Intercont Limited Correlations

NCT Stock

4.22 0.50 13.44%

The current 90-days correlation between Intercont Limited and Freedom Bank of is 0.16 (i.e., Average diversification). The correlation of Intercont Limited 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.

Intercont Limited Correlation With Market

Average diversification

The correlation between Intercont Limited Ordinary and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Intercont Limited Ordinary and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Intercont Stock

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

Moving against Intercont Stock

0.69	HAFN	Hafnia Limited	Pair Corr
0.64	NMM	Navios Maritime Partners Earnings Call Today	Pair Corr
0.63	HSHP	Himalaya Shipping Symbol Change	Pair Corr
0.6	DAC	Danaos	Pair Corr
0.59	NAT	Nordic American Tankers	Pair Corr
0.57	KEX	Kirby	Pair Corr
0.56	SFL	SFL Corporation	Pair Corr
0.53	ESEA	Euroseas	Pair Corr
0.52	GSL	Global Ship Lease	Pair Corr
0.52	GASS	StealthGas	Pair Corr
0.51	SB	Safe Bulkers Earnings Call This Week	Pair Corr
0.51	ASC	Ardmore Shpng	Pair Corr
0.48	GNK	Genco Shipping Trading	Pair Corr
0.45	EHLD	Euroholdings Symbol Change	Pair Corr
0.44	ZIM	ZIM Integrated Shipping	Pair Corr
0.41	DSX	Diana Shipping Earnings Call This Week	Pair Corr
0.41	GOGL	Golden Ocean Group	Pair Corr
0.4	SB-PC	Safe Bulkers	Pair Corr
0.4	ECO	Okeanis Eco Tankers	Pair Corr
0.39	SB-PD	Safe Bulkers	Pair Corr
0.37	OP	Oceanpal	Pair Corr
0.36	CMRE-PC	Costamare	Pair Corr
0.64	AL	Air Lease	Pair Corr
0.6	CLCO	Cool Company	Pair Corr
0.58	BV	BrightView Holdings	Pair Corr
0.57	PSHG	Performance Shipping	Pair Corr
0.55	SBLK	Star Bulk Carriers	Pair Corr
0.55	AP	Ampco Pittsburgh Downward Rally	Pair Corr
0.55	BA	Boeing Earnings Call This Week	Pair Corr
0.53	SHIP	Seanergy Maritime	Pair Corr
0.49	BWLP	BW LPG Limited	Pair Corr

Related Correlations Analysis

	ROOOF	CTLHF	UVSP	FDVA	PRK	GBCI	CHBAY
ROOOF		0.0	0.15	0.53	0.35	0.12	0.39	ROOOF
CTLHF	0.0		0.0	0.0	0.0	0.0	0.0	CTLHF
UVSP	0.15	0.0		0.56	0.91	0.81	0.69	UVSP
FDVA	0.53	0.0	0.56		0.8	0.41	0.58	FDVA
PRK	0.35	0.0	0.91	0.8		0.79	0.74	PRK
GBCI	0.12	0.0	0.81	0.41	0.79		0.77	GBCI
CHBAY	0.39	0.0	0.69	0.58	0.74	0.77		CHBAY
	ROOOF	CTLHF	UVSP	FDVA	PRK	GBCI	CHBAY

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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

PRK	+ 0.91	UVSP
GBCI	+ 0.81	UVSP
PRK	+ 0.8	FDVA
GBCI	+ 0.79	PRK
CHBAY	+ 0.77	GBCI
CHBAY	+ 0.74	PRK

High negative correlations

CHBAY	- 0.0	CTLHF
GBCI	- 0.0	CTLHF
PRK	- 0.0	CTLHF
FDVA	- 0.0	CTLHF
UVSP	- 0.0	CTLHF
CTLHF	- 0.0	ROOOF

Risk-Adjusted Indicators

There is a big difference between Intercont Stock performing well and Intercont Limited 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 Intercont Limited'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
ROOOF	2.82	0.25	(0.01)	(0.18)	2.77	(5.61)	8.00	(4.00)	20.51
CTLHF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
UVSP	1.34	0.33	0.08	(1.10)	1.23	(1.54)	3.29	(1.99)	7.53
FDVA	0.50	0.17	0.06	0.91	0.00	(1.59)	1.94	(0.71)	6.30
PRK	1.16	0.26	0.07	3.89	1.24	(1.32)	2.89	(1.84)	8.12
GBCI	1.53	0.01	0.04	0.17	1.75	(1.66)	3.05	(3.06)	10.48
CHBAY	1.12	0.30	0.04	47.67	1.08	(3.66)	6.04	(2.09)	13.40

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