Nfc PLC Correlations
| NFC Stock | THB 2.80 0.22 7.28% |
The correlation of Nfc PLC 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Nfc PLC moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nfc PLC moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Significant diversification
The correlation between Nfc PLC and NYA is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nfc PLC and NYA in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Nfc PLC could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Nfc PLC 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 Nfc PLC - 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 Nfc PLC to buy it.
Moving together with Nfc Stock
Related Correlations Analysis
| -0.29 | -0.49 | -0.12 | 0.21 | LST | ||
| -0.29 | -0.08 | 0.42 | 0.39 | NC | ||
| -0.49 | -0.08 | 0.38 | -0.34 | MSC | ||
| -0.12 | 0.42 | 0.38 | 0.03 | NTV | ||
| 0.21 | 0.39 | -0.34 | 0.03 | NWR | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Nfc Stock performing well and Nfc PLC 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 Nfc PLC'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| LST | 0.89 | 0.05 | (0.01) | 0.39 | 1.33 | 2.47 | 11.20 | |||
| NC | 2.07 | (0.42) | 0.00 | (3.25) | 0.00 | 3.52 | 39.29 | |||
| MSC | 1.03 | 0.00 | 0.00 | 0.06 | 0.00 | 2.42 | 6.42 | |||
| NTV | 0.40 | (0.01) | 0.00 | 0.12 | 0.00 | 0.70 | 2.74 | |||
| NWR | 2.16 | 0.08 | 0.00 | (0.20) | 2.31 | 3.23 | 27.91 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Nfc PLC 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.Did you try this?
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Already Invested in Nfc PLC?
The danger of trading Nfc PLC is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Nfc PLC is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Nfc PLC. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Nfc PLC is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nfc PLC. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. Note that the Nfc PLC information on this page should be used as a complementary analysis to other Nfc PLC's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.
Complementary Tools for Nfc Stock analysis
When running Nfc PLC's price analysis, check to measure Nfc PLC's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Nfc PLC is operating at the current time. Most of Nfc PLC's value examination focuses on studying past and present price action to predict the probability of Nfc PLC's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nfc PLC's price. Additionally, you may evaluate how the addition of Nfc PLC to your portfolios can decrease your overall portfolio volatility.
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