Netcapital Correlations

NCPLW Stock

USD 0.03 0.0007 2.78%

The current 90-days correlation between Netcapital and Netcapital is 0.1 (i.e., Average diversification). The correlation of Netcapital 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.

Netcapital Correlation With Market

Significant diversification

The correlation between Netcapital and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Netcapital and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Netcapital Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Netcapital. 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 economic analysis.

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

Moving together with Netcapital Stock

0.65

Chubb

Pair Corr

Moving against Netcapital Stock

0.82	AXP	American Express	Pair Corr
0.82	PWP	Perella Weinberg Partners	Pair Corr
0.82	BY	Byline Bancorp	Pair Corr
0.81	BX	Blackstone Group	Pair Corr
0.81	GS	Goldman Sachs Group	Pair Corr
0.8	C	Citigroup Aggressive Push	Pair Corr
0.79	AX	Axos Financial	Pair Corr
0.79	FG	FG Annuities Life	Pair Corr
0.78	AMP	Ameriprise Financial	Pair Corr
0.77	CG	Carlyle Group Sell-off Trend	Pair Corr
0.75	BN	Brookfield Corp	Pair Corr
0.74	ORGN	Origin Materials	Pair Corr
0.73	APAM	Artisan Partners Asset Normal Trading	Pair Corr
0.67	ABR	Arbor Realty Trust	Pair Corr
0.65	LGHLW	Lion Financial Group	Pair Corr
0.64	BK	Bank of New York	Pair Corr
0.53	DHIL	Diamond Hill Investment	Pair Corr
0.51	V	Visa Class A	Pair Corr
0.5	AC	Associated Capital	Pair Corr
0.42	CM	Canadian Imperial Bank	Pair Corr
0.37	IX	Orix Corp Ads	Pair Corr
0.34	KB	KB Financial Group	Pair Corr
0.84	MC	Moelis	Pair Corr
0.84	VBNK	VersaBank	Pair Corr
0.83	MS	Morgan Stanley	Pair Corr
0.83	PB	Prosperity Bancshares	Pair Corr
0.8	SF	Stifel Financial	Pair Corr
0.8	VCTR	Victory Capital Holdings	Pair Corr
0.79	LC	LendingClub Corp	Pair Corr
0.79	RF	Regions Financial Earnings Call This Week	Pair Corr
0.78	PX	P10 Inc	Pair Corr

Related Correlations Analysis

	NCPL	BZFDW	DRCTW	GFAIW	SHFSW
NCPL		0.58	0.0	0.28	0.6	NCPL
BZFDW	0.58		0.0	-0.09	0.81	BZFDW
DRCTW	0.0	0.0		0.0	0.0	DRCTW
GFAIW	0.28	-0.09	0.0		-0.01	GFAIW
SHFSW	0.6	0.81	0.0	-0.01		SHFSW
	NCPL	BZFDW	DRCTW	GFAIW	SHFSW

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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

SHFSW	+ 0.81	BZFDW
SHFSW	+ 0.6	NCPL
BZFDW	+ 0.58	NCPL
GFAIW	+ 0.28	NCPL
DRCTW	+ 0.0	NCPL
DRCTW	+ 0.0	BZFDW

High negative correlations

GFAIW	- 0.09	BZFDW
SHFSW	- 0.01	GFAIW
SHFSW	- 0.0	DRCTW
GFAIW	- 0.0	DRCTW
DRCTW	- 0.0	BZFDW
DRCTW	- 0.0	NCPL

Risk-Adjusted Indicators

There is a big difference between Netcapital Stock performing well and Netcapital 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 Netcapital'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
NCPL	3.02	0.08	0.05	0.40	3.37	(3.40)	6.70	(5.91)	14.29
BZFDW	9.86	0.34	0.02	0.11	11.25	(12.68)	29.48	(22.13)	57.69
DRCTW	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
GFAIW	11.47	1.50	0.10	0.83	11.62	(17.09)	23.53	(19.23)	100.00
SHFSW	7.35	(0.66)	0.00	0.41	0.00	0.00	21.34	(23.48)	54.00

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