NeoMedia Technologies Correlations
| NEOMDelisted Stock | USD 0.0001 0.00 0.00% |
The current 90-days correlation between NeoMedia Technologies and AB International Group is -0.06 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as NeoMedia Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if NeoMedia Technologies moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
NeoMedia Technologies Correlation With Market
Very good diversification
The correlation between NeoMedia Technologies and DJI is -0.21 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding NeoMedia Technologies and DJI in the same portfolio, assuming nothing else is changed.
NeoMedia |
The ability to find closely correlated positions to NeoMedia Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NeoMedia Technologies 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 NeoMedia Technologies - 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 NeoMedia Technologies to buy it.
Moving together with NeoMedia Pink Sheet
Moving against NeoMedia Pink Sheet
| 0.46 | III | Information Services | PairCorr |
| 0.35 | EPAM | EPAM Systems | PairCorr |
| 0.33 | DXC | DXC Technology | PairCorr |
| 0.32 | KD | Kyndryl Holdings Tech Boost | PairCorr |
| 0.42 | WYY | Widepoint C | PairCorr |
| 0.42 | INFY | Infosys Ltd ADR | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between NeoMedia Pink Sheet performing well and NeoMedia Technologies 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 NeoMedia Technologies' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ABQQ | 13.96 | 2.55 | 0.10 | (0.77) | 12.94 | 40.00 | 112.50 | |||
| TGHI | 26.35 | 5.79 | 0.11 | 2.08 | 21.51 | 100.00 | 150.00 | |||
| PTOP | 19.07 | 4.14 | 0.12 | 0.73 | 15.92 | 50.00 | 233.33 | |||
| APYP | 5.65 | 0.27 | 0.03 | 0.52 | 6.26 | 13.22 | 49.22 | |||
| BAINF | 1.19 | 0.01 | 0.00 | 0.10 | 0.00 | 2.99 | 26.74 | |||
| DVNCF | 20.80 | 7.48 | 0.00 | (1.21) | 0.00 | 0.00 | 480.00 | |||
| BBRDF | 1.79 | 0.95 | 0.00 | (2.19) | 0.00 | 0.00 | 60.00 | |||
| CMDXF | 1.53 | (0.43) | 0.00 | (0.37) | 0.00 | 3.42 | 15.38 | |||
| BLKLF | 1.34 | 0.38 | 0.11 | 1.68 | 1.17 | 4.23 | 15.24 | |||
| IMTL | 11.66 | 3.75 | 0.00 | 14.91 | 0.00 | 100.00 | 150.00 |
View NeoMedia Technologies Related Equities
| Risk & Return | Correlation |
Still Interested in NeoMedia Technologies?
Investing in delisted pink sheets can be risky, as the pink sheet is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.