CTRL Group Correlations

MCTR Stock

2.71 0.14 4.91%

The current 90-days correlation between CTRL Group Limited and NetSol Technologies is -0.04 (i.e., Good diversification). The correlation of CTRL Group 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.

CTRL Group Correlation With Market

Significant diversification

The correlation between CTRL Group Limited and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CTRL Group Limited and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with CTRL Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in CTRL Group Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Moving against CTRL Stock

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Related Correlations Analysis

	DH	SPNS	NTWK	JETMF	PINS	ASUR	ALGT
DH		0.84	0.8	-0.37	0.96	0.54	0.72	DH
SPNS	0.84		0.77	-0.34	0.83	0.63	0.76	SPNS
NTWK	0.8	0.77		-0.18	0.81	0.58	0.47	NTWK
JETMF	-0.37	-0.34	-0.18		-0.25	-0.28	-0.18	JETMF
PINS	0.96	0.83	0.81	-0.25		0.47	0.76	PINS
ASUR	0.54	0.63	0.58	-0.28	0.47		0.45	ASUR
ALGT	0.72	0.76	0.47	-0.18	0.76	0.45		ALGT
	DH	SPNS	NTWK	JETMF	PINS	ASUR	ALGT

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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

PINS	+ 0.96	DH
SPNS	+ 0.84	DH
PINS	+ 0.83	SPNS
PINS	+ 0.81	NTWK
NTWK	+ 0.8	DH
NTWK	+ 0.77	SPNS

High negative correlations

JETMF	- 0.37	DH
JETMF	- 0.34	SPNS
ASUR	- 0.28	JETMF
PINS	- 0.25	JETMF
ALGT	- 0.18	JETMF
JETMF	- 0.18	NTWK

Risk-Adjusted Indicators

There is a big difference between CTRL Stock performing well and CTRL Group 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 CTRL Group'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
DH	2.54	0.57	0.18	0.71	2.12	(3.02)	5.06	(4.48)	37.54
SPNS	1.09	0.11	0.06	0.28	1.03	(1.24)	2.70	(2.12)	6.25
NTWK	2.11	0.84	0.26	2.77	1.98	(2.51)	6.31	(2.85)	21.12
JETMF	2.37	(0.10)	0.00	0.67	0.00	0.00	5.97	(4.92)	16.89
PINS	1.69	0.38	0.27	0.40	1.13	(2.16)	4.88	(2.10)	15.07
ASUR	2.00	0.24	0.02	(0.41)	2.17	(2.32)	4.86	(3.94)	11.91
ALGT	3.03	(0.12)	0.04	0.09	3.30	(3.51)	6.78	(6.95)	17.95

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