Northern Graphite Correlations

OTC Stocks USA . 
Stock . Northern Graphite
NGPHF Stock  USD 0.08  0.01  18.84%   
The current 90-days correlation between Northern Graphite and Focus Graphite is -0.21 (i.e., Very 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.

Northern Graphite Correlation With Market

Good diversification

The correlation between Northern Graphite and DJI is -0.05 (i.e., Good 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.
  
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 OTC Stock

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Moving against Northern OTC Stock

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  0.74T ATT Inc Earnings Call TomorrowPairCorr
  0.7KO Coca ColaPairCorr
  0.66MCD McDonaldsPairCorr
  0.64WM Waste ManagementPairCorr
  0.6IBM International BusinessPairCorr
  0.43MMM 3M CompanyPairCorr
  0.37ATCOL Atlas CorpPairCorr
  0.37INTC IntelPairCorr

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   
SYAAF
+ 0.74
GPHOF
LMRMF
+ 0.73
GPHOF
LMRMF
+ 0.63
FCSMF
GPHOF
+ 0.6
FCSMF
LMRMF
+ 0.43
SYAAF
SYAAF
+ 0.34
FCSMF
  
High negative correlations   
GPHOF
- 0.24
MGPHF
LMRMF
- 0.19
MGPHF
SYAAF
- 0.18
MGPHF
MGPHF
- 0.02
FCSMF

Risk-Adjusted Indicators

There is a big difference between Northern OTC Stock performing well and Northern Graphite OTC Stock 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.

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.

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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 CMADirector AdminProfile
BSc BScEx ChairmanProfile
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Sam JanuarieVP HRProfile
Guillaume MBAChief OfficerProfile
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