NBI Target Correlations
| NTGC Fund | 10.00 0.00 0.00% |
A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as NBI Target moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if NBI Target 2028 moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
NBI |
The ability to find closely correlated positions to NBI Target could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NBI Target 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 NBI Target - 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 NBI Target 2028 to buy it.
Related Correlations Analysis
| 0.59 | 1.0 | 0.96 | 0.99 | 0.99 | 0P0000706A | ||
| 0.59 | 0.58 | 0.55 | 0.54 | 0.53 | 0P0000S9O7 | ||
| 1.0 | 0.58 | 0.97 | 0.98 | 0.99 | 0P00007069 | ||
| 0.96 | 0.55 | 0.97 | 0.94 | 0.96 | 0P0000IUYO | ||
| 0.99 | 0.54 | 0.98 | 0.94 | 0.98 | 0P0001FAU8 | ||
| 0.99 | 0.53 | 0.99 | 0.96 | 0.98 | 0P00012UCU | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between NBI Fund performing well and NBI Target Fund 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 NBI Target'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 0P0000706A | 0.33 | 0.07 | (0.03) | 0.36 | 0.11 | 0.83 | 2.33 | |||
| 0P0000S9O7 | 0.20 | 0.00 | (0.43) | 0.12 | 0.20 | 0.41 | 1.14 | |||
| 0P00007069 | 0.40 | 0.10 | 0.03 | 0.38 | 0.13 | 1.05 | 2.76 | |||
| 0P0000IUYO | 0.59 | 0.16 | 0.06 | 1.78 | 0.38 | 1.51 | 4.96 | |||
| 0P0001FAU8 | 0.26 | 0.04 | (0.14) | 0.27 | 0.13 | 0.72 | 1.81 | |||
| 0P00012UCU | 0.72 | 0.12 | 0.08 | 0.30 | 0.65 | 1.71 | 4.12 |
NBI Target Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with NBI Target fund to make a market-neutral strategy. Peer analysis of NBI Target could also be used in its relative valuation, which is a method of valuing NBI Target by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |