NowVertical Correlations

NOW Stock   0.33  0.04  13.79%   
The current 90-days correlation between NowVertical Group and Plurilock Security is 0.1 (i.e., Average diversification). The correlation of NowVertical 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.

NowVertical Correlation With Market

Average diversification

The correlation between NowVertical Group and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding NowVertical Group and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to NowVertical could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NowVertical 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 NowVertical - 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 NowVertical Group to buy it.

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Related Correlations Analysis

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Our tools can tell you how much better you can do entering a position in NowVertical 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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NowVertical Corporate Management

Elected by the shareholders, the NowVertical's board of directors comprises two types of representatives: NowVertical inside directors who are chosen from within the company, and outside directors, selected externally and held independent of NowVertical. The board's role is to monitor NowVertical's management team and ensure that shareholders' interests are well served. NowVertical'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, NowVertical's outside directors are responsible for providing unbiased perspectives on the board's policies.
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