Nanalysis Scientific Correlations

NSCIF Stock

USD 0.22 0.01 4.76%

The current 90-days correlation between Nanalysis Scientific Corp and Genasys is -0.04 (i.e., Good diversification). The correlation of Nanalysis Scientific 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.

Nanalysis Scientific Correlation With Market

Good diversification

The correlation between Nanalysis Scientific Corp and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nanalysis Scientific Corp and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Nanalysis OTC Stock

0.65

PBCRF

PT Bank Central

Pair Corr

Moving against Nanalysis OTC Stock

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0.45	FTV	Fortive Corp	Pair Corr
0.83	62878U2A9	NBNAUS 145 05	Pair Corr
0.8	PLTR	Palantir Technologies Earnings Call This Week	Pair Corr
0.72	PYPL	PayPal Holdings Earnings Call This Week	Pair Corr
0.72	VIST	Vista Oil Gas	Pair Corr
0.7	898339AA4	FUNOTR 4869 15	Pair Corr
0.62	GILT	Gilat Satellite Networks	Pair Corr
0.61	BAMXF	Bayerische Motoren Werke	Pair Corr
0.59	V	Visa Class A	Pair Corr
0.53	LPTH	LightPath Technologies Earnings Call This Week	Pair Corr
0.41	CHKP	Check Point Software Earnings Call This Week	Pair Corr
0.39	GILD	Gilead Sciences Earnings Call This Week	Pair Corr
0.38	ISRG	Intuitive Surgical	Pair Corr
0.36	NRG	NRG Energy	Pair Corr

Related Correlations Analysis

	CODAF	ACFN	GNSS	KRKNF	ESE	KNW	FCUV	SOTK	MLAB	MIND
CODAF		-0.52	-0.28	0.43	0.24	-0.26	0.2	-0.01	0.18	0.36	CODAF
ACFN	-0.52		0.1	-0.19	-0.4	0.03	0.08	-0.3	-0.01	-0.12	ACFN
GNSS	-0.28	0.1		-0.68	0.43	0.67	-0.48	0.53	-0.75	-0.88	GNSS
KRKNF	0.43	-0.19	-0.68		-0.03	-0.59	0.51	-0.43	0.69	0.78	KRKNF
ESE	0.24	-0.4	0.43	-0.03		0.57	-0.4	0.68	-0.44	-0.44	ESE
KNW	-0.26	0.03	0.67	-0.59	0.57		-0.59	0.82	-0.71	-0.9	KNW
FCUV	0.2	0.08	-0.48	0.51	-0.4	-0.59		-0.61	0.65	0.64	FCUV
SOTK	-0.01	-0.3	0.53	-0.43	0.68	0.82	-0.61		-0.55	-0.71	SOTK
MLAB	0.18	-0.01	-0.75	0.69	-0.44	-0.71	0.65	-0.55		0.83	MLAB
MIND	0.36	-0.12	-0.88	0.78	-0.44	-0.9	0.64	-0.71	0.83		MIND
	CODAF	ACFN	GNSS	KRKNF	ESE	KNW	FCUV	SOTK	MLAB	MIND

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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

MIND	+ 0.83	MLAB
SOTK	+ 0.82	KNW
MIND	+ 0.78	KRKNF
MLAB	+ 0.69	KRKNF
SOTK	+ 0.68	ESE
KNW	+ 0.67	GNSS

High negative correlations

MIND	- 0.9	KNW
MIND	- 0.88	GNSS
MLAB	- 0.75	GNSS
MIND	- 0.71	SOTK
MLAB	- 0.71	KNW
KRKNF	- 0.68	GNSS

Risk-Adjusted Indicators

There is a big difference between Nanalysis OTC Stock performing well and Nanalysis Scientific OTC Stock 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 Nanalysis Scientific'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
CODAF	0.32	0.04	0.00	6.44	0.00	0.00	0.00	0.00	17.67
ACFN	3.64	0.19	0.03	0.38	3.88	(6.93)	7.14	(6.67)	37.69
GNSS	2.78	(0.24)	0.00	(4.43)	0.00	0.00	5.15	(6.47)	25.15
KRKNF	3.55	0.73	0.17	2.44	3.42	(4.40)	9.59	(5.76)	24.50
ESE	1.18	0.03	(0.03)	0.22	1.50	(1.14)	1.95	(2.30)	13.40
KNW	5.98	(1.14)	0.00	(0.55)	0.00	0.00	13.64	(15.38)	34.54
FCUV	9.22	1.89	0.19	0.88	8.08	(15.28)	15.25	(19.57)	197.27
SOTK	2.25	(0.26)	0.00	(0.23)	0.00	0.00	4.77	(4.73)	18.96
MLAB	2.46	0.29	0.08	0.49	2.94	(2.80)	5.04	(4.12)	23.18
MIND	3.88	1.74	0.49	(1.71)	2.36	(5.67)	12.43	(3.63)	53.88

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Our tools can tell you how much better you can do entering a position in Nanalysis Scientific 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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Nanalysis Scientific Corporate Management

Elected by the shareholders, the Nanalysis Scientific's board of directors comprises two types of representatives: Nanalysis Scientific inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Nanalysis. The board's role is to monitor Nanalysis Scientific's management team and ensure that shareholders' interests are well served. Nanalysis Scientific's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Nanalysis Scientific's outside directors are responsible for providing unbiased perspectives on the board's policies.

Susanne Riegel	Director Mang	Profile
Sean MSc	CEO, Founder	Profile
Julien Muller	Chief Officer	Profile
Greg McFeetors	Head Manufacturing	Profile
Heather Phillips	Director Operations	Profile
Matt Zamora	Sales Mang	Profile
Matthew Selinger	Investor Mang	Profile

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