Northern Graphite Correlations
| NGC Stock | CAD 0.16 0.01 5.88% |
The current 90-days correlation between Northern Graphite and Mason Graphite is -0.04 (i.e., Good diversification). The correlation of Northern Graphite 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.
Northern Graphite Correlation With Market
Average diversification
The correlation between Northern Graphite and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Northern Graphite and DJI in the same portfolio, assuming nothing else is changed.
Northern |
The ability to find closely correlated positions to Northern Graphite could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Northern Graphite 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 Northern Graphite - 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 Northern Graphite to buy it.
Moving together with Northern Stock
| 0.67 | OM | Osisko Metals | PairCorr |
| 0.63 | DBO | D Box Technologies | PairCorr |
| 0.64 | FFH | Fairfax Financial | PairCorr |
| 0.74 | NPTH | NeuPath Health | PairCorr |
| 0.68 | ET | Evertz Technologies | PairCorr |
| 0.65 | ORA | Aura Minerals | PairCorr |
| 0.72 | RY | Royal Bank | PairCorr |
| 0.63 | Y | Yellow Pages Limited | PairCorr |
| 0.67 | CRM | SalesforceCom CDR | PairCorr |
| 0.61 | RX | Biosyent | PairCorr |
Moving against Northern Stock
| 0.56 | FDY | Faraday Copper Corp | PairCorr |
| 0.49 | ORE | Orezone Gold Corp | PairCorr |
| 0.44 | INFM | Infinico Metals Corp | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Northern Stock performing well and Northern Graphite 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 Northern Graphite'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FMS | 3.14 | (0.31) | 0.00 | 0.60 | 0.00 | 12.50 | 23.61 | |||
| LLG | 5.97 | 0.74 | 0.06 | (0.45) | 6.20 | 11.76 | 69.84 | |||
| LMR | 3.04 | (0.37) | 0.00 | (7.99) | 0.00 | 7.69 | 19.17 | |||
| GPH | 2.22 | (0.24) | 0.00 | (0.36) | 0.00 | 5.41 | 15.22 | |||
| LEM | 2.98 | (0.15) | 0.00 | 0.17 | 0.00 | 10.00 | 25.79 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Northern Graphite 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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Northern Graphite Corporate Management
Elected by the shareholders, the Northern Graphite's board of directors comprises two types of representatives: Northern Graphite inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Northern. The board's role is to monitor Northern Graphite's management team and ensure that shareholders' interests are well served. Northern Graphite'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, Northern Graphite's outside directors are responsible for providing unbiased perspectives on the board's policies.
| CPA CMA | Director Admin | Profile | |
| BSc BSc | Ex Chairman | Profile | |
| Hugues Jacquemin | CEO Director | Profile | |
| Kirsty BSc | Chief Officer | Profile | |
| Sam Januarie | Vice Resources | Profile | |
| Guillaume MBA | Chief Officer | Profile |