Netcents Technology Correlations

NTTCF Stock

USD 0.0001 0.00 0.00%

The correlation of Netcents Technology 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.

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

Moving together with Netcents Pink Sheet

1.0	GCFB	Granite City Food	Pair Corr
1.0	TMCV	Temecula Valley Bancorp	Pair Corr
1.0	IPMG	International Precious	Pair Corr
1.0	COHG	Cheetah Oil Gas	Pair Corr
1.0	BFDE	Bedford Energy	Pair Corr

Related Correlations Analysis

	OBIIF	KYOCF	LNVGF	LNVGY	LSRCY	LSRCF	KYOCY	WIGBY	XROLF	NEXOY
OBIIF		-0.8	0.27	0.37	-0.5	-0.55	-0.05	0.6	0.44	-0.02	OBIIF
KYOCF	-0.8		-0.59	-0.7	0.62	0.61	0.15	-0.69	-0.77	0.43	KYOCF
LNVGF	0.27	-0.59		0.8	-0.65	-0.58	-0.26	0.57	0.8	-0.72	LNVGF
LNVGY	0.37	-0.7	0.8		-0.64	-0.58	-0.27	0.57	0.95	-0.84	LNVGY
LSRCY	-0.5	0.62	-0.65	-0.64		0.85	0.21	-0.72	-0.71	0.51	LSRCY
LSRCF	-0.55	0.61	-0.58	-0.58	0.85		0.07	-0.83	-0.64	0.37	LSRCF
KYOCY	-0.05	0.15	-0.26	-0.27	0.21	0.07		0.06	-0.4	0.27	KYOCY
WIGBY	0.6	-0.69	0.57	0.57	-0.72	-0.83	0.06		0.64	-0.38	WIGBY
XROLF	0.44	-0.77	0.8	0.95	-0.71	-0.64	-0.4	0.64		-0.81	XROLF
NEXOY	-0.02	0.43	-0.72	-0.84	0.51	0.37	0.27	-0.38	-0.81		NEXOY
	OBIIF	KYOCF	LNVGF	LNVGY	LSRCY	LSRCF	KYOCY	WIGBY	XROLF	NEXOY

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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

XROLF	+ 0.95	LNVGY
LSRCF	+ 0.85	LSRCY
LNVGY	+ 0.8	LNVGF
XROLF	+ 0.8	LNVGF
XROLF	+ 0.64	WIGBY
LSRCY	+ 0.62	KYOCF

High negative correlations

NEXOY	- 0.84	LNVGY
WIGBY	- 0.83	LSRCF
NEXOY	- 0.81	XROLF
KYOCF	- 0.8	OBIIF
XROLF	- 0.77	KYOCF
WIGBY	- 0.72	LSRCY

Risk-Adjusted Indicators

There is a big difference between Netcents Pink Sheet performing well and Netcents 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 Netcents 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
OBIIF	0.28	(0.15)	0.00	(0.25)	0.00	0.00	0.00	0.00	9.22
KYOCF	0.32	0.17	0.00	(0.86)	0.00	0.00	0.00	0.00	7.88
LNVGF	3.06	(0.29)	0.00	1.64	0.00	0.00	7.48	(6.12)	22.58
LNVGY	1.27	(0.38)	0.00	(0.35)	0.00	0.00	2.00	(2.67)	9.73
LSRCY	2.85	0.51	0.16	0.79	2.80	(3.46)	7.25	(4.72)	26.19
LSRCF	2.31	0.79	0.11	(2.09)	1.68	(11.23)	2.70	(2.57)	50.51
KYOCY	1.28	0.01	0.01	0.07	1.97	(1.20)	2.21	(3.79)	7.87
WIGBY	2.16	(0.47)	0.00	(0.69)	0.00	0.00	4.58	(7.60)	17.65
XROLF	1.25	(0.60)	0.00	(0.81)	0.00	0.00	1.71	(5.93)	18.57
NEXOY	1.76	0.17	0.09	0.27	1.61	(2.19)	4.35	(3.05)	11.46

Be your own money manager

Our tools can tell you how much better you can do entering a position in Netcents Technology 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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Netcents Technology Corporate Management

Agnes Li	Sr Controller	Profile
CFP CA	Interim Officer	Profile
Pat Albright	VP Devel	Profile
Jennifer Lowther	Pres Director	Profile
Nilang Vyas	Chief Officer	Profile
Gaurav Mohan	Chief Officer	Profile

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