Netcapital Correlations

NCPL Stock

USD 2.36 0.05 2.16%

The current 90-days correlation between Netcapital and Magic Empire Global is 0.1 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Netcapital moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Netcapital moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Netcapital Correlation With Market

Good diversification

The correlation between Netcapital and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Netcapital and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Netcapital Stock

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

For more information on how to buy Netcapital Stock please use our How to buy in Netcapital Stock guide.

Moving together with Netcapital Stock

0.66

VELO

Velo3D, Common stock Trending

Pair Corr

Moving against Netcapital Stock

0.71	BK	Bank of New York Earnings Call This Week	Pair Corr
0.68	FT	Franklin Universal Closed	Pair Corr
0.65	TY	Tri Continental Closed	Pair Corr
0.6	WTL	WT Financial Group	Pair Corr
0.57	CG	Carlyle Group	Pair Corr
0.56	BBUC	Brookfield Business Corp	Pair Corr
0.5	WT	WisdomTree	Pair Corr
0.45	RA	Brookfield Real Assets	Pair Corr
0.34	PX	P10 Inc	Pair Corr
0.32	HHI	Henderson High Income	Pair Corr
0.32	BX	Blackstone Group	Pair Corr
0.56	MEC	Morphic Ethical Equities	Pair Corr
0.51	VINP	Vinci Partners Inves	Pair Corr
0.46	GCMGW	GCM Grosvenor	Pair Corr
0.44	MFG	Magellan Financial	Pair Corr
0.42	VCTR	Victory Capital Holdings	Pair Corr
0.38	MNG	MG Plc	Pair Corr
0.77	APAX	Apax Global Alpha	Pair Corr
0.71	EMCGU	Embrace Change Acqui	Pair Corr
0.61	DFN	Dividend 15 Split	Pair Corr
0.6	TIP	Teaminvest Private	Pair Corr
0.55	DYCQ	DT Cloud Acquisition	Pair Corr
0.43	LBS	Life Banc Split	Pair Corr

Related Correlations Analysis

	MEGL	APLD	TOP	SAIH	SMFL	ZVSA	HTCR	PXMD	ILAG
MEGL		0.29	0.54	0.59	0.18	0.13	0.14	-0.53	0.36	MEGL
APLD	0.29		0.41	0.17	-0.32	-0.44	0.54	-0.2	0.68	APLD
TOP	0.54	0.41		0.37	0.19	-0.02	0.38	-0.26	0.83	TOP
SAIH	0.59	0.17	0.37		0.3	0.24	-0.22	-0.72	0.23	SAIH
SMFL	0.18	-0.32	0.19	0.3		0.07	-0.24	-0.13	-0.06	SMFL
ZVSA	0.13	-0.44	-0.02	0.24	0.07		-0.43	-0.38	-0.2	ZVSA
HTCR	0.14	0.54	0.38	-0.22	-0.24	-0.43		0.2	0.52	HTCR
PXMD	-0.53	-0.2	-0.26	-0.72	-0.13	-0.38	0.2		-0.12	PXMD
ILAG	0.36	0.68	0.83	0.23	-0.06	-0.2	0.52	-0.12		ILAG
	MEGL	APLD	TOP	SAIH	SMFL	ZVSA	HTCR	PXMD	ILAG

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

ILAG	+ 0.83	TOP
ILAG	+ 0.68	APLD
SAIH	+ 0.59	MEGL
TOP	+ 0.54	MEGL
HTCR	+ 0.54	APLD
ILAG	+ 0.52	HTCR

High negative correlations

PXMD	- 0.72	SAIH
PXMD	- 0.53	MEGL
ZVSA	- 0.44	APLD
HTCR	- 0.43	ZVSA
PXMD	- 0.38	ZVSA
SMFL	- 0.32	APLD

Risk-Adjusted Indicators

There is a big difference between Netcapital Stock performing well and Netcapital 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 Netcapital'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
MEGL	2.82	0.02	0.00	0.08	4.33	(3.15)	4.55	(6.13)	36.08
APLD	4.65	2.18	0.63	(2.42)	2.46	(5.94)	15.97	(4.95)	37.13
TOP	3.09	0.23	0.04	(0.35)	4.45	(4.01)	4.96	(5.84)	70.82
SAIH	7.84	0.94	0.12	1.46	7.07	(10.87)	23.58	(12.20)	67.72
SMFL	434.94	257.84	3.40	(2.36)	59.42	(603.63)	1,000.00	(90.42)	7,817
ZVSA	8.35	(1.24)	0.00	6.50	0.00	0.00	14.29	(20.00)	80.00
HTCR	6.85	1.51	0.20	(0.83)	6.40	(8.99)	17.74	(9.30)	96.91
PXMD	3.01	0.75	0.00	(10.44)	0.00	0.00	0.00	0.00	150.00
ILAG	5.01	0.64	0.10	(0.98)	5.48	(7.00)	9.80	(9.37)	85.99

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