National Graphite Correlations
| NGRC Stock | USD 0.05 0.00 0.00% |
The current 90-days correlation between National Graphite Corp and Ameriguard Security Services is 0.18 (i.e., Average diversification). The correlation of National Graphite 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.
National Graphite Correlation With Market
Very weak diversification
The correlation between National Graphite Corp and DJI is 0.45 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding National Graphite Corp and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to National Graphite could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace National Graphite 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 National Graphite - 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 National Graphite Corp to buy it.
Moving together with National Pink Sheet
| 0.79 | AVAL | Grupo Aval | PairCorr |
| 0.71 | WFC-PL | Wells Fargo | PairCorr |
| 0.71 | CVX | Chevron Corp | PairCorr |
| 0.65 | HD | Home Depot | PairCorr |
Moving against National Pink Sheet
| 0.85 | FNMFO | Federal National Mortgage | PairCorr |
| 0.47 | TRV | The Travelers Companies | PairCorr |
| 0.44 | HPQ | HP Inc | PairCorr |
| 0.32 | BAC | Bank of America Aggressive Push | PairCorr |
Related Correlations Analysis
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between National Pink Sheet performing well and National Graphite 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 National Graphite'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ADHI | 20.03 | 5.84 | 0.20 | 0.39 | 15.18 | 66.67 | 372.12 | |||
| AGSS | 8.21 | 0.18 | 0.01 | 0.08 | 10.94 | 33.95 | 88.60 | |||
| FORW | 6.22 | (0.59) | 0.00 | (0.12) | 0.00 | 16.00 | 59.11 | |||
| ARAT | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| AVVH | 8.62 | 0.95 | 0.07 | (0.61) | 9.35 | 23.53 | 57.10 | |||
| WNFT | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| LZGI | 3.10 | 0.75 | 0.00 | 1.33 | 0.00 | 0.00 | 100.00 | |||
| PLPL | 92.40 | 47.39 | 0.00 | (0.71) | 0.00 | 0.00 | 1,100 | |||
| MVCO | 7.85 | 0.92 | 0.09 | 0.63 | 7.20 | 15.38 | 81.25 | |||
| BDCM | 2.58 | 0.55 | 0.00 | (0.54) | 0.00 | 0.00 | 112.86 |
Be your own money manager
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