NETCLASS TECHNOLOGY Correlations

NTCL Stock

0.40 0.02 4.76%

The current 90-days correlation between NETCLASS TECHNOLOGY INC and Firefly Neuroscience is 0.03 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as NETCLASS TECHNOLOGY moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if NETCLASS TECHNOLOGY INC moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

NETCLASS TECHNOLOGY Correlation With Market

Pay attention - limited upside

The correlation between NETCLASS TECHNOLOGY INC and DJI is -0.84 (i.e., Pay attention - limited upside) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding NETCLASS TECHNOLOGY INC and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with NETCLASS Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NETCLASS TECHNOLOGY INC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as various price indices.

Moving together with NETCLASS Stock

0.9	JZ	Jianzhi Education	Pair Corr
0.73	EEIQ	Elite Education Group	Pair Corr
0.81	FEDU	Four Seasons Education	Pair Corr
0.93	COE	51Talk Online Education	Pair Corr
0.84	SGN	Signing Day Sports	Pair Corr
0.62	GOTU	Gaotu Techedu DRC	Pair Corr
0.92	YSXT	YSX Tech	Pair Corr
0.91	AMBO	Ambow Education Holding	Pair Corr
0.71	STI	Solidion Technology	Pair Corr
0.73	PNGM	Er Therapeutics	Pair Corr

Moving against NETCLASS Stock

0.94	LAUR	Laureate Education Sell-off Trend	Pair Corr
0.88	LINC	Lincoln Educational	Pair Corr
0.79	IEL	Idp Education	Pair Corr
0.55	KME	Kip Mcgrath Education	Pair Corr
0.47	EDU	New Oriental Education	Pair Corr
0.31	FTDR	Frontdoor	Pair Corr
0.9	BIMT	Bitmis Corp	Pair Corr
0.89	LA3A	Laureate Education	Pair Corr
0.85	03F	IDP EDUCATION LTD	Pair Corr
0.77	STRA	Strategic Education	Pair Corr
0.76	FOOD	Goodfood Market Corp	Pair Corr
0.69	FCTI	Fact Inc	Pair Corr
0.61	SQE	Strategic Education	Pair Corr
0.45	MFD	Mayfield Childcare	Pair Corr
0.93	SPGX	Sustainable Projects	Pair Corr
0.9	CUEN	Cuentas	Pair Corr

Related Correlations Analysis

	AIFF	NXPL	CNTM	SAGT	RMSG	CLPS	HTCR	MNDO	SWVL	FOXX
AIFF		0.43	-0.5	0.4	0.93	-0.32	0.81	-0.48	0.77	-0.06	AIFF
NXPL	0.43		-0.46	-0.08	0.42	-0.07	0.61	-0.6	0.6	-0.12	NXPL
CNTM	-0.5	-0.46		-0.07	-0.49	0.2	-0.67	0.4	-0.8	0.45	CNTM
SAGT	0.4	-0.08	-0.07		0.37	-0.13	0.27	-0.08	0.18	0.26	SAGT
RMSG	0.93	0.42	-0.49	0.37		-0.5	0.82	-0.52	0.76	-0.08	RMSG
CLPS	-0.32	-0.07	0.2	-0.13	-0.5		-0.34	0.34	-0.33	0.14	CLPS
HTCR	0.81	0.61	-0.67	0.27	0.82	-0.34		-0.77	0.85	-0.38	HTCR
MNDO	-0.48	-0.6	0.4	-0.08	-0.52	0.34	-0.77		-0.51	0.31	MNDO
SWVL	0.77	0.6	-0.8	0.18	0.76	-0.33	0.85	-0.51		-0.42	SWVL
FOXX	-0.06	-0.12	0.45	0.26	-0.08	0.14	-0.38	0.31	-0.42		FOXX
	AIFF	NXPL	CNTM	SAGT	RMSG	CLPS	HTCR	MNDO	SWVL	FOXX

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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

RMSG	+ 0.93	AIFF
SWVL	+ 0.85	HTCR
HTCR	+ 0.82	RMSG
HTCR	+ 0.81	AIFF
SWVL	+ 0.77	AIFF
SWVL	+ 0.76	RMSG

High negative correlations

SWVL	- 0.8	CNTM
MNDO	- 0.77	HTCR
HTCR	- 0.67	CNTM
MNDO	- 0.6	NXPL
MNDO	- 0.52	RMSG
SWVL	- 0.51	MNDO

Risk-Adjusted Indicators

There is a big difference between NETCLASS Stock performing well and NETCLASS TECHNOLOGY 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 NETCLASS TECHNOLOGY'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
AIFF	3.90	(1.27)	0.00	(0.36)	0.00	0.00	5.99	(8.74)	24.51
NXPL	3.82	(0.21)	0.00	(0.06)	0.00	0.00	8.33	(8.16)	28.43
CNTM	9.09	1.54	0.13	(17.34)	9.54	(11.22)	23.08	(15.38)	54.57
SAGT	3.60	0.04	0.01	0.07	4.08	(4.34)	8.70	(7.50)	29.68
RMSG	4.82	(1.70)	0.00	(1.91)	0.00	0.00	10.13	(14.71)	35.33
CLPS	2.99	0.34	0.09	0.32	3.04	(4.19)	5.88	(5.56)	34.67
HTCR	4.25	(1.32)	0.00	(0.62)	0.00	0.00	7.81	(11.90)	27.17
MNDO	1.36	0.09	0.03	5.46	1.63	(1.83)	2.54	(3.36)	14.13
SWVL	3.86	(0.77)	0.00	(0.31)	0.00	0.00	6.93	(7.61)	30.01
FOXX	9.07	0.84	0.09	0.31	9.10	(11.95)	23.93	(18.10)	101.37

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