NN Group Correlations

NNGRY Stock  USD 27.47  0.16  0.58%   
The current 90-days correlation between NN Group NV and Sampo Oyj is -0.04 (i.e., Good diversification). The correlation of NN Group 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.

NN Group Correlation With Market

Average diversification

The correlation between NN Group NV and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding NN Group NV and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to NN Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NN Group 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 NN Group - 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 NN Group NV to buy it.

Moving together with NNGRY Pink Sheet

  0.96BRK-A Berkshire HathawayPairCorr
  0.96BRK-B Berkshire HathawayPairCorr
  0.96ALIZF Allianz SEPairCorr
  0.96ZURVY Zurich InsurancePairCorr
  0.93ZFSVF Zurich InsurancePairCorr
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  0.96AIG American InternationalPairCorr
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  0.91BCH Banco De Chile Normal TradingPairCorr
  0.66MCW Mister Car Wash,PairCorr
  0.94BABA Alibaba Group Holding Aggressive PushPairCorr
  0.92FOTB First Ottawa BancsharesPairCorr
  0.81VNET VNET Group DRC Earnings Call This WeekPairCorr
  0.62LOIMF Loomis ABPairCorr
  0.61BRFH Barfresh Food GroupPairCorr
  0.75OVATF Ovation SciencePairCorr
  0.79MONDY Mondi PLC ADRPairCorr
  0.81FREKF freee KKPairCorr
  0.63SWZCF Swisscom AGPairCorr

Moving against NNGRY Pink Sheet

  0.72KB KB Financial GroupPairCorr
  0.69SHG Shinhan FinancialPairCorr
  0.37VRME VerifyMePairCorr
  0.61KULR KULR Technology Group Aggressive PushPairCorr
  0.53NOKPF Nok Airlines PublicPairCorr
  0.38NWIFF Nuinsco ResourcesPairCorr

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   
ZURVYSAXPY
SAXPYAGESY
ARZGYAGESY
AXAHFAGESY
AXAHFARZGY
ZURVYAGESY
  
High negative correlations   
ARZGFSAXPF
ARZGYSAXPF
AXAHFSAXPF
ATH-PCSAXPF
AGESYSAXPF
ZURVYSAXPF

Risk-Adjusted Indicators

There is a big difference between NNGRY Pink Sheet performing well and NN Group 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 NN Group'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
SAXPF  46.48  18.61  0.35  3.65  22.74 
 399.75 
 479.83 
AGESY  0.97  0.27  0.29 (3.46) 1.04 
 2.09 
 5.59 
ATH-PC  0.12  0.02  0.65  0.53  0.00 
 0.32 
 0.77 
ARZGY  0.94  0.27  0.34 (7.96) 0.78 
 2.28 
 4.83 
ARZGF  0.57  0.26  0.00 (5.04) 0.00 
 0.94 
 11.98 
AXAHF  1.16  0.25  0.18  2.30  1.21 
 2.77 
 8.47 
SAXPY  0.95  0.24  0.22  0.56  1.06 
 1.97 
 5.21 
ZURVY  0.78  0.19  0.24  0.48  0.88 
 1.65 
 4.73 
ATH-PB  0.97 (0.04) 0.00 (0.16) 0.00 
 2.87 
 6.56 

Be your own money manager

Our tools can tell you how much better you can do entering a position in NN Group 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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NN Group Corporate Management

Janet StuijtMember of the Management BoardProfile
Maurice KoopmanChief NonLifeProfile
Jelmer LantingaHead RelationsProfile
Bernhard KaufmannChief BoardProfile
Leon RietCEO BoardProfile
Annemiek MelickViceChairman CFOProfile