Network 1 Correlations

NTIP Stock

USD 1.66 0.05 2.92%

The current 90-days correlation between Network 1 Technologies and Wilhelmina is -0.31 (i.e., Very good diversification). The correlation of Network 1 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.

Network 1 Correlation With Market

Average diversification

The correlation between Network 1 Technologies and NYA is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Network 1 Technologies and NYA in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Network 1 Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving together with Network Stock

0.82	JBL	Jabil Circuit Financial Report 20th of June 2024	Pair Corr
0.7	INVZW	Innoviz Technologies	Pair Corr
0.92	HOLI	Hollysys Automation	Pair Corr
0.83	MINM	Minim Inc Financial Report 11th of November 2024	Pair Corr
0.84	QBTS	DPCM Capital	Pair Corr
0.83	AKTS	Akoustis Technologies Fiscal Year End 4th of September 2024	Pair Corr
0.87	AUDC	AudioCodes	Pair Corr

Moving against Network Stock

0.88	BHE	Benchmark Electronics	Pair Corr
0.87	CTS	CTS Corporation	Pair Corr
0.86	INSG	Inseego Corp	Pair Corr
0.76	MSI	Motorola Solutions	Pair Corr
0.69	WDC	Western Digital Financial Report 29th of July 2024	Pair Corr
0.68	KE	Kimball Electronics Fiscal Year End 21st of August 2024	Pair Corr
0.67	CLS	Celestica	Pair Corr
0.65	FN	Fabrinet Fiscal Year End 19th of August 2024	Pair Corr
0.6	FLEX	Flex	Pair Corr
0.58	HPQ	HP Inc Fiscal Year End 19th of November 2024	Pair Corr
0.51	STX	Seagate Technology PLC Financial Report 24th of July 2024	Pair Corr
0.31	HPE	Hewlett Packard Ente Aggressive Push	Pair Corr
0.86	PLXS	Plexus Corp Financial Report 24th of July 2024	Pair Corr
0.83	RELL	Richardson Electronics Financial Report 17th of July 2024	Pair Corr
0.79	BELFB	Bel Fuse B	Pair Corr
0.78	BELFA	Bel Fuse A	Pair Corr
0.76	NTAP	NetApp Inc	Pair Corr
0.73	PSTG	Pure Storage Tech Boost	Pair Corr
0.65	SANM	Sanmina Fiscal Year End 4th of November 2024	Pair Corr
0.37	KVHI	KVH Industries Earnings Call This Week	Pair Corr
0.35	ANET	Arista Networks	Pair Corr
0.34	OSIS	OSI Systems Financial Report 22nd of August 2024	Pair Corr
0.86	PI	Impinj Inc	Pair Corr
0.79	CRCT	Cricut Inc Tech Boost	Pair Corr

Related Correlations Analysis

	CVEO	BV	MMS	CBZ	PFMT	RTO	WHLM	MADGF	FA	AZZ
CVEO		-0.25	-0.46	0.36	-0.46	0.47	0.06	-0.3	-0.5	0.04	CVEO
BV	-0.25		0.56	0.3	0.44	-0.55	0.61	-0.3	0.54	0.7	BV
MMS	-0.46	0.56		0.44	0.88	-0.03	0.18	0.34	0.57	0.28	MMS
CBZ	0.36	0.3	0.44		0.41	0.21	0.2	0.2	0.14	0.55	CBZ
PFMT	-0.46	0.44	0.88	0.41		-0.01	-0.03	0.38	0.54	0.22	PFMT
RTO	0.47	-0.55	-0.03	0.21	-0.01		-0.28	0.3	-0.38	-0.31	RTO
WHLM	0.06	0.61	0.18	0.2	-0.03	-0.28		-0.27	0.32	0.51	WHLM
MADGF	-0.3	-0.3	0.34	0.2	0.38	0.3	-0.27		0.23	-0.27	MADGF
FA	-0.5	0.54	0.57	0.14	0.54	-0.38	0.32	0.23		0.21	FA
AZZ	0.04	0.7	0.28	0.55	0.22	-0.31	0.51	-0.27	0.21		AZZ
	CVEO	BV	MMS	CBZ	PFMT	RTO	WHLM	MADGF	FA	AZZ

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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

PFMT	+ 0.88	MMS
AZZ	+ 0.7	BV
WHLM	+ 0.61	BV
FA	+ 0.57	MMS
MMS	+ 0.56	BV
AZZ	+ 0.55	CBZ

High negative correlations

RTO	- 0.55	BV
FA	- 0.5	CVEO
PFMT	- 0.46	CVEO
MMS	- 0.46	CVEO
FA	- 0.38	RTO
AZZ	- 0.31	RTO

Risk-Adjusted Indicators

There is a big difference between Network Stock performing well and Network 1 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 Network 1'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
CVEO	1.23	0.03	0.01	0.04	1.94	(1.18)	3.03	(2.53)	12.69
BV	1.81	0.51	0.27	0.27	1.56	(2.12)	4.11	(2.55)	13.82
MMS	0.77	(0.01)	(0.01)	(0.01)	0.95	(0.77)	1.58	(1.56)	4.17
CBZ	1.04	(0.04)	0.00	(0.03)	0.00	0.00	1.86	(3.02)	6.35
PFMT	2.22	0.00	0.00	0.01	3.07	(2.47)	4.53	(4.93)	13.43
RTO	1.72	0.01	0.01	0.01	2.29	(1.86)	2.86	(2.84)	27.41
WHLM	3.20	0.71	0.15	0.73	3.64	(3.98)	8.29	(6.93)	35.35
MADGF	0.23	(0.05)	0.00	(0.36)	0.00	0.00	0.00	0.00	8.53
FA	1.12	0.03	0.02	0.03	1.27	(1.28)	2.62	(2.26)	8.84
AZZ	1.80	0.13	0.05	0.09	2.65	(1.95)	4.21	(2.83)	19.55

Network 1 Corporate Management

Jonathan Greene	Executive VP and Member of the Technical Advisory Board	Profile
CPA CPA	CFO Sec	Profile
Corey JD	Chairman CEO	Profile
Robert CPA	Chief Officer	Profile
Robert Olsen	Ex Officer	Profile

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