Nocopi Technologies Correlations
| NNUP Stock | USD 1.73 0.07 3.89% |
The current 90-days correlation between Nocopi Technologies and Canoo Holdings is 0.06 (i.e., Significant diversification). The correlation of Nocopi Technologies 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.
Nocopi Technologies Correlation With Market
Good diversification
The correlation between Nocopi Technologies and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nocopi Technologies and DJI in the same portfolio, assuming nothing else is changed.
Nocopi |
The ability to find closely correlated positions to Nocopi 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 Nocopi 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 Nocopi 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 Nocopi Technologies to buy it.
Moving together with Nocopi OTC Stock
| 0.71 | CHKEL | Chesapeake Energy Symbol Change | PairCorr |
| 0.84 | CHKEZ | Chesapeake Energy Symbol Change | PairCorr |
| 0.69 | GOEVW | Canoo Holdings | PairCorr |
| 0.78 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.72 | PFE | Pfizer Inc Fiscal Year End 4th of February 2025 | PairCorr |
| 0.84 | KO | Coca Cola Aggressive Push | PairCorr |
| 0.66 | JNJ | Johnson Johnson Fiscal Year End 28th of January 2025 | PairCorr |
Moving against Nocopi OTC Stock
| 0.88 | PCTTW | PureCycle Technologies | PairCorr |
| 0.79 | ASTSW | AST SpaceMobile | PairCorr |
| 0.78 | ATCOL | Atlas Corp | PairCorr |
| 0.71 | GCMGW | GCM Grosvenor | PairCorr |
| 0.68 | BMYMP | Bristol Myers Squibb | PairCorr |
| 0.65 | AMZN | Amazon Inc Aggressive Push | PairCorr |
| 0.65 | GOOG | Alphabet Class C Aggressive Push | PairCorr |
| 0.64 | NVDA | NVIDIA | PairCorr |
| 0.42 | AAPL | Apple Inc Aggressive Push | PairCorr |
| 0.39 | META | Meta Platforms Aggressive Push | PairCorr |
| 0.36 | MAPSW | WM Technology | PairCorr |
| 0.77 | T | ATT Inc Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.77 | JPM | JPMorgan Chase Fiscal Year End 10th of January 2025 | PairCorr |
| 0.76 | BAC | Bank of America Fiscal Year End 10th of January 2025 | PairCorr |
| 0.68 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.67 | DIS | Walt Disney | PairCorr |
| 0.65 | PYPL | PayPal Holdings | PairCorr |
| 0.63 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
| 0.39 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.39 | HD | Home Depot | PairCorr |
Related Correlations Analysis
| -0.25 | -0.19 | -0.44 | 0.24 | -0.15 | ADVWW | ||
| -0.25 | 0.81 | 0.13 | -0.72 | 0.66 | ATCOL | ||
| -0.19 | 0.81 | 0.14 | -0.71 | 0.73 | PCTTW | ||
| -0.44 | 0.13 | 0.14 | -0.29 | 0.25 | MAPSW | ||
| 0.24 | -0.72 | -0.71 | -0.29 | -0.8 | GOEVW | ||
| -0.15 | 0.66 | 0.73 | 0.25 | -0.8 | GCMGW | ||
| 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 Nocopi OTC Stock performing well and Nocopi Technologies OTC Stock 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 Nocopi 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ADVWW | 13.47 | 1.43 | 0.09 | 0.76 | 14.79 | 29.75 | 146.36 | |||
| ATCOL | 0.25 | 0.01 | (0.25) | (0.16) | 0.26 | 0.65 | 1.81 | |||
| PCTTW | 6.35 | 2.46 | 0.38 | 5.25 | 4.59 | 16.00 | 76.00 | |||
| MAPSW | 8.75 | 0.29 | 0.02 | 0.36 | 10.97 | 28.53 | 78.90 | |||
| GOEVW | 8.51 | (0.57) | 0.00 | 0.38 | 0.00 | 17.28 | 66.94 | |||
| GCMGW | 6.29 | 0.81 | 0.11 | 0.43 | 7.48 | 14.29 | 44.40 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Nocopi Technologies 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.Did you try this?
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Nocopi Technologies Corporate Management
Elected by the shareholders, the Nocopi Technologies' board of directors comprises two types of representatives: Nocopi Technologies inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Nocopi. The board's role is to monitor Nocopi Technologies' management team and ensure that shareholders' interests are well served. Nocopi Technologies' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Nocopi Technologies' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Jeanne White | Director Communications | Profile | |
| Matthew Winger | Exec Director | Profile | |
| Michael MD | CEO Chairman | Profile | |
| Terry Stovold | Chief Officer | Profile |