NetSol Technologies Correlations

NTWK Stock

USD 3.33 0.17 4.86%

The current 90-days correlation between NetSol Technologies and Aware Inc is -0.02 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as NetSol Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if NetSol Technologies moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

NetSol Technologies Correlation With Market

Good diversification

The correlation between NetSol Technologies 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 NetSol Technologies and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with NetSol Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NetSol Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in child.

For more information on how to buy NetSol Stock please use our How to buy in NetSol Stock guide.

Moving together with NetSol Stock

0.64

SIGL

Signal Advance

Pair Corr

Moving against NetSol Stock

0.44	U	Unity Software	Pair Corr
0.36	MQ	Marqeta	Pair Corr
0.48	CSCO	Cisco Systems Earnings Call This Week	Pair Corr
0.47	MRK	Merck Company Aggressive Push	Pair Corr
0.44	TRV	The Travelers Companies	Pair Corr
0.35	NIHK	Video River Networks	Pair Corr
0.35	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.34	JNJ	Johnson Johnson	Pair Corr

Related Correlations Analysis

	AWRE	SURG	HKIT	INLX	BLBX	BMR	PHUN	KNRX	MOGO	WFCF
AWRE		0.76	0.19	0.77	-0.71	0.54	0.8	0.57	0.88	0.66	AWRE
SURG	0.76		0.36	0.68	-0.64	0.45	0.8	0.55	0.8	0.42	SURG
HKIT	0.19	0.36		0.08	0.01	-0.16	0.12	-0.41	0.05	-0.32	HKIT
INLX	0.77	0.68	0.08		-0.58	0.62	0.76	0.53	0.91	0.63	INLX
BLBX	-0.71	-0.64	0.01	-0.58		-0.29	-0.44	-0.6	-0.74	-0.51	BLBX
BMR	0.54	0.45	-0.16	0.62	-0.29		0.74	0.59	0.54	0.74	BMR
PHUN	0.8	0.8	0.12	0.76	-0.44	0.74		0.64	0.81	0.65	PHUN
KNRX	0.57	0.55	-0.41	0.53	-0.6	0.59	0.64		0.67	0.74	KNRX
MOGO	0.88	0.8	0.05	0.91	-0.74	0.54	0.81	0.67		0.67	MOGO
WFCF	0.66	0.42	-0.32	0.63	-0.51	0.74	0.65	0.74	0.67		WFCF
	AWRE	SURG	HKIT	INLX	BLBX	BMR	PHUN	KNRX	MOGO	WFCF

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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

MOGO	+ 0.91	INLX
MOGO	+ 0.88	AWRE
MOGO	+ 0.81	PHUN
PHUN	+ 0.8	AWRE
PHUN	+ 0.8	SURG
MOGO	+ 0.8	SURG

High negative correlations

MOGO	- 0.74	BLBX
BLBX	- 0.71	AWRE
BLBX	- 0.64	SURG
KNRX	- 0.6	BLBX
BLBX	- 0.58	INLX
WFCF	- 0.51	BLBX

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
AWRE	2.00	(0.36)	0.00	(0.27)	0.00	0.00	4.10	(3.48)	14.94
SURG	4.28	(1.21)	0.00	(3.07)	0.00	0.00	11.49	(12.35)	52.00
HKIT	7.02	0.70	0.06	0.92	9.71	(7.16)	12.23	(15.12)	122.99
INLX	1.26	(0.15)	0.00	0.29	0.00	0.00	2.96	(2.87)	11.14
BLBX	5.23	0.30	0.05	0.20	6.60	(5.61)	11.84	(10.05)	37.55
BMR	3.52	(0.53)	0.00	(0.34)	0.00	0.00	6.90	(8.19)	19.23
PHUN	2.64	(0.60)	0.00	(0.91)	0.00	0.00	5.24	(5.94)	13.43
KNRX	5.12	(1.02)	0.00	(1.70)	0.00	0.00	11.57	(14.81)	41.01
MOGO	2.50	(0.84)	0.00	4.06	0.00	0.00	4.50	(6.40)	14.17
WFCF	1.25	(0.19)	0.00	(0.38)	0.00	0.00	2.82	(2.80)	13.24

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