NeoMagic Correlations
| NMGC Stock | USD 0.01 0.0001 1.22% |
The current 90-days correlation between NeoMagic and Graph Blockchain is -0.03 (i.e., Good diversification). The correlation of NeoMagic 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.
NeoMagic Correlation With Market
Good diversification
The correlation between NeoMagic and DJI is -0.15 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding NeoMagic and DJI in the same portfolio, assuming nothing else is changed.
NeoMagic |
The ability to find closely correlated positions to NeoMagic could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NeoMagic 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 NeoMagic - 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 NeoMagic to buy it.
Moving against NeoMagic Pink Sheet
| 0.68 | ULTA | Ulta Beauty | PairCorr |
| 0.64 | AVTBF | Avant Brands | PairCorr |
| 0.49 | GWW | WW Grainger | PairCorr |
| 0.49 | RGC | Regencell Bioscience | PairCorr |
| 0.46 | TSLA | Tesla Inc | PairCorr |
| 0.41 | CURLF | Curaleaf Holdings | PairCorr |
| 0.39 | ALVLF | Big Ridge Gold | PairCorr |
| 0.38 | HL | Hecla Mining | PairCorr |
| 0.55 | CRRFY | Carrefour SA PK | PairCorr |
| 0.5 | TAK | Takeda Pharmaceutical | PairCorr |
| 0.49 | DDS | Dillards, | PairCorr |
| 0.47 | ASTI | Ascent Solar Technol Upward Rally | PairCorr |
| 0.45 | 26442TAG2 | US26442TAG22 | PairCorr |
| 0.37 | AA | Alcoa Corp | 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
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Risk-Adjusted Indicators
There is a big difference between NeoMagic Pink Sheet performing well and NeoMagic 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 NeoMagic'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| JLMKF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| REGRF | 27.70 | 6.67 | 0.18 | 1.26 | 21.74 | 133.33 | 233.24 | |||
| NXOPF | 29.96 | 8.74 | 0.22 | (1.07) | 20.18 | 100.00 | 350.00 | |||
| EPAZ | 10.07 | 0.15 | 0.00 | (0.11) | 11.48 | 21.31 | 62.62 | |||
| EPYFF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| GSLR | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| TMIX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| WANSF | 123.05 | 67.29 | 0.00 | (0.94) | 0.00 | 60.00 | 3,815 | |||
| MANZF | 3.17 | (1.63) | 0.00 | 3.44 | 0.00 | 0.00 | 52.93 | |||
| KTPPF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in NeoMagic 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.Did you try this?
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NeoMagic Corporate Management
| Benjamin Bolinguit | Director Operations | Profile | |
| Roderick Peterson | VP Information | Profile | |
| Robert Newman | Co Controller | Profile | |
| Michael Esq | Sec | Profile |