NetSol Technologies Correlations

NTWK Stock

USD 2.98 0.01 0.34%

The current 90-days correlation between NetSol Technologies and Aware Inc is 0.09 (i.e., Significant 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

Average diversification

The correlation between NetSol Technologies and DJI is 0.15 (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.

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 services.

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

Moving together with NetSol Stock

0.83	JG	Aurora Mobile	Pair Corr
0.9	RXT	Rackspace Technology	Pair Corr
0.94	SAP	SAP SE ADR	Pair Corr
0.95	TTD	Trade Desk	Pair Corr
0.86	CLSK	CleanSpark Aggressive Push	Pair Corr
0.87	UPLD	Upland Software	Pair Corr
0.81	HPQ	HP Inc	Pair Corr
0.92	HD	Home Depot Sell-off Trend	Pair Corr

Moving against NetSol Stock

0.85	MGIC	Magic Software Enter	Pair Corr
0.85	TLK	Telkom Indonesia Tbk	Pair Corr
0.85	KEP	Korea Electric Power	Pair Corr
0.84	PTITF	PT Indosat Tbk	Pair Corr
0.75	TLKMF	Telkom Indonesia Tbk	Pair Corr
0.74	EC	Ecopetrol SA ADR	Pair Corr
0.71	PTAIY	Astra International Tbk	Pair Corr
0.6	RDZN	Roadzen	Pair Corr
0.53	ZM	Zoom Video Communications	Pair Corr
0.36	USDC	USDATA Corp	Pair Corr
0.93	CSCO	Cisco Systems	Pair Corr
0.87	JNJ	Johnson Johnson	Pair Corr
0.86	MRK	Merck Company Sell-off Trend	Pair Corr
0.82	FTV	Fortive Corp	Pair Corr
0.77	XOM	Exxon Mobil Corp	Pair Corr
0.74	ADAMI	New York Mortgage Symbol Change	Pair Corr
0.73	CAT	Caterpillar	Pair Corr
0.64	WMT	Walmart Common Stock	Pair Corr
0.64	AXP	American Express	Pair Corr
0.59	MCD	McDonalds	Pair Corr
0.51	MMM	3M Company	Pair Corr
0.47	IBM	International Business	Pair Corr

Related Correlations Analysis

	AWRE	SURG	HKIT	INLX	BLBX	BMR	PHUN	KNRX	MOGO	WFCF
AWRE		0.84	0.26	0.76	0.03	0.74	0.8	0.61	0.83	0.54	AWRE
SURG	0.84		0.33	0.86	0.2	0.78	0.9	0.57	0.92	0.48	SURG
HKIT	0.26	0.33		0.03	-0.07	-0.09	0.09	-0.3	0.13	-0.27	HKIT
INLX	0.76	0.86	0.03		0.38	0.88	0.94	0.71	0.96	0.57	INLX
BLBX	0.03	0.2	-0.07	0.38		0.37	0.38	0.02	0.31	0.09	BLBX
BMR	0.74	0.78	-0.09	0.88	0.37		0.94	0.81	0.9	0.72	BMR
PHUN	0.8	0.9	0.09	0.94	0.38	0.94		0.75	0.97	0.63	PHUN
KNRX	0.61	0.57	-0.3	0.71	0.02	0.81	0.75		0.71	0.71	KNRX
MOGO	0.83	0.92	0.13	0.96	0.31	0.9	0.97	0.71		0.62	MOGO
WFCF	0.54	0.48	-0.27	0.57	0.09	0.72	0.63	0.71	0.62		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	+ 0.97	PHUN
MOGO	+ 0.96	INLX
PHUN	+ 0.94	INLX
PHUN	+ 0.94	BMR
MOGO	+ 0.92	SURG
PHUN	+ 0.9	SURG

High negative correlations

KNRX	- 0.3	HKIT
WFCF	- 0.27	HKIT
BMR	- 0.09	HKIT
BLBX	- 0.07	HKIT

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	2.60	(0.27)	0.00	(0.24)	0.00	0.00	5.41	(6.75)	19.99
SURG	3.43	(0.70)	0.00	(0.31)	0.00	0.00	5.90	(6.67)	29.32
HKIT	6.72	0.66	0.05	9.73	9.41	(6.48)	12.23	(15.12)	122.99
INLX	1.47	(0.49)	0.00	0.71	0.00	0.00	2.96	(5.03)	13.59
BLBX	7.10	0.97	0.14	0.30	7.17	(8.27)	21.59	(12.91)	69.73
BMR	3.75	(0.81)	0.00	(0.20)	0.00	0.00	8.00	(8.19)	19.23
PHUN	2.90	(0.60)	0.00	(0.19)	0.00	0.00	5.67	(6.09)	16.82
KNRX	4.17	(1.00)	0.00	(0.70)	0.00	0.00	8.00	(10.26)	32.65
MOGO	2.51	(0.89)	0.00	(0.98)	0.00	0.00	4.50	(6.40)	14.17
WFCF	1.54	(0.28)	0.00	(0.17)	0.00	0.00	3.14	(2.93)	13.24

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