NowVertical Correlations
| NOWVF Stock | USD 0.26 0.01 4.00% |
The current 90-days correlation between NowVertical Group and Skkynet Cloud Systems is 0.61 (i.e., Poor 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.
NowVertical Correlation With Market
Good diversification
The correlation between NowVertical Group and DJI is -0.08 (i.e., Good 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.
NowVertical |
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.
Moving together with NowVertical Pink Sheet
| 0.84 | PLTR | Palantir Technologies Aggressive Push | PairCorr |
| 0.81 | CRWD | Crowdstrike Holdings | PairCorr |
| 0.75 | VMW | VMware Inc | PairCorr |
| 0.85 | SQ | Block Inc | PairCorr |
| 0.81 | BKV | BKV Corporation | PairCorr |
| 0.7 | NBIX | Neurocrine Biosciences | PairCorr |
| 0.7 | BSIG | Brightsphere Investment | PairCorr |
| 0.65 | M | Macys Inc | PairCorr |
| 0.91 | YPF | YPF Sociedad Anonima | PairCorr |
| 0.84 | SAPMF | Saipem SpA | PairCorr |
| 0.7 | BMY | Bristol Myers Squibb | PairCorr |
| 0.73 | KKR | KKR Co LP | PairCorr |
| 0.75 | MAR | Marriott International | PairCorr |
| 0.92 | OBYCF | Obayashi | PairCorr |
| 0.7 | BAC | Bank of America Fiscal Year End 10th of January 2025 | PairCorr |
| 0.79 | VULNF | Vulcan Energy Resources | PairCorr |
| 0.63 | FBMS | First Bancshares, Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.79 | GIFI | Gulf Island Fabrication | PairCorr |
Moving against NowVertical Pink Sheet
| 0.75 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.74 | PPERF | Bank Mandiri Persero | PairCorr |
| 0.72 | BKRKY | Bank Rakyat | PairCorr |
| 0.65 | BKRKF | PT Bank Rakyat | PairCorr |
| 0.59 | TLK | Telkom Indonesia Tbk | PairCorr |
| 0.51 | PTAIY | Astra International Tbk | PairCorr |
| 0.74 | PBCRY | Bank Central Asia | PairCorr |
| 0.53 | CMGR | Clubhouse Media Group | PairCorr |
| 0.45 | GDSTW | Goldenstone Acquisition | PairCorr |
Related Correlations Analysis
| 0.27 | -0.02 | 0.16 | -0.52 | 0.46 | SKKY | ||
| 0.27 | 0.04 | -0.41 | -0.56 | 0.15 | ZENV | ||
| -0.02 | 0.04 | 0.15 | 0.03 | 0.01 | BCAN | ||
| 0.16 | -0.41 | 0.15 | 0.03 | 0.11 | DTSS | ||
| -0.52 | -0.56 | 0.03 | 0.03 | -0.3 | AUID | ||
| 0.46 | 0.15 | 0.01 | 0.11 | -0.3 | TGCB | ||
| 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 NowVertical Pink Sheet performing well and NowVertical 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 NowVertical'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SKKY | 8.12 | 1.43 | 0.08 | 8.02 | 8.86 | 28.21 | 103.78 | |||
| ZENV | 3.87 | 0.55 | 0.12 | (2.74) | 3.88 | 9.29 | 22.26 | |||
| BCAN | 0.94 | 0.09 | 0.04 | 0.77 | 1.08 | 2.50 | 6.48 | |||
| DTSS | 3.81 | 0.24 | 0.03 | (0.41) | 5.05 | 8.48 | 35.05 | |||
| AUID | 4.65 | (0.04) | 0.00 | (0.06) | 0.00 | 9.98 | 30.54 | |||
| TGCB | 10.01 | 1.43 | 0.06 | (0.65) | 11.02 | 37.50 | 132.92 |
Be your own money manager
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.Did you try this?
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NowVertical Corporate Management
| Daren Trousdell | Chairman CEO | Profile | |
| Altaf Bahora | Ex Officer | Profile | |
| Andre Garber | Exec Affairs | Profile | |
| Farid Kassam | Pres Origin | Profile | |
| David Whitmire | Ex Operations | Profile | |
| Sasha Grujicic | Chief Officer | Profile | |
| Cody Shankman | Ex Officer | Profile |