Next Generation Correlations

NGMC Stock

USD 3.50 0.29 7.65%

The current 90-days correlation between Next Generation Mana and Nutra Pharma Corp is 0.04 (i.e., Significant diversification). The correlation of Next Generation 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.

Next Generation Correlation With Market

Good diversification

The correlation between Next Generation Management and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Next Generation Management and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Next Pink Sheet

0.48	PRTS	CarPartsCom Earnings Call This Week	Pair Corr
0.4	OXY	Occidental Petroleum	Pair Corr
0.39	EC	Ecopetrol SA ADR Earnings Call This Week	Pair Corr
0.36	WEJTY	Webjet Limited	Pair Corr
0.34	ASX	ASE Industrial Holding	Pair Corr
0.33	RDNW	RideNow Group Symbol Change	Pair Corr
0.32	CAPL	Crossamerica Partners	Pair Corr
0.31	TRP	TC Energy Corp	Pair Corr
0.46	BHFAP	Brighthouse Financial	Pair Corr
0.45	GRBK	Green Brick Partners	Pair Corr
0.43	CGON	CG Oncology Common	Pair Corr
0.41	DFKCY	Daifuku Co	Pair Corr
0.39	ALL-PB	Allstate	Pair Corr
0.38	GEL	Genesis Energy LP	Pair Corr
0.37	MBINN	Merchants Bancorp	Pair Corr
0.36	ENBP	ENB Financial Corp	Pair Corr
0.34	PSX	Phillips 66	Pair Corr
0.33	BLE	BlackRock MIT II	Pair Corr

Related Correlations Analysis

	PAIOF	IDCN	CATV	PHCG	STMH	NPHC	CNTRF	ELLXF	CSUI	VIBEF
PAIOF		0.0	0.0	0.0	1.0	0.0	0.0	0.0	0.0	0.0	PAIOF
IDCN	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	IDCN
CATV	0.0	0.0		-0.05	0.0	0.0	-0.12	0.1	-0.25	0.13	CATV
PHCG	0.0	0.0	-0.05		0.0	-0.38	0.33	0.29	-0.18	-0.09	PHCG
STMH	1.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	STMH
NPHC	0.0	0.0	0.0	-0.38	0.0		-0.19	-0.29	0.27	0.34	NPHC
CNTRF	0.0	0.0	-0.12	0.33	0.0	-0.19		0.25	-0.1	0.16	CNTRF
ELLXF	0.0	0.0	0.1	0.29	0.0	-0.29	0.25		0.19	0.16	ELLXF
CSUI	0.0	0.0	-0.25	-0.18	0.0	0.27	-0.1	0.19		0.23	CSUI
VIBEF	0.0	0.0	0.13	-0.09	0.0	0.34	0.16	0.16	0.23		VIBEF
	PAIOF	IDCN	CATV	PHCG	STMH	NPHC	CNTRF	ELLXF	CSUI	VIBEF

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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

STMH	+ 1.0	PAIOF
VIBEF	+ 0.34	NPHC
CNTRF	+ 0.33	PHCG
ELLXF	+ 0.29	PHCG
CSUI	+ 0.27	NPHC
ELLXF	+ 0.25	CNTRF

High negative correlations

NPHC	- 0.38	PHCG
ELLXF	- 0.29	NPHC
CSUI	- 0.25	CATV
CNTRF	- 0.19	NPHC
CSUI	- 0.18	PHCG
CNTRF	- 0.12	CATV

Risk-Adjusted Indicators

There is a big difference between Next Pink Sheet performing well and Next Generation 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 Next Generation'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
PAIOF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
IDCN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CATV	11.70	2.78	0.00	(28.33)	0.00	0.00	50.00	(33.33)	150.00
PHCG	11.21	1.67	0.07	(1.49)	10.79	(32.40)	28.57	(22.22)	122.22
STMH	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NPHC	21.09	5.98	0.10	(4.18)	19.27	(83.15)	100.00	(50.00)	266.67
CNTRF	3.86	0.43	0.00	(0.55)	0.00	0.00	0.00	(9.09)	153.37
ELLXF	38.16	12.83	0.25	(17.74)	25.69	(85.45)	145.71	(64.47)	296.84
CSUI	15.79	3.26	0.09	0.61	15.62	(51.37)	50.00	(47.17)	295.56
VIBEF	2.05	(0.52)	0.00	(0.22)	0.00	0.00	0.00	(13.04)	30.54

Be your own money manager

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