NextTrip Correlations

Stocks . USA . 
Stock . NextTrip
NTRP Stock  USD 4.39  0.13  3.05%   
The current 90-days correlation between NextTrip and Acumen Pharmaceuticals is 0.16 (i.e., Average diversification). The correlation of NextTrip 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.

NextTrip Correlation With Market

Average diversification

The correlation between NextTrip 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 NextTrip 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 NextTrip. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.
To learn how to invest in NextTrip Stock, please use our How to Invest in NextTrip guide.

Moving together with NextTrip Stock

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  0.63BAH Booz Allen HamiltonPairCorr
  0.64RIOT Riot BlockchainPairCorr

Moving against NextTrip Stock

  0.35CXDO CrexendoPairCorr
  0.46MQ Marqeta Buyout TrendPairCorr
  0.41JG Aurora Mobile Tech BoostPairCorr
  0.38FI Fiserv,PairCorr
  0.37U Unity SoftwarePairCorr

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   
TITN
+ 0.8
ARHS
TFX
+ 0.73
ABOS
CAH
+ 0.65
SE
TITN
+ 0.61
CAH
TITN
+ 0.57
SE
TITN
+ 0.57
ARDX
  
High negative correlations   
CAH
- 0.74
ABOS
SE
- 0.74
ABOS
SE
- 0.62
TFX
TITN
- 0.4
ABOS
ARDX
- 0.38
ABOS
CAH
- 0.37
TFX

Risk-Adjusted Indicators

There is a big difference between NextTrip Stock performing well and NextTrip 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 NextTrip'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.

NextTrip Corporate Executives

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