Nutriband Warrant Correlations

NTRBW Stock

USD 1.56 0.09 6.12%

The current 90-days correlation between Nutriband Warrant and Nutriband is 0.04 (i.e., Significant diversification). The correlation of Nutriband Warrant 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.

Nutriband Warrant Correlation With Market

Very good diversification

The correlation between Nutriband Warrant and DJI is -0.29 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nutriband Warrant and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nutriband Warrant. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

For more information on how to buy Nutriband Stock please use our How to Invest in Nutriband Warrant guide.

Moving against Nutriband Stock

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Related Correlations Analysis

	NTRB	HCWB	NRXPW	BFRIW	ZIVO
NTRB		0.11	-0.35	-0.67	0.8	NTRB
HCWB	0.11		-0.24	-0.09	0.09	HCWB
NRXPW	-0.35	-0.24		0.18	-0.15	NRXPW
BFRIW	-0.67	-0.09	0.18		-0.7	BFRIW
ZIVO	0.8	0.09	-0.15	-0.7		ZIVO
	NTRB	HCWB	NRXPW	BFRIW	ZIVO

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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

ZIVO	+ 0.8	NTRB
BFRIW	+ 0.18	NRXPW
HCWB	+ 0.11	NTRB
ZIVO	+ 0.09	HCWB

High negative correlations

ZIVO	- 0.7	BFRIW
BFRIW	- 0.67	NTRB
NRXPW	- 0.35	NTRB
NRXPW	- 0.24	HCWB
ZIVO	- 0.15	NRXPW
BFRIW	- 0.09	HCWB

Risk-Adjusted Indicators

There is a big difference between Nutriband Stock performing well and Nutriband Warrant 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 Nutriband Warrant'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
NTRB	4.34	(0.27)	0.00	(0.15)	0.00	0.00	10.24	(8.78)	29.61
HCWB	12.10	2.26	0.23	(0.79)	7.78	(27.14)	10.00	(13.64)	352.85
NRXPW	9.79	0.27	0.02	0.10	13.83	(10.43)	24.50	(28.29)	62.80
BFRIW	27.43	8.05	0.31	0.25	19.20	(46.97)	77.27	(36.54)	452.55
ZIVO	3.01	(0.66)	0.00	(1.63)	0.00	0.00	5.31	(6.67)	36.36

Nutriband Warrant Corporate Executives

Elected by the shareholders, the Nutriband Warrant's board of directors comprises two types of representatives: Nutriband Warrant inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Nutriband. The board's role is to monitor Nutriband Warrant's management team and ensure that shareholders' interests are well served. Nutriband Warrant'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, Nutriband Warrant's outside directors are responsible for providing unbiased perspectives on the board's policies.

	Gerald Goodman	CFO Officer	Profile
	Alan Smith	COO Therapeutics	Profile

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