Netcapital Correlations
| NCPLW Stock | USD 0.04 0.01 14.44% |
The current 90-days correlation between Netcapital and Netcapital is -0.15 (i.e., Good diversification). The correlation of Netcapital 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.
Netcapital Correlation With Market
Good diversification
The correlation between Netcapital and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Netcapital and DJI in the same portfolio, assuming nothing else is changed.
Netcapital |
Moving together with Netcapital Stock
| 0.78 | V | Visa Class A | PairCorr |
| 0.82 | DB | Deutsche Bank AG Normal Trading | PairCorr |
| 0.88 | DX | Dynex Capital | PairCorr |
| 0.72 | LU | Lufax Holding | PairCorr |
| 0.84 | LX | Lexinfintech Holdings | PairCorr |
| 0.62 | MA | Mastercard | PairCorr |
| 0.84 | XP | Xp Inc Normal Trading | PairCorr |
| 0.72 | DMYY | dMY Squared Technology | PairCorr |
| 0.73 | DOMH | Dominari Holdings | PairCorr |
| 0.75 | DYCQ | DT Cloud Acquisition | PairCorr |
| 0.82 | VMCA | Valuence Merger Corp | PairCorr |
| 0.83 | EMCGU | Embrace Change Acqui | PairCorr |
Moving against Netcapital Stock
| 0.83 | LC | LendingClub Corp | PairCorr |
| 0.64 | BX | Blackstone Group Normal Trading | PairCorr |
| 0.56 | DHIL | Diamond Hill Investment | PairCorr |
| 0.5 | MC | Moelis | PairCorr |
| 0.48 | CG | Carlyle Group | PairCorr |
| 0.66 | WT | WisdomTree | PairCorr |
| 0.64 | WD | Walker Dunlop | PairCorr |
| 0.57 | RC | Ready Capital Corp | PairCorr |
| 0.44 | PX | P10 Inc | PairCorr |
| 0.39 | SF | Stifel Financial | PairCorr |
| 0.36 | VCTR | Victory Capital Holdings Normal Trading | PairCorr |
| 0.76 | VRTS | Virtus Investment | PairCorr |
| 0.61 | LGHLW | Lion Financial Group | PairCorr |
| 0.5 | ECPG | Encore Capital Group | PairCorr |
Related Correlations Analysis
| -0.14 | 0.0 | -0.01 | 0.03 | NCPL | ||
| -0.14 | 0.0 | 0.31 | 0.24 | BZFDW | ||
| 0.0 | 0.0 | 0.0 | 0.0 | DRCTW | ||
| -0.01 | 0.31 | 0.0 | -0.02 | GFAIW | ||
| 0.03 | 0.24 | 0.0 | -0.02 | SHFSW | ||
| 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
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between Netcapital Stock performing well and Netcapital 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 Netcapital'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| NCPL | 3.49 | 0.13 | 0.00 | (0.03) | 0.00 | 7.54 | 21.54 | |||
| BZFDW | 9.51 | (1.31) | 0.00 | (9.52) | 0.00 | 22.54 | 53.94 | |||
| DRCTW | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| GFAIW | 13.93 | 1.81 | 0.14 | (0.68) | 12.48 | 35.00 | 138.35 | |||
| SHFSW | 8.08 | 0.38 | 0.05 | (0.43) | 9.42 | 22.00 | 69.46 |
Netcapital 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 Netcapital stock to make a market-neutral strategy. Peer analysis of Netcapital could also be used in its relative valuation, which is a method of valuing Netcapital by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |