National American Correlations
| NAUHDelisted Stock | USD 0.09 0.00 0.00% |
The current 90-days correlation between National American and Ambow Education Holding is -0.31 (i.e., Very good diversification). The correlation of National American 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.
National American Correlation With Market
Average diversification
The correlation between National American University and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding National American University and DJI in the same portfolio, assuming nothing else is changed.
National |
The ability to find closely correlated positions to National American could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace National American 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 National American - 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 National American University to buy it.
Moving against National OTC Stock
| 0.37 | GNS | Genius Group | PairCorr |
| 0.36 | EDTK | Skillful Craftsman | PairCorr |
| 0.37 | BTCTW | BTC Digital | PairCorr |
| 0.36 | BTCT | BTC Digital | PairCorr |
| 0.33 | STRA | Strategic Education | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
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Risk-Adjusted Indicators
There is a big difference between National OTC Stock performing well and National American 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 National American'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| TEDU | 3.49 | (0.31) | 0.00 | 0.43 | 0.00 | 11.08 | 34.33 | |||
| BEDU | 2.49 | (0.13) | 0.00 | 0.76 | 0.00 | 5.38 | 13.53 | |||
| LAUR | 1.33 | 0.25 | 0.13 | 0.54 | 1.18 | 3.14 | 13.35 | |||
| CLEU | 3.12 | (0.34) | 0.00 | (0.50) | 0.00 | 11.54 | 28.10 | |||
| GEHI | 2.63 | (0.15) | 0.00 | (0.12) | 0.00 | 7.53 | 37.55 | |||
| ATGE | 1.45 | 0.11 | 0.10 | 0.19 | 1.61 | 2.81 | 15.11 | |||
| STRA | 1.06 | (0.13) | (0.06) | 0.03 | 1.19 | 1.61 | 11.39 | |||
| LOPE | 1.26 | (0.01) | 0.07 | 0.12 | 1.06 | 2.20 | 17.79 | |||
| STG | 5.39 | 0.46 | 0.00 | (0.04) | 9.31 | 12.03 | 45.91 | |||
| PRDO | 1.58 | 0.10 | 0.12 | 0.18 | 1.46 | 2.59 | 18.36 |
View National American Related Equities
| Risk & Return | Correlation |
National American Corporate Management
Elected by the shareholders, the National American's board of directors comprises two types of representatives: National American inside directors who are chosen from within the company, and outside directors, selected externally and held independent of National. The board's role is to monitor National American's management team and ensure that shareholders' interests are well served. National American's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, National American's outside directors are responsible for providing unbiased perspectives on the board's policies.
| John EdD | Pres Center | Profile | |
| Thomas Bickart | Chief Officer | Profile | |
| EdD BA | CEO Pres | Profile | |
| J BS | G Counsel | Profile | |
| Lynn BA | Provost Officer | Profile | |
| Anthony Angelis | Chief Officer | Profile |
Still Interested in National American University?
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