Neo Concept Correlations
| NCI Stock | USD 0.51 0.03 6.25% |
The current 90-days correlation between Neo Concept Internat and National CineMedia is 0.13 (i.e., Average diversification). The correlation of Neo Concept 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.
Neo Concept Correlation With Market
Significant diversification
The correlation between Neo Concept International Grou and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Neo Concept International Grou and DJI in the same portfolio, assuming nothing else is changed.
Neo |
Moving together with Neo Stock
Moving against Neo Stock
| 0.55 | EEFT | Euronet Worldwide | PairCorr |
| 0.54 | VRSK | Verisk Analytics | PairCorr |
| 0.52 | WM | Waste Management | PairCorr |
| 0.44 | FA | First Advantage Corp Earnings Call Today | PairCorr |
| 0.43 | VIRC | Virco Manufacturing | PairCorr |
| 0.41 | VSEC | VSE Corporation Earnings Call This Week | PairCorr |
| 0.33 | ABM | ABM Industries Earnings Call This Week | PairCorr |
| 0.7 | GFL | Gfl Environmental | PairCorr |
| 0.48 | ACU | Acme United Earnings Call Tomorrow | PairCorr |
| 0.33 | CIX | CompX International Earnings Call Today | PairCorr |
| 0.33 | HNI | HNI Corp | PairCorr |
Related Correlations Analysis
| 0.0 | 0.06 | -0.68 | 0.59 | 0.74 | 0.54 | PLTK | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | SWMD | ||
| 0.06 | 0.0 | 0.25 | 0.43 | 0.12 | -0.66 | MAT | ||
| -0.68 | 0.0 | 0.25 | -0.14 | -0.68 | -0.6 | NTGR | ||
| 0.59 | 0.0 | 0.43 | -0.14 | 0.32 | 0.17 | NCMI | ||
| 0.74 | 0.0 | 0.12 | -0.68 | 0.32 | 0.32 | NRRWF | ||
| 0.54 | 0.0 | -0.66 | -0.6 | 0.17 | 0.32 | GNTX | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Neo Stock performing well and Neo Concept 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 Neo Concept'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PLTK | 1.28 | (0.32) | 0.00 | (0.70) | 0.00 | 1.93 | 8.59 | |||
| SWMD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| MAT | 1.33 | 0.25 | 0.15 | 0.44 | 1.36 | 2.58 | 18.31 | |||
| NTGR | 1.95 | 0.08 | 0.03 | 0.12 | 2.44 | 4.17 | 12.12 | |||
| NCMI | 1.60 | 0.01 | 0.01 | 0.02 | 1.67 | 3.30 | 11.17 | |||
| NRRWF | 1.75 | (0.31) | 0.00 | 1.14 | 0.00 | 0.00 | 25.00 | |||
| GNTX | 1.15 | (0.30) | 0.00 | (2.26) | 0.00 | 2.19 | 11.26 |