NeoMedia Technologies Correlations

NEOMDelisted Stock  USD 0.0001  0.00  0.00%   
A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as NeoMedia Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if NeoMedia Technologies moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
  
The ability to find closely correlated positions to NeoMedia Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NeoMedia Technologies 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 NeoMedia Technologies - 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 NeoMedia Technologies to buy it.

Related Correlations Analysis

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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   
DVNCFBAINF
IMTLBAINF
BLKLFBAINF
BBRDFPTOP
IMTLBLKLF
APYPPTOP
  
High negative correlations   
BAINFAPYP
CMDXFBAINF
IMTLABQQ
IMTLAPYP
BBRDFDVNCF
CMDXFDVNCF

Risk-Adjusted Indicators

There is a big difference between NeoMedia Pink Sheet performing well and NeoMedia Technologies 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 NeoMedia Technologies' 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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
ABQQ  11.04  1.07  0.05  1.05  12.38 
 22.22 
 68.57 
TGHI  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
PTOP  7.42  0.49  0.02  0.27  10.47 
 50.00 
 83.33 
APYP  5.54  0.21  0.02  0.76  6.39 
 16.67 
 48.70 
BAINF  1.97  0.84  0.00 (1.90) 0.00 
 5.15 
 31.12 
DVNCF  30.52  12.94  0.00 (12.96) 0.00 
 0.00 
 480.00 
BBRDF  1.31 (0.72) 0.00 (2.84) 0.00 
 0.00 
 32.50 
CMDXF  1.58 (0.29) 0.00 (0.67) 0.00 
 3.47 
 15.33 
BLKLF  1.19  0.15  0.03 (0.87) 1.28 
 3.26 
 11.99 
IMTL  67.00  31.91  0.00 (1.07) 0.00 
 0.00 
 1,100 

View NeoMedia Technologies Related Equities

 Risk & Return  Correlation

Still Interested in NeoMedia Technologies?

Investing in delisted pink sheets can be risky, as the pink sheet is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.