NSC Groupe Correlations
| ALNSC Stock | | | EUR 74.50 2.00 2.76% |
The current 90-days correlation between NSC Groupe SA and Ekinops SA is -0.1 (i.e., Good diversification). The correlation of NSC Groupe 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.
NSC Groupe Correlation With Market
Significant diversification
The correlation between NSC Groupe SA and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding NSC Groupe SA and DJI in the same portfolio, assuming nothing else is changed.
The ability to find closely correlated positions to NSC Groupe could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NSC Groupe 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 NSC Groupe - 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 NSC Groupe SA to buy it.
Moving together with NSC Stock
Moving against NSC Stock
Related Correlations Analysis
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 | EKI | | ALMDT | | ALLEX | | ALMDT | | JCQ | | ALMDT |
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Risk-Adjusted IndicatorsThere is a big difference between NSC Stock performing well and NSC Groupe 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 NSC Groupe'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.
Be your own money manager
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NSC Groupe Corporate Executives
Elected by the shareholders, the NSC Groupe's board of directors comprises two types of representatives: NSC Groupe inside directors who are chosen from within the company, and outside directors, selected externally and held independent of NSC. The board's role is to monitor NSC Groupe's management team and ensure that shareholders' interests are well served. NSC Groupe's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, NSC Groupe's outside directors are responsible for providing unbiased perspectives on the board's policies.