Nitches Correlations
| NICHDelisted Stock | USD 0.0003 0.00 0.00% |
The correlation of Nitches 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 Nitches moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nitches 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 Nitches and NYA 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 Nitches and NYA in the same portfolio, assuming nothing else is changed.
Nitches |
The ability to find closely correlated positions to Nitches could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Nitches 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 Nitches - 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 Nitches to buy it.
Moving together with Nitches Pink Sheet
| 0.86 | TFRFF | Tefron | PairCorr |
| 0.82 | CRI | Carters | PairCorr |
| 0.89 | LULU | Lululemon Athletica Earnings Call Today | PairCorr |
Moving against Nitches Pink Sheet
| 0.82 | LE | Lands End Earnings Call Today | PairCorr |
| 0.59 | JILL | JJill Inc Earnings Call This Week | PairCorr |
| 0.55 | HIBB | Hibbett Sports | PairCorr |
| 0.55 | ZUMZ | Zumiez Inc Earnings Call Tomorrow | PairCorr |
| 0.43 | ANF | Abercrombie Fitch | PairCorr |
| 0.86 | BOOT | Boot Barn Holdings Buyout Trend | PairCorr |
| 0.73 | SCVL | Shoe Carnival | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 Nitches Pink Sheet performing well and Nitches 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 Nitches' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ATYG | 8.82 | 3.03 | 0.00 | (2.20) | 0.00 | 0.00 | 150.00 | |||
| TAKD | 56.17 | 26.58 | 0.00 | 10.70 | 0.00 | 0.00 | 1,651 | |||
| CNHC | 4.81 | (0.22) | 0.00 | 0.12 | 0.00 | 18.97 | 63.43 | |||
| MNDP | 11.28 | 2.15 | 0.10 | (0.38) | 10.35 | 25.00 | 140.00 | |||
| GLRI | 289.50 | 148.43 | 0.00 | (0.67) | 0.00 | 0.00 | 9,700 | |||
| SVAD | 4.48 | 0.71 | 0.00 | 0.19 | 0.00 | 0.00 | 83.33 | |||
| SMEV | 2.80 | 0.30 | 0.03 | 0.24 | 4.04 | 8.33 | 40.36 | |||
| LICH | 14.49 | 4.20 | 0.11 | (0.97) | 13.16 | 70.00 | 141.26 | |||
| CLHI | 10.54 | 2.09 | 0.07 | (0.30) | 11.43 | 24.61 | 239.64 |
View Nitches Related Equities
| Risk & Return | Correlation |
Still Interested in Nitches?
Investing in delisted pink sheets can be risky, as the pink sheet is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.
Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
Other Consideration for investing in Nitches Pink Sheet
If you are still planning to invest in Nitches check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Nitches' history and understand the potential risks before investing.
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