NRP Stone Correlations
| NRPI Stock | USD 0.07 0.01 9.69% |
The current 90-days correlation between NRP Stone and Born Inc is 0.08 (i.e., Significant diversification). The correlation of NRP Stone 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.
NRP Stone Correlation With Market
Average diversification
The correlation between NRP Stone and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding NRP Stone and DJI in the same portfolio, assuming nothing else is changed.
NRP |
The ability to find closely correlated positions to NRP Stone could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NRP Stone 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 NRP Stone - 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 NRP Stone to buy it.
Moving together with NRP Pink Sheet
| 0.64 | EADSF | Airbus Group SE | PairCorr |
| 0.68 | EADSY | Airbus Group NV | PairCorr |
| 0.75 | NYMXF | Nymox Pharmaceutical | PairCorr |
Moving against NRP Pink Sheet
| 0.7 | SAR | Saratoga Investment Corp | PairCorr |
| 0.52 | VLKAF | Volkswagen AG | PairCorr |
| 0.51 | VWAGY | Volkswagen AG 110 | PairCorr |
| 0.49 | RLLCF | Rolls Royce Holdings | PairCorr |
| 0.34 | WMT | Walmart Common Stock | PairCorr |
| 0.33 | ACN | Accenture plc Sell-off Trend | PairCorr |
| 0.72 | GPAEF | Grupo Aeroportuario del | PairCorr |
| 0.65 | URBN | Urban Outfitters | PairCorr |
| 0.58 | VLKPF | Volkswagen AG VZO | PairCorr |
| 0.54 | DC | Dakota Gold Corp | PairCorr |
| 0.47 | ONDS | Ondas Holdings Aggressive Push | PairCorr |
| 0.45 | TPB | Turning Point Brands | PairCorr |
| 0.33 | TORO | Toro | PairCorr |
| 0.33 | PFE | Pfizer Inc | PairCorr |
| 0.45 | RIVN | Rivian Automotive Sell-off Trend | PairCorr |
| 0.43 | HIRU | Hiru | PairCorr |
| 0.35 | WSBK | Winchester Bancorp, | PairCorr |
| 0.33 | IMTL | Image Protect | 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
|
Risk-Adjusted Indicators
There is a big difference between NRP Pink Sheet performing well and NRP Stone 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 NRP Stone'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| RLLCF | 5.22 | (0.14) | 0.00 | 0.58 | 0.00 | 10.00 | 32.82 | |||
| GTII | 310.26 | 161.00 | 3.25 | 1.75 | 39.89 | 300.00 | 9,772 | |||
| QBAK | 3.42 | 0.43 | 0.06 | 0.42 | 4.44 | 13.31 | 43.61 | |||
| NHHHF | 2.84 | 0.31 | 0.02 | 0.35 | 4.57 | 9.60 | 45.00 | |||
| PYRGF | 4.56 | 0.45 | 0.07 | 0.61 | 4.09 | 11.76 | 35.75 | |||
| CTRNF | 2.04 | 0.86 | 0.00 | (2.32) | 0.00 | 5.26 | 60.00 | |||
| VCIGF | 1.11 | 0.13 | 0.00 | (0.23) | 2.89 | 2.16 | 26.30 | |||
| SFRX | 5.85 | 0.61 | 0.09 | 0.28 | 5.45 | 17.39 | 40.11 | |||
| BRRN | 1.69 | (0.36) | 0.00 | (1.46) | 0.00 | 0.95 | 32.03 | |||
| GRNWF | 3.82 | (0.29) | 0.00 | (8.20) | 0.00 | 7.14 | 29.41 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in NRP Stone 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?
Run Global Markets Map Now
Global Markets MapGet a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes |
| All Next | Launch Module |
NRP Stone Corporate Management
| Josh Hanes | Pres CEO | Profile | |
| Eric Willeitner | Sec Engineering | Profile | |
| J Heaton | President | Profile | |
| Jeffrey Johnson | Ex Directors | Profile | |
| Emily Higgins | Director Projects | Profile |