NEPI Rockcastle Correlations

NRP Stock

13,976 45.00 0.32%

The current 90-days correlation between NEPI Rockcastle PLC and Sabvest Capital is -0.04 (i.e., Good diversification). The correlation of NEPI Rockcastle 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.

NEPI Rockcastle Correlation With Market

Good diversification

The correlation between NEPI Rockcastle PLC and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding NEPI Rockcastle PLC and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to NEPI Rockcastle could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NEPI Rockcastle 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 NEPI Rockcastle - 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 NEPI Rockcastle PLC to buy it.

Moving together with NEPI Stock

0.68

REN

Renergen

Pair Corr

Moving against NEPI Stock

0.73	CPI	Capitec Bank Holdings	Pair Corr
0.65	DCP	Dis Chem Pharmacies	Pair Corr
0.62	FBR	Famous Brands	Pair Corr
0.56	PIK	Pick N Pay	Pair Corr
0.47	WHL	Woolworths Holdings	Pair Corr
0.4	PAN	Pan African Resources	Pair Corr
0.36	CLS	Clicks	Pair Corr

Related Correlations Analysis

	SOLBE1	0P0000Z6BH	SBP	GRT	0P000161AF	ETFRHO	0P0000IQZV	PREFTX	STXCAP
SOLBE1		-0.39	-0.69	0.45	-0.86	-0.1	-0.22	0.0	0.1	SOLBE1
0P0000Z6BH	-0.39		0.83	-0.56	0.67	0.08	0.25	0.0	0.73	0P0000Z6BH
SBP	-0.69	0.83		-0.67	0.87	0.09	0.37	0.0	0.42	SBP
GRT	0.45	-0.56	-0.67		-0.7	0.01	-0.62	0.0	-0.25	GRT
0P000161AF	-0.86	0.67	0.87	-0.7		0.13	0.44	0.0	0.18	0P000161AF
ETFRHO	-0.1	0.08	0.09	0.01	0.13		-0.06	0.0	0.11	ETFRHO
0P0000IQZV	-0.22	0.25	0.37	-0.62	0.44	-0.06		0.0	0.0	0P0000IQZV
PREFTX	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	PREFTX
STXCAP	0.1	0.73	0.42	-0.25	0.18	0.11	0.0	0.0		STXCAP
	SOLBE1	0P0000Z6BH	SBP	GRT	0P000161AF	ETFRHO	0P0000IQZV	PREFTX	STXCAP

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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

0P000161AF	+ 0.87	SBP
SBP	+ 0.83	0P0000Z6BH
STXCAP	+ 0.73	0P0000Z6BH
0P000161AF	+ 0.67	0P0000Z6BH
GRT	+ 0.45	SOLBE1
0P0000IQZV	+ 0.44	0P000161AF

High negative correlations

0P000161AF	- 0.86	SOLBE1
0P000161AF	- 0.7	GRT
SBP	- 0.69	SOLBE1
GRT	- 0.67	SBP
0P0000IQZV	- 0.62	GRT
GRT	- 0.56	0P0000Z6BH

Risk-Adjusted Indicators

There is a big difference between NEPI Stock performing well and NEPI Rockcastle 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 NEPI Rockcastle'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
SOLBE1	1.12	(0.40)	0.00	(0.37)	0.00	0.00	1.00	(1.96)	30.66
0P0000Z6BH	0.33	0.02	(0.17)	0.26	0.24	(0.59)	0.84	(0.43)	2.53
SBP	1.78	0.45	0.12	(0.63)	1.60	(2.53)	5.36	(3.44)	12.31
GRT	0.88	(0.06)	0.00	(1.99)	0.00	0.00	1.94	(1.74)	5.09
0P000161AF	0.84	0.24	0.17	1.13	0.41	(1.20)	2.10	(0.92)	5.24
ETFRHO	1.98	0.03	(0.03)	1.68	2.62	(2.47)	4.90	(3.81)	25.69
0P0000IQZV	0.56	0.02	(0.12)	0.27	0.73	(0.57)	0.89	(0.91)	3.80
PREFTX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
STXCAP	0.50	(0.01)	0.00	(0.44)	0.00	0.00	1.25	(0.96)	2.95

Be your own money manager

Our tools can tell you how much better you can do entering a position in NEPI Rockcastle 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.

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