NCR Corp Correlations

NCRRP Stock

USD 1,100 0.00 0.00%

The current 90-days correlation between NCR Corp Pref and Gartner is 0.03 (i.e., Significant diversification). The correlation of NCR Corp 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.

NCR Corp Correlation With Market

Significant diversification

The correlation between NCR Corp Pref 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 NCR Corp Pref and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to NCR Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NCR Corp 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 NCR Corp - 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 NCR Corp Pref to buy it.

Moving together with NCR Pink Sheet

0.83	IBM	International Business Earnings Call This Week	Pair Corr
0.69	INFY	Infosys Ltd ADR	Pair Corr
0.78	GOOGL	Alphabet Class A Earnings Call This Week	Pair Corr
0.67	TR	Tootsie Roll Industries Earnings Call This Week	Pair Corr
0.75	LRMR	Larimar Therapeutics	Pair Corr
0.66	SNAL	Snail, Class A	Pair Corr
0.65	HNFSB	Hanover Foods	Pair Corr
0.86	PTHL	Pheton Holdings	Pair Corr
0.77	JPM	JPMorgan Chase	Pair Corr
0.7	SRM	SRM Entertainment, Common Trending	Pair Corr
0.81	GSBD	Goldman Sachs BDC	Pair Corr
0.81	UTMD	Utah Medical Products Earnings Call This Week	Pair Corr
0.84	CGXYY	China Galaxy Securities	Pair Corr
0.62	FPAFF	First Pacific	Pair Corr

Moving against NCR Pink Sheet

0.55	MSB	Mesabi Trust	Pair Corr
0.8	372546AW1	GEORGE WASH UNIV	Pair Corr
0.47	NIO	Nio Class A Aggressive Push	Pair Corr

Related Correlations Analysis

	IT	CTSH	LDOS	CACI	BR	NOTE	INOD	IBM	AUR
IT		0.46	-0.22	-0.11	0.17	0.08	-0.58	-0.42	0.5	IT
CTSH	0.46		0.44	0.41	0.57	0.14	0.31	0.54	-0.12	CTSH
LDOS	-0.22	0.44		0.93	0.17	0.45	0.53	0.64	-0.19	LDOS
CACI	-0.11	0.41	0.93		0.05	0.42	0.42	0.49	-0.01	CACI
BR	0.17	0.57	0.17	0.05		-0.01	0.42	0.5	-0.4	BR
NOTE	0.08	0.14	0.45	0.42	-0.01		0.02	-0.1	0.23	NOTE
INOD	-0.58	0.31	0.53	0.42	0.42	0.02		0.83	-0.6	INOD
IBM	-0.42	0.54	0.64	0.49	0.5	-0.1	0.83		-0.71	IBM
AUR	0.5	-0.12	-0.19	-0.01	-0.4	0.23	-0.6	-0.71		AUR
	IT	CTSH	LDOS	CACI	BR	NOTE	INOD	IBM	AUR

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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

CACI	+ 0.93	LDOS
IBM	+ 0.83	INOD
IBM	+ 0.64	LDOS
BR	+ 0.57	CTSH
IBM	+ 0.54	CTSH
INOD	+ 0.53	LDOS

High negative correlations

AUR	- 0.71	IBM
AUR	- 0.6	INOD
INOD	- 0.58	IT
IBM	- 0.42	IT
AUR	- 0.4	BR
LDOS	- 0.22	IT

Risk-Adjusted Indicators

There is a big difference between NCR Pink Sheet performing well and NCR Corp 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 NCR Corp'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
IT	1.01	(0.33)	0.00	(0.22)	0.00	0.00	1.88	(2.29)	6.93
CTSH	1.03	(0.03)	(0.02)	0.10	1.37	(1.03)	2.45	(1.88)	7.97
LDOS	1.01	0.13	0.05	0.36	1.23	(1.09)	2.18	(2.09)	9.23
CACI	1.33	0.15	0.04	0.50	1.63	(1.43)	2.88	(2.89)	12.26
BR	0.82	(0.07)	(0.07)	0.03	1.48	(0.78)	1.63	(1.51)	8.97
NOTE	4.21	0.18	0.04	0.27	4.71	(5.33)	12.00	(9.43)	22.60
INOD	4.21	0.28	0.09	0.22	5.31	(4.42)	11.83	(7.61)	27.62
IBM	1.10	0.21	0.09	0.50	1.28	(1.15)	1.98	(1.34)	8.56
AUR	3.44	(0.22)	0.00	0.05	3.86	(3.70)	7.71	(6.28)	26.01

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Our tools can tell you how much better you can do entering a position in NCR Corp without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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