Namibia Critical Correlations

NMREF Stock

USD 0.19 0.01 5.00%

The current 90-days correlation between Namibia Critical Metals and MKDWELL Tech Ordinary is 0.05 (i.e., Significant diversification). The correlation of Namibia Critical 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.

Namibia Critical Correlation With Market

Very weak diversification

The correlation between Namibia Critical Metals and DJI is 0.53 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Namibia Critical Metals and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Namibia Pink Sheet

0.62	INTC	Intel	Pair Corr
0.65	CAT	Caterpillar	Pair Corr
0.61	BA	Boeing	Pair Corr

Moving against Namibia Pink Sheet

0.65	ADVWW	Advantage Solutions	Pair Corr
0.57	HPQ	HP Inc	Pair Corr
0.51	MAPSW	WM Technology	Pair Corr
0.48	MMM	3M Company	Pair Corr
0.46	GCMGW	GCM Grosvenor	Pair Corr
0.46	MSFT	Microsoft	Pair Corr
0.31	CMWCF	Cromwell Property	Pair Corr

Related Correlations Analysis

	GSFP	PXGYF	SPSTY	MKDW	SPSTF	CAPR	LPSN	EVTC	SKLTY	WEGOF
GSFP		-0.39	-0.1	-0.47	0.67	0.75	-0.87	0.63	-0.86	0.65	GSFP
PXGYF	-0.39		0.35	0.44	-0.59	-0.42	0.51	-0.31	0.4	-0.64	PXGYF
SPSTY	-0.1	0.35		0.06	-0.12	-0.02	0.14	-0.11	-0.06	-0.13	SPSTY
MKDW	-0.47	0.44	0.06		-0.35	-0.2	0.74	-0.17	0.46	-0.38	MKDW
SPSTF	0.67	-0.59	-0.12	-0.35		0.87	-0.61	0.49	-0.63	0.71	SPSTF
CAPR	0.75	-0.42	-0.02	-0.2	0.87		-0.61	0.53	-0.69	0.7	CAPR
LPSN	-0.87	0.51	0.14	0.74	-0.61	-0.61		-0.48	0.75	-0.62	LPSN
EVTC	0.63	-0.31	-0.11	-0.17	0.49	0.53	-0.48		-0.52	0.5	EVTC
SKLTY	-0.86	0.4	-0.06	0.46	-0.63	-0.69	0.75	-0.52		-0.66	SKLTY
WEGOF	0.65	-0.64	-0.13	-0.38	0.71	0.7	-0.62	0.5	-0.66		WEGOF
	GSFP	PXGYF	SPSTY	MKDW	SPSTF	CAPR	LPSN	EVTC	SKLTY	WEGOF

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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

CAPR	+ 0.87	SPSTF
CAPR	+ 0.75	GSFP
SKLTY	+ 0.75	LPSN
LPSN	+ 0.74	MKDW
WEGOF	+ 0.71	SPSTF
WEGOF	+ 0.7	CAPR

High negative correlations

LPSN	- 0.87	GSFP
SKLTY	- 0.86	GSFP
SKLTY	- 0.69	CAPR
WEGOF	- 0.66	SKLTY
WEGOF	- 0.64	PXGYF
SKLTY	- 0.63	SPSTF

Risk-Adjusted Indicators

There is a big difference between Namibia Pink Sheet performing well and Namibia Critical 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 Namibia Critical'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
GSFP	0.55	0.18	0.20	2.53	0.33	(0.68)	1.27	(1.10)	3.10
PXGYF	1.60	(0.07)	0.00	0.55	0.00	0.00	4.92	(6.15)	14.79
SPSTY	1.29	0.09	0.00	(0.13)	1.94	(2.90)	3.81	(3.49)	16.23
MKDW	4.35	(1.18)	0.00	2.57	0.00	0.00	7.84	(17.93)	36.75
SPSTF	0.40	0.10	0.00	4.16	0.00	0.00	0.00	0.00	12.92
CAPR	12.18	5.09	0.89	0.68	4.33	(15.73)	11.51	(8.29)	386.29
LPSN	3.66	(0.95)	0.00	(10.59)	0.00	0.00	5.56	(6.85)	25.36
EVTC	1.55	(0.03)	0.00	(0.57)	0.00	0.00	2.94	(3.16)	9.49
SKLTY	1.36	(0.41)	0.00	(20.77)	0.00	0.00	2.18	(3.41)	9.41
WEGOF	1.78	0.63	0.00	(0.90)	0.00	0.00	0.00	0.00	78.98

Be your own money manager

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