Nutritional Growth Correlations

NGS Stock

0.04 0.00 0.00%

The current 90-days correlation between Nutritional Growth and Energy Resources is -0.15 (i.e., Good diversification). The correlation of Nutritional Growth 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.

Nutritional Growth Correlation With Market

Good diversification

The correlation between Nutritional Growth Solutions and DJI is -0.19 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nutritional Growth Solutions and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Nutritional Stock

0.64	MQGPD	Macquarie Group	Pair Corr
0.84	GVF	Staude Capital Global	Pair Corr
0.82	HOR	Horseshoe Metals	Pair Corr
0.79	HSN	Hansen Technologies	Pair Corr
0.85	SHO	SportsHero	Pair Corr
0.9	CBA	Commonwealth Bank	Pair Corr
0.87	BEN	Bendigo And Adelaide	Pair Corr
0.77	AHF	Australian Dairy Farms	Pair Corr
0.71	BVS	Bravura Solutions	Pair Corr
0.88	IDA	Indiana Resources	Pair Corr
0.83	BIS	Bisalloy Steel Group	Pair Corr
0.7	ABA	Auswide Bank	Pair Corr
0.75	GDF	Garda Diversified Ppty	Pair Corr
0.88	TLX	Telix Pharmaceuticals	Pair Corr
0.78	AIQ	Alternative Investment	Pair Corr
0.61	MME	MoneyMe	Pair Corr
0.88	PBH	Pointsbet Holdings	Pair Corr

Moving against Nutritional Stock

0.84	WLE	Wam Leaders	Pair Corr
0.69	SFR	Sandfire Resources	Pair Corr
0.63	IVT	Inventis	Pair Corr
0.52	PE1	Pengana Private Equity	Pair Corr
0.52	A1M	AIC Mines Limited	Pair Corr
0.84	BKW	Brickworks	Pair Corr

Related Correlations Analysis

	ERA	88E	ANL	AYI	CRN	HTA	AMD	TIG
ERA		0.42	0.0	0.0	0.51	0.08	0.1	0.38	ERA
88E	0.42		0.0	0.0	0.55	0.29	-0.09	0.2	88E
ANL	0.0	0.0		1.0	0.0	0.0	0.0	0.0	ANL
AYI	0.0	0.0	1.0		0.0	0.0	0.0	0.0	AYI
CRN	0.51	0.55	0.0	0.0		0.25	0.18	0.52	CRN
HTA	0.08	0.29	0.0	0.0	0.25		-0.1	0.18	HTA
AMD	0.1	-0.09	0.0	0.0	0.18	-0.1		-0.04	AMD
TIG	0.38	0.2	0.0	0.0	0.52	0.18	-0.04		TIG
	ERA	88E	ANL	AYI	CRN	HTA	AMD	TIG

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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

AYI	+ 1.0	ANL
CRN	+ 0.55	88E
TIG	+ 0.52	CRN
CRN	+ 0.51	ERA
88E	+ 0.42	ERA
TIG	+ 0.38	ERA

High negative correlations

AMD	- 0.1	HTA
AMD	- 0.09	88E
TIG	- 0.04	AMD
TIG	- 0.0	AYI
AMD	- 0.0	AYI
HTA	- 0.0	AYI

Risk-Adjusted Indicators

There is a big difference between Nutritional Stock performing well and Nutritional Growth 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 Nutritional Growth'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
ERA	23.56	4.10	0.13	(5.26)	21.80	(39.44)	50.00	(33.33)	150.72
88E	17.47	3.31	0.09	7.70	18.43	(37.25)	50.00	(50.00)	100.00
ANL	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AYI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CRN	2.13	(0.57)	0.00	(1.13)	0.00	0.00	4.31	(4.44)	13.03
HTA	1.98	0.19	0.02	(0.40)	2.76	(5.62)	4.00	(7.14)	31.55
AMD	19.46	4.49	0.11	(57.95)	17.09	(62.88)	100.00	(50.00)	150.00
TIG	2.68	(0.19)	0.00	0.29	0.00	0.00	16.67	(16.67)	36.67

Be your own money manager

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