Nextplay Technologies Correlations

Summary

NXTPDelisted Stock

USD 1.10 0.09 7.56%

The current 90-days correlation between Nextplay Technologies and Bridgeline Digital is -0.02 (i.e., Good diversification). The correlation of Nextplay Technologies 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Nextplay Technologies Correlation With Market

Good diversification

The correlation between Nextplay Technologies and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nextplay Technologies and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Nextplay OTC Stock

0.69	MQ	Marqeta	Pair Corr
0.71	VERI	Veritone	Pair Corr
0.67	VHAI	VHAI	Pair Corr
0.84	FAAS	DigiAsia Corp Symbol Change	Pair Corr
0.64	OLB	OLB Group Tech Boost	Pair Corr

Moving against Nextplay OTC Stock

0.78	NN	Nextnav Acquisition Corp	Pair Corr
0.6	EVCM	EverCommerce	Pair Corr
0.59	EVTC	Evertec	Pair Corr
0.52	VRNT	Verint Systems	Pair Corr
0.49	ZS	Zscaler	Pair Corr
0.44	CETXP	Cemtrex Pref	Pair Corr
0.42	EXOD	Exodus Movement,	Pair Corr
0.8	FLYW	Flywire Corp Sell-off Trend	Pair Corr
0.74	FIVN	Five9 Inc	Pair Corr
0.71	FTNT	Fortinet	Pair Corr
0.58	GEN	Gen Digital	Pair Corr
0.57	DLO	Dlocal	Pair Corr
0.53	DBX	Dropbox	Pair Corr
0.45	NET	Cloudflare	Pair Corr
0.33	BOX	Box Inc	Pair Corr

Related Correlations Analysis

	DTSS	AUID	PRTH	DROP	CISO	CETX	TAOP	TONR	GB	BLIN
DTSS		0.35	-0.22	-0.01	-0.28	0.18	0.08	0.58	-0.46	-0.46	DTSS
AUID	0.35		-0.72	-0.07	-0.47	0.7	0.61	0.52	-0.64	-0.53	AUID
PRTH	-0.22	-0.72		0.12	0.77	-0.8	-0.56	-0.55	0.71	0.63	PRTH
DROP	-0.01	-0.07	0.12		0.19	0.13	0.25	0.18	-0.18	-0.13	DROP
CISO	-0.28	-0.47	0.77	0.19		-0.58	-0.18	-0.5	0.56	0.55	CISO
CETX	0.18	0.7	-0.8	0.13	-0.58		0.82	0.5	-0.66	-0.53	CETX
TAOP	0.08	0.61	-0.56	0.25	-0.18	0.82		0.35	-0.42	-0.25	TAOP
TONR	0.58	0.52	-0.55	0.18	-0.5	0.5	0.35		-0.69	-0.67	TONR
GB	-0.46	-0.64	0.71	-0.18	0.56	-0.66	-0.42	-0.69		0.92	GB
BLIN	-0.46	-0.53	0.63	-0.13	0.55	-0.53	-0.25	-0.67	0.92		BLIN
	DTSS	AUID	PRTH	DROP	CISO	CETX	TAOP	TONR	GB	BLIN

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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

BLIN	+ 0.92	GB
TAOP	+ 0.82	CETX
CISO	+ 0.77	PRTH
GB	+ 0.71	PRTH
CETX	+ 0.7	AUID
BLIN	+ 0.63	PRTH

High negative correlations

CETX	- 0.8	PRTH
PRTH	- 0.72	AUID
GB	- 0.69	TONR
BLIN	- 0.67	TONR
GB	- 0.66	CETX
GB	- 0.64	AUID

Risk-Adjusted Indicators

There is a big difference between Nextplay OTC Stock performing well and Nextplay Technologies OTC Stock 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 Nextplay 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
DTSS	3.18	(0.08)	0.00	(0.49)	0.00	0.00	5.37	(5.78)	29.46
AUID	4.46	(0.01)	0.00	(0.02)	4.57	(6.41)	10.25	(8.96)	43.89
PRTH	4.90	0.72	0.13	2.03	4.83	(5.92)	14.65	(7.51)	33.72
DROP	12.10	1.02	0.05	3.91	12.78	(24.53)	36.54	(26.00)	136.00
CISO	6.91	0.72	0.06	(1.31)	10.17	(8.08)	14.81	(15.23)	76.75
CETX	6.33	(1.87)	0.00	(12.27)	0.00	0.00	10.78	(16.00)	75.61
TAOP	3.72	(0.64)	0.00	1.58	0.00	0.00	6.06	(7.69)	42.41
TONR	6.52	(0.24)	0.00	0.20	0.00	0.00	50.00	(33.33)	83.33
GB	2.30	0.54	0.16	14.18	2.71	(2.51)	4.77	(4.49)	22.78
BLIN	4.36	0.81	0.14	(1.49)	4.65	(5.93)	16.00	(9.20)	45.75

Nextplay Technologies Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Nextplay Technologies otc stock to make a market-neutral strategy. Peer analysis of Nextplay Technologies could also be used in its relative valuation, which is a method of valuing Nextplay Technologies by comparing valuation metrics with similar companies.

Datasea authID Inc Priority Technology Holdings Fuse Science Cerberus Cyber Sentinel Cemtrex Taoping TonnerOne World Holdings Global Blue Group Bridgeline Digital Alarum Technologies CiT Inc Zenvia Inc American Airlines Group Alcoa Corp

Risk & Return

Correlation

Nextplay Technologies Corporate Management

Elected by the shareholders, the Nextplay Technologies' board of directors comprises two types of representatives: Nextplay Technologies inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Nextplay. The board's role is to monitor Nextplay Technologies' management team and ensure that shareholders' interests are well served. Nextplay Technologies' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Nextplay Technologies' outside directors are responsible for providing unbiased perspectives on the board's policies.

Andrew Greaves	Chief Officer	Profile
William Kerby	CoCEO Director	Profile
Mark Vange	Chief Officer	Profile
Nithinan Boonyawattanapisut	CoCEO Director	Profile
Timothy Sikora	Chief Officer	Profile
Nutthaphol Rungsakhon	Interim Officer	Profile

Still Interested in Nextplay Technologies?

Investing in delisted otcs can be risky, as the otc stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.

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