NetSol Technologies Correlations

NTWK Stock

USD 2.67 0.01 0.37%

The current 90-days correlation between NetSol Technologies and MIND CTI is 0.16 (i.e., Average 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

Weak diversification

The correlation between NetSol Technologies and DJI is 0.36 (i.e., Weak 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.

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 housing.

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

Moving together with NetSol Stock

0.74	DT	Dynatrace Holdings LLC Sell-off Trend	Pair Corr
0.62	QH	Quhuo	Pair Corr

Moving against NetSol Stock

0.63	VCSA	Vacasa Inc	Pair Corr
0.55	DMAN	Innovativ Media Group	Pair Corr
0.44	DV	DoubleVerify Holdings	Pair Corr
0.44	EGAN	eGain	Pair Corr
0.6	EXFY	Expensify Tech Boost	Pair Corr
0.55	EVOL	Evolving Systems	Pair Corr
0.52	ETWO	E2open Parent Holdings	Pair Corr
0.51	WDAY	Workday Earnings Call Today	Pair Corr
0.42	WALDW	Waldencast Acquisition	Pair Corr
0.36	WBTN	WEBTOON Entertainment	Pair Corr
0.36	EZFL	EzFill Holdings	Pair Corr

Related Correlations Analysis

	IWSY	MNDO	MODN	PDFS	RSSS	RDVT	IDBA	MLNK	OMQS	EVOL
IWSY		0.49	0.33	0.18	0.02	-0.1	0.02	-0.01	0.33	-0.06	IWSY
MNDO	0.49		0.75	0.04	-0.07	0.11	-0.62	-0.24	-0.1	-0.62	MNDO
MODN	0.33	0.75		-0.14	-0.02	0.25	-0.66	-0.14	-0.18	-0.69	MODN
PDFS	0.18	0.04	-0.14		0.28	0.34	-0.1	0.14	-0.36	-0.14	PDFS
RSSS	0.02	-0.07	-0.02	0.28		0.57	-0.08	0.11	-0.26	0.05	RSSS
RDVT	-0.1	0.11	0.25	0.34	0.57		-0.3	0.49	-0.61	-0.51	RDVT
IDBA	0.02	-0.62	-0.66	-0.1	-0.08	-0.3		0.49	0.63	0.82	IDBA
MLNK	-0.01	-0.24	-0.14	0.14	0.11	0.49	0.49		0.1	0.09	MLNK
OMQS	0.33	-0.1	-0.18	-0.36	-0.26	-0.61	0.63	0.1		0.64	OMQS
EVOL	-0.06	-0.62	-0.69	-0.14	0.05	-0.51	0.82	0.09	0.64		EVOL
	IWSY	MNDO	MODN	PDFS	RSSS	RDVT	IDBA	MLNK	OMQS	EVOL

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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

EVOL	+ 0.82	IDBA
MODN	+ 0.75	MNDO
EVOL	+ 0.64	OMQS
OMQS	+ 0.63	IDBA
RDVT	+ 0.57	RSSS
MNDO	+ 0.49	IWSY

High negative correlations

EVOL	- 0.69	MODN
IDBA	- 0.66	MODN
EVOL	- 0.62	MNDO
IDBA	- 0.62	MNDO
OMQS	- 0.61	RDVT
EVOL	- 0.51	RDVT

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
IWSY	40.89	15.95	0.44	11.14	20.37	(87.75)	138.46	(48.00)	467.50
MNDO	0.88	0.09	(0.03)	(2.21)	0.97	(1.13)	2.12	(1.99)	5.56
MODN	0.50	0.21	0.05	(0.40)	0.29	(0.69)	1.01	(0.50)	10.58
PDFS	1.77	(0.26)	(0.04)	0.00	2.56	(1.69)	3.24	(4.29)	11.36
RSSS	1.68	0.18	0.07	0.40	1.67	(2.24)	4.60	(3.35)	8.98
RDVT	1.99	0.31	0.22	0.33	1.39	(2.88)	5.54	(3.59)	11.61
IDBA	1.81	(0.50)	0.00	0.75	0.00	0.00	2.74	(6.49)	17.01
MLNK	1.64	(0.07)	(0.03)	0.05	2.32	(1.57)	3.17	(3.18)	14.62
OMQS	3.14	(0.23)	0.00	1.15	0.00	0.00	6.24	(7.78)	29.27
EVOL	2.28	(0.33)	0.00	1.52	0.00	0.00	6.67	(7.08)	36.25

NetSol Technologies Corporate Management

Patti McGlasson	Sr. VP of Legal and Corporate Affairs, General Counsel and Secretary	Profile
Erik Wagner	Chief Officer	Profile
Umar Qadri	Head Sales	Profile
Farooq Ghauri	Head AsiaPacific	Profile
Salim Ghauri	Founder Pakistan	Profile

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