NFI Correlations
| NFYEF Stock | USD 9.28 0.04 0.43% |
The current 90-days correlation between NFI Group and Aston Martin Lagonda is 0.04 (i.e., Significant diversification). The correlation of NFI 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.
NFI Correlation With Market
Modest diversification
The correlation between NFI Group and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding NFI Group and DJI in the same portfolio, assuming nothing else is changed.
NFI |
The ability to find closely correlated positions to NFI could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NFI 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 NFI - 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 NFI Group to buy it.
Moving against NFI Pink Sheet
| 0.9 | FWONK | Liberty Media | PairCorr |
| 0.9 | PLTR | Palantir Technologies Aggressive Push | PairCorr |
| 0.87 | RNMBF | Rheinmetall AG | PairCorr |
| 0.86 | ZVIA | Zevia Pbc | PairCorr |
| 0.86 | KODK | Eastman Kodak | PairCorr |
| 0.85 | AROC | Archrock | PairCorr |
| 0.83 | QNCX | Quince Therapeutics, | PairCorr |
| 0.82 | MSB | Mesabi Trust | PairCorr |
| 0.82 | AXP | American Express Earnings Call This Week | PairCorr |
| 0.8 | OPFI | OppFi Inc | PairCorr |
| 0.79 | SOUN | SoundHound AI | PairCorr |
| 0.79 | HBI | Hanesbrands Sell-off Trend | PairCorr |
| 0.77 | GOOGL | Alphabet Class A | PairCorr |
| 0.75 | QBTS | D Wave Quantum | PairCorr |
| 0.75 | JBL | Jabil Circuit | PairCorr |
| 0.69 | GS | Goldman Sachs Group Fiscal Year End 21st of January 2025 | PairCorr |
| 0.68 | RUM | Rumble Inc Buyout Trend | PairCorr |
| 0.63 | MCK | McKesson | PairCorr |
| 0.6 | AVGO | Broadcom Aggressive Push | PairCorr |
| 0.6 | TNXP | Tonix Pharmaceuticals | PairCorr |
| 0.41 | GTOR | Ggtoor Inc | PairCorr |
| 0.41 | AIT | Applied Industrial Earnings Call This Week | PairCorr |
| 0.94 | TSLA | Tesla Inc Aggressive Push | PairCorr |
| 0.93 | UAL | United Airlines Holdings Earnings Call This Week | PairCorr |
| 0.92 | CLS | Celestica | PairCorr |
| 0.92 | TATT | Tat Techno | PairCorr |
| 0.91 | WMT | Walmart | PairCorr |
| 0.9 | AAL | American Airlines Earnings Call This Week | PairCorr |
| 0.9 | FSK | FS KKR Capital | PairCorr |
| 0.88 | ACHR | Archer Aviation | PairCorr |
| 0.84 | WSM | Williams Sonoma | PairCorr |
| 0.82 | CSCO | Cisco Systems Aggressive Push | PairCorr |
| 0.69 | MITQ | Moving iMage Technologies | PairCorr |
| 0.62 | EVTL | Vertical Aerospace | PairCorr |
| 0.62 | GILD | Gilead Sciences | PairCorr |
Related Correlations Analysis
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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 NFI Pink Sheet performing well and NFI 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 NFI'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SMEBF | 0.54 | (0.26) | 0.00 | (1.11) | 0.00 | 0.00 | 18.03 | |||
| ZAPPW | 4.68 | 0.26 | 0.03 | (2.24) | 5.37 | 11.39 | 41.99 | |||
| GNZUF | 3.80 | 0.21 | 0.03 | 0.15 | 4.31 | 10.53 | 45.71 | |||
| EXXRF | 1.00 | (0.19) | 0.00 | (0.92) | 0.00 | 1.90 | 9.79 | |||
| ARGGY | 2.16 | (0.12) | 0.00 | (0.57) | 0.00 | 4.83 | 11.95 | |||
| GELYY | 2.34 | 0.16 | 0.05 | 0.45 | 2.61 | 6.42 | 13.32 | |||
| DWLAF | 1.11 | 0.34 | 0.00 | (1.34) | 0.00 | 5.80 | 13.43 | |||
| AMGDF | 3.80 | 0.18 | 0.02 | 1.36 | 5.02 | 7.63 | 30.73 | |||
| PSNYW | 5.45 | 0.44 | 0.05 | 0.21 | 6.27 | 7.14 | 110.57 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in NFI without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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