIXX	0.5	0.6	0.31	-0.46	-0.71	-0.51	-0.37	0.37		-0.32	NIXX
CTRM	-0.33	-0.48	0.24	0.63	0.5	0.26	0.01	-0.33	-0.32		CTRM
	VNTG	TOPS	PSHG	GLBS	PXS	SIDU	XTIA	PRZO	NIXX	CTRM

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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

PRZO	+ 0.72	TOPS
CTRM	+ 0.63	GLBS
XTIA	+ 0.62	SIDU
XTIA	+ 0.61	PXS
NIXX	+ 0.6	TOPS
SIDU	+ 0.57	GLBS

High negative correlations

NIXX	- 0.71	PXS
SIDU	- 0.71	TOPS
GLBS	- 0.59	TOPS
NIXX	- 0.51	SIDU
XTIA	- 0.49	PSHG
CTRM	- 0.48	TOPS

Risk-Adjusted Indicators

There is a big difference between Intercont Stock performing well and Intercont Limited 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 Intercont Limited'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
VNTG	2.79	0.12	0.00	(0.11)	3.35	(3.77)	6.93	(7.22)	22.86
TOPS	1.94	(0.34)	0.00	(0.30)	0.00	0.00	3.65	(4.23)	12.66
PSHG	2.47	(0.07)	(0.02)	(0.01)	3.38	(2.73)	5.19	(6.76)	16.86
GLBS	2.72	0.51	0.09	6.51	3.07	(3.84)	8.94	(7.01)	26.30
PXS	1.86	0.25	0.08	0.92	2.02	(2.27)	4.78	(3.61)	15.02
SIDU	12.24	2.30	0.25	0.77	9.22	(17.44)	34.88	(15.83)	125.36
XTIA	4.43	0.08	0.02	0.15	4.45	(5.59)	11.24	(7.55)	25.06
PRZO	6.11	(0.36)	0.00	(0.05)	0.00	0.00	11.76	(10.00)	57.11
NIXX	4.18	(1.41)	0.00	(0.62)	0.00	0.00	7.29	(9.52)	36.41
CTRM	2.80	0.08	0.03	0.15	3.47	(3.17)	8.37	(5.85)	22.85

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