Nocera Correlations

NCRA Stock

USD 1.00 0.03 2.91%

The current 90-days correlation between Nocera Inc and Laird Superfood is 0.13 (i.e., Average diversification). The correlation of Nocera 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.

Nocera Correlation With Market

Good diversification

The correlation between Nocera Inc and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nocera Inc and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Nocera Stock

0.65

VINE

Fresh Grapes LLC

Pair Corr

Moving against Nocera Stock

0.53	CMFO	China Marine Food	Pair Corr
0.48	DANOY	Danone PK	Pair Corr
0.44	RELV	Reliv International Trending	Pair Corr
0.36	CL	Colgate Palmolive Sell-off Trend	Pair Corr
0.62	CENTA	Central Garden Pet	Pair Corr
0.6	IMKTA	Ingles Markets	Pair Corr
0.58	EDBL	Edible Garden AG	Pair Corr
0.54	TR	Tootsie Roll Industries	Pair Corr
0.54	FARM	Farmer Bros	Pair Corr
0.47	WEST	Westrock Coffee	Pair Corr
0.42	PG	Procter Gamble Sell-off Trend	Pair Corr
0.33	EAST	Eastside Distilling	Pair Corr

Related Correlations Analysis

	NATR	LSF	NOMD	PRBZF	BTTR	VGGIF	PAVS	SENEB	CENTA	CENT
NATR		0.66	-0.37	-0.87	-0.16	0.16	0.5	0.31	0.49	0.53	NATR
LSF	0.66		-0.81	-0.63	-0.62	-0.18	0.39	0.27	-0.16	-0.1	LSF
NOMD	-0.37	-0.81		0.35	0.63	0.33	-0.14	-0.14	0.47	0.43	NOMD
PRBZF	-0.87	-0.63	0.35		0.01	-0.28	-0.53	-0.35	-0.51	-0.56	PRBZF
BTTR	-0.16	-0.62	0.63	0.01		0.42	0.1	-0.04	0.61	0.58	BTTR
VGGIF	0.16	-0.18	0.33	-0.28	0.42		0.19	-0.19	0.49	0.47	VGGIF
PAVS	0.5	0.39	-0.14	-0.53	0.1	0.19		0.39	0.47	0.49	PAVS
SENEB	0.31	0.27	-0.14	-0.35	-0.04	-0.19	0.39		0.28	0.3	SENEB
CENTA	0.49	-0.16	0.47	-0.51	0.61	0.49	0.47	0.28		1.0	CENTA
CENT	0.53	-0.1	0.43	-0.56	0.58	0.47	0.49	0.3	1.0		CENT
	NATR	LSF	NOMD	PRBZF	BTTR	VGGIF	PAVS	SENEB	CENTA	CENT

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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

CENT	+ 1.0	CENTA
LSF	+ 0.66	NATR
BTTR	+ 0.63	NOMD
CENTA	+ 0.61	BTTR
CENT	+ 0.58	BTTR
CENT	+ 0.53	NATR

High negative correlations

PRBZF	- 0.87	NATR
NOMD	- 0.81	LSF
PRBZF	- 0.63	LSF
BTTR	- 0.62	LSF
CENT	- 0.56	PRBZF
PAVS	- 0.53	PRBZF

Risk-Adjusted Indicators

There is a big difference between Nocera Stock performing well and Nocera 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 Nocera'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
NATR	2.07	0.06	0.09	0.15	1.88	(2.52)	6.11	(2.99)	22.72
LSF	4.45	1.26	0.29	1.03	3.66	(5.38)	15.66	(7.63)	34.96
NOMD	1.13	(0.04)	0.00	(0.15)	0.00	0.00	1.86	(2.59)	5.91
PRBZF	1.02	(0.20)	0.00	(0.72)	0.00	0.00	2.93	(1.83)	22.81
BTTR	5.84	(0.67)	0.00	(0.15)	0.00	0.00	9.94	(12.38)	33.95
VGGIF	23.53	4.73	0.12	7.28	19.73	(64.49)	87.50	(46.67)	192.78
PAVS	5.52	0.72	0.05	(1.36)	8.69	(7.42)	6.17	(10.39)	106.65
SENEB	1.20	0.23	0.04	(7.55)	1.24	(1.94)	3.02	(2.53)	11.90
CENTA	1.26	(0.15)	(0.09)	(0.01)	1.46	(1.38)	2.74	(2.72)	6.82
CENT	1.25	(0.10)	(0.08)	0.02	1.45	(1.40)	2.81	(2.33)	6.39

Nocera Corporate Management

ShunChih Chuang	Chief Officer	Profile
ChingAn Jin	Chief Officer	Profile
YinChieh Cheng	Pres CEO	Profile
FengHua Chen	Chief Officer	Profile
HsienWen Yu	Chief Officer	Profile

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