Nagacorp Correlations

NGCRF Stock

USD 0.37 0.03 8.82%

The correlation of Nagacorp 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.

Nagacorp Correlation With Market

Good diversification

The correlation between Nagacorp and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nagacorp and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Nagacorp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Nagacorp 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 Nagacorp - 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 Nagacorp to buy it.

Moving together with Nagacorp Pink Sheet

0.63

GIGNY

Genting Singapore PLC

Pair Corr

Moving against Nagacorp Pink Sheet

0.51	MBFJF	Mitsubishi UFJ Financial	Pair Corr
0.63	94986RW98	US94986RW989	Pair Corr
0.63	TWKS	Thoughtworks Holding	Pair Corr
0.59	BNRE	BNRE Old Symbol Change	Pair Corr
0.55	TWLO	Twilio Inc	Pair Corr
0.51	NGL	NGL Energy Partners	Pair Corr
0.48	ELTK	Eltek	Pair Corr
0.48	GFAI	Guardforce AI Buyout Trend	Pair Corr
0.46	WMT	Walmart	Pair Corr
0.38	MDGL	Madrigal Pharmaceuticals	Pair Corr
0.34	AVGO	Broadcom Aggressive Push	Pair Corr
0.31	MAR	Marriott International	Pair Corr
0.65	USAP	Universal Stainless Alloy	Pair Corr
0.59	GLAD	Gladstone Capital	Pair Corr
0.57	AGNCM	AGNC Investment Corp Earnings Call Tomorrow	Pair Corr
0.57	ISRG	Intuitive Surgical Earnings Call This Week	Pair Corr

Related Correlations Analysis

	BYNEF	WYNMF	MCHVF	TBTC	SKYZF	MCHVY	FLL	MCRI	RRR	GDEN
BYNEF		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	BYNEF
WYNMF	0.0		0.79	0.36	0.4	0.44	0.61	-0.36	0.69	-0.42	WYNMF
MCHVF	0.0	0.79		0.25	0.33	0.67	0.67	-0.49	0.73	-0.61	MCHVF
TBTC	0.0	0.36	0.25		0.37	-0.02	0.38	0.33	0.55	0.2	TBTC
SKYZF	0.0	0.4	0.33	0.37		0.02	-0.05	0.09	0.64	0.03	SKYZF
MCHVY	0.0	0.44	0.67	-0.02	0.02		0.39	-0.3	0.38	-0.49	MCHVY
FLL	0.0	0.61	0.67	0.38	-0.05	0.39		-0.13	0.64	-0.3	FLL
MCRI	0.0	-0.36	-0.49	0.33	0.09	-0.3	-0.13		0.05	0.81	MCRI
RRR	0.0	0.69	0.73	0.55	0.64	0.38	0.64	0.05		-0.14	RRR
GDEN	0.0	-0.42	-0.61	0.2	0.03	-0.49	-0.3	0.81	-0.14		GDEN
	BYNEF	WYNMF	MCHVF	TBTC	SKYZF	MCHVY	FLL	MCRI	RRR	GDEN

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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

GDEN	+ 0.81	MCRI
MCHVF	+ 0.79	WYNMF
RRR	+ 0.73	MCHVF
RRR	+ 0.69	WYNMF
MCHVY	+ 0.67	MCHVF
FLL	+ 0.67	MCHVF

High negative correlations

GDEN	- 0.61	MCHVF
GDEN	- 0.49	MCHVY
MCRI	- 0.49	MCHVF
GDEN	- 0.42	WYNMF
MCRI	- 0.36	WYNMF
GDEN	- 0.3	FLL

Risk-Adjusted Indicators

There is a big difference between Nagacorp Pink Sheet performing well and Nagacorp 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 Nagacorp'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
BYNEF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
WYNMF	1.82	(0.29)	0.00	(3.39)	0.00	0.00	4.48	(6.41)	13.65
MCHVF	1.04	(0.55)	0.00	47.28	0.00	0.00	0.00	0.00	23.36
TBTC	2.67	0.01	0.00	0.02	3.54	(2.79)	5.01	(5.65)	22.33
SKYZF	0.52	(0.28)	0.00	(1.85)	0.00	0.00	0.00	0.00	17.39
MCHVY	1.04	(0.04)	0.00	0.18	0.00	0.00	3.14	(2.82)	11.55
FLL	1.89	0.02	0.00	0.13	2.49	(2.11)	4.18	(3.73)	20.31
MCRI	1.01	0.17	0.10	0.45	1.33	(1.05)	1.79	(1.98)	11.30
RRR	1.50	(0.18)	0.00	(0.32)	0.00	0.00	3.00	(3.29)	13.24
GDEN	1.29	0.12	0.06	0.44	1.61	(1.39)	3.76	(2.51)	12.88

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Our tools can tell you how much better you can do entering a position in Nagacorp 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.

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Nagacorp Corporate Management

King Cheung	Chief Officer	Profile
Trung Lien	Chief China	Profile
Wai Ngai	Chief Officer	Profile
Mike Ngai	Chief Asia	Profile
Wai CPA	Ex Chairman	Profile

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