NFI Correlations

NFYEF Stock

USD 10.45 0.41 3.78%

The current 90-days correlation between NFI Group and Aston Martin Lagonda is 0.31 (i.e., Weak diversification). The correlation of NFI 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.

NFI Correlation With Market

Modest diversification

The correlation between NFI Group and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding NFI Group and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with NFI Pink Sheet

0.73	PFE	Pfizer Inc Fiscal Year End 4th of February 2025	Pair Corr
0.76	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.96	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr

Moving against NFI Pink Sheet

0.89	WMT	Walmart Aggressive Push	Pair Corr
0.88	CSCO	Cisco Systems	Pair Corr
0.87	BAC	Bank of America Aggressive Push	Pair Corr
0.82	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.82	T	ATT Inc Aggressive Push	Pair Corr
0.81	MSB	Mesabi Trust	Pair Corr
0.81	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.8	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.78	NTNX	Nutanix Earnings Call This Week	Pair Corr
0.68	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.66	HPQ	HP Inc	Pair Corr
0.6	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.53	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr

Related Correlations Analysis

	SMEBF	ZAPPW	GNZUF	EXXRF	ARGGY	GELYY	DWLAF	AMGDF	PSNYW
SMEBF		0.29	-0.2	0.32	0.31	-0.51	0.3	0.23	-0.62	SMEBF
ZAPPW	0.29		-0.24	0.42	0.25	-0.36	0.39	0.22	0.07	ZAPPW
GNZUF	-0.2	-0.24		-0.63	-0.82	0.83	-0.7	-0.78	-0.22	GNZUF
EXXRF	0.32	0.42	-0.63		0.65	-0.63	0.73	0.61	0.28	EXXRF
ARGGY	0.31	0.25	-0.82	0.65		-0.84	0.82	0.97	0.3	ARGGY
GELYY	-0.51	-0.36	0.83	-0.63	-0.84		-0.84	-0.78	-0.06	GELYY
DWLAF	0.3	0.39	-0.7	0.73	0.82	-0.84		0.8	0.39	DWLAF
AMGDF	0.23	0.22	-0.78	0.61	0.97	-0.78	0.8		0.37	AMGDF
PSNYW	-0.62	0.07	-0.22	0.28	0.3	-0.06	0.39	0.37		PSNYW
	SMEBF	ZAPPW	GNZUF	EXXRF	ARGGY	GELYY	DWLAF	AMGDF	PSNYW

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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

AMGDF	+ 0.97	ARGGY
GELYY	+ 0.83	GNZUF
DWLAF	+ 0.82	ARGGY
AMGDF	+ 0.8	DWLAF
DWLAF	+ 0.73	EXXRF
ARGGY	+ 0.65	EXXRF

High negative correlations

DWLAF	- 0.84	GELYY
GELYY	- 0.84	ARGGY
ARGGY	- 0.82	GNZUF
AMGDF	- 0.78	GELYY
AMGDF	- 0.78	GNZUF
DWLAF	- 0.7	GNZUF

Risk-Adjusted Indicators

There is a big difference between NFI Pink Sheet performing well and NFI 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 NFI'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
SMEBF	0.54	(0.33)	0.00	(0.32)	0.00	0.00	0.00	0.00	18.03
ZAPPW	5.46	0.22	0.01	(2.63)	6.60	(7.73)	13.10	(12.61)	39.00
GNZUF	5.19	0.79	0.08	2.36	5.02	(10.91)	14.63	(10.53)	46.65
EXXRF	0.60	(0.09)	0.00	0.61	0.00	0.00	1.68	(2.33)	7.32
ARGGY	2.60	(0.59)	0.00	(2.75)	0.00	0.00	4.76	(5.49)	25.68
GELYY	3.00	0.87	0.19	22.44	3.42	(3.27)	7.47	(5.05)	25.00
DWLAF	1.33	(0.25)	0.00	0.65	0.00	0.00	3.66	(4.71)	17.79
AMGDF	4.59	(0.41)	0.00	(0.61)	0.00	0.00	9.15	(12.05)	34.24
PSNYW	6.44	1.53	0.08	(0.17)	7.29	(11.61)	7.69	(8.70)	138.18

Be your own money manager

Our tools can tell you how much better you can do entering a position in NFI 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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