NetSol Technologies Correlations
| NS9B Stock | EUR 2.52 0.06 2.44% |
The current 90-days correlation between NetSol Technologies and Palo Alto Networks is 0.19 (i.e., Average diversification). The correlation of NetSol Technologies 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.
NetSol Technologies Correlation With Market
Average diversification
The correlation between NetSol Technologies and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding NetSol Technologies and DJI in the same portfolio, assuming nothing else is changed.
NetSol |
The ability to find closely correlated positions to NetSol Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NetSol Technologies 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 NetSol Technologies - 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 NetSol Technologies to buy it.
Moving together with NetSol Stock
| 0.81 | 5AP | Palo Alto Networks | PairCorr |
| 0.69 | CDS | Cadence Design Systems | PairCorr |
| 0.79 | DSY | Dassault Systmes | PairCorr |
| 0.7 | FO8 | Fortinet | PairCorr |
| 0.67 | AUD | Autodesk | PairCorr |
| 0.87 | 096 | HubSpot | PairCorr |
| 0.62 | E908 | Lyxor 1 | PairCorr |
Moving against NetSol Stock
| 0.85 | KB9 | KBC Ancora SCA | PairCorr |
| 0.82 | PJM | PT Bumi Resources | PairCorr |
| 0.81 | EJR | East Japan Railway | PairCorr |
| 0.79 | OIX | ORIX | PairCorr |
| 0.78 | NVPJ | TMBThanachart Bank Public | PairCorr |
| 0.72 | APC | Apple Inc | PairCorr |
| 0.65 | TCID | Telkom Indonesia Tbk | PairCorr |
| 0.62 | FCQ | FTI CONSULTING | PairCorr |
| 0.6 | ICK | Industrial and Commercial | PairCorr |
| 0.5 | FMV | First Majestic Silver | PairCorr |
| 0.38 | DBPD | Xtrackers ShortDAX | PairCorr |
| 0.35 | CY2 | Canadian National Railway | PairCorr |
Related Correlations Analysis
Risk-Adjusted Indicators
There is a big difference between NetSol Stock performing well and NetSol Technologies 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 NetSol Technologies' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 5AP | 1.41 | (0.11) | 0.00 | 0.41 | 0.00 | 2.40 | 10.36 | |||
| DSY | 1.28 | (0.25) | 0.00 | (2.68) | 0.00 | 2.13 | 16.15 | |||
| FO8 | 1.32 | (0.05) | 0.00 | (0.38) | 0.00 | 3.21 | 9.01 | |||
| AUD | 1.11 | (0.11) | 0.00 | 0.93 | 0.00 | 2.23 | 9.50 | |||
| 096 | 2.24 | (0.01) | 0.00 | 0.10 | 0.00 | 4.15 | 23.95 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in NetSol Technologies 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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Performance AnalysisCheck effects of mean-variance optimization against your current asset allocation |
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NetSol Technologies Corporate Management
Elected by the shareholders, the NetSol Technologies' board of directors comprises two types of representatives: NetSol Technologies inside directors who are chosen from within the company, and outside directors, selected externally and held independent of NetSol. The board's role is to monitor NetSol Technologies' management team and ensure that shareholders' interests are well served. NetSol Technologies' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, NetSol Technologies' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Roger CPA | Chief Officer | Profile | |
| BooAli FCA | CFO Ltd | Profile | |
| Umar Qadri | Head Sales | Profile | |
| Matt Glover | Investor Officer | Profile |