Neptune Digital Correlations

NPPTF Stock

USD 1.19 0.08 7.21%

The current 90-days correlation between Neptune Digital Assets and Cathedra Bitcoin is 0.12 (i.e., Average diversification). The correlation of Neptune Digital 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.

Neptune Digital Correlation With Market

Significant diversification

The correlation between Neptune Digital Assets 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 Neptune Digital Assets and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Neptune Digital could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Neptune Digital 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 Neptune Digital - 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 Neptune Digital Assets to buy it.

Moving against Neptune Pink Sheet

0.7	CGXYY	China Galaxy Securities	Pair Corr
0.7	PTHL	Pheton Holdings	Pair Corr
0.67	EC	Ecopetrol SA ADR	Pair Corr
0.62	WF	Woori Financial Group Earnings Call Tomorrow	Pair Corr
0.59	MS-PK	Morgan Stanley	Pair Corr
0.59	KB	KB Financial Group	Pair Corr
0.59	LTRY	Lottery, Common Stock	Pair Corr
0.58	SHG	Shinhan Financial Earnings Call This Week	Pair Corr
0.56	TLK	Telkom Indonesia Tbk Earnings Call This Week	Pair Corr
0.55	UTMD	Utah Medical Products Earnings Call Tomorrow	Pair Corr
0.51	GS	Goldman Sachs Group	Pair Corr
0.49	HYMTF	Hyundai Motor Earnings Call Tomorrow	Pair Corr
0.45	MS	Morgan Stanley	Pair Corr
0.4	FPAFF	First Pacific	Pair Corr
0.38	AX	Axos Financial Earnings Call This Week	Pair Corr
0.34	IBKR	Interactive Brokers Normal Trading	Pair Corr
0.34	GITS	Global Interactive Symbol Change	Pair Corr
0.33	SCHW	Charles Schwab Corp Normal Trading	Pair Corr

Related Correlations Analysis

	BTCWF	CBTTF	DMGGF	BBKCF	BFCH	LGLOF	NDA
BTCWF		-0.42	-0.09	-0.01	0.31	0.0	0.64	BTCWF
CBTTF	-0.42		0.4	0.58	-0.51	0.0	-0.58	CBTTF
DMGGF	-0.09	0.4		0.55	-0.22	0.0	0.01	DMGGF
BBKCF	-0.01	0.58	0.55		-0.41	0.0	-0.09	BBKCF
BFCH	0.31	-0.51	-0.22	-0.41		0.0	0.3	BFCH
LGLOF	0.0	0.0	0.0	0.0	0.0		0.0	LGLOF
NDA	0.64	-0.58	0.01	-0.09	0.3	0.0		NDA
	BTCWF	CBTTF	DMGGF	BBKCF	BFCH	LGLOF	NDA

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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

NDA	+ 0.64	BTCWF
BBKCF	+ 0.58	CBTTF
BBKCF	+ 0.55	DMGGF
DMGGF	+ 0.4	CBTTF
BFCH	+ 0.31	BTCWF
NDA	+ 0.3	BFCH

High negative correlations

NDA	- 0.58	CBTTF
BFCH	- 0.51	CBTTF
CBTTF	- 0.42	BTCWF
BFCH	- 0.41	BBKCF
BFCH	- 0.22	DMGGF
NDA	- 0.09	BBKCF

Risk-Adjusted Indicators

There is a big difference between Neptune Pink Sheet performing well and Neptune Digital 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 Neptune Digital'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
BTCWF	4.47	0.17	0.00	(0.20)	5.47	(6.24)	10.00	(9.09)	25.88
CBTTF	8.61	1.20	0.17	0.47	8.33	(9.81)	18.60	(13.68)	56.07
DMGGF	3.40	0.78	0.11	2.06	3.02	(7.08)	9.09	(5.88)	26.19
BBKCF	4.11	0.41	0.08	0.44	4.46	(5.51)	10.98	(9.09)	27.03
BFCH	11.00	0.70	0.01	(0.16)	12.82	(28.33)	33.33	(25.00)	82.86
LGLOF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NDA	4.67	0.33	0.03	(0.75)	5.17	(5.55)	10.22	(8.72)	27.56

Be your own money manager

Our tools can tell you how much better you can do entering a position in Neptune Digital 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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