NB Private Correlations

NBPU Stock

20.75 0.00 0.00%

The current 90-days correlation between NB Private Equity and AfriTin Mining is 0.08 (i.e., Significant diversification). The correlation of NB Private 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.

NB Private Correlation With Market

Average diversification

The correlation between NB Private Equity and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding NB Private Equity and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with NBPU Stock

0.7	SMSD	Samsung Electronics	Pair Corr
0.77	BC94	Samsung Electronics	Pair Corr
0.78	SMSN	Samsung Electronics	Pair Corr
0.64	TYT	Toyota Motor Corp	Pair Corr
0.64	RIGD	Reliance Industries	Pair Corr

Related Correlations Analysis

	MTL	ATM	CRTM	0LO9	WPM	0QHX	GMET
MTL		-0.14	-0.11	0.69	0.42	-0.6	0.26	MTL
ATM	-0.14		-0.53	-0.48	0.19	0.21	-0.32	ATM
CRTM	-0.11	-0.53		0.21	0.09	0.3	0.73	CRTM
0LO9	0.69	-0.48	0.21		0.27	-0.51	0.5	0LO9
WPM	0.42	0.19	0.09	0.27		-0.12	0.29	WPM
0QHX	-0.6	0.21	0.3	-0.51	-0.12		-0.07	0QHX
GMET	0.26	-0.32	0.73	0.5	0.29	-0.07		GMET
	MTL	ATM	CRTM	0LO9	WPM	0QHX	GMET

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

GMET	+ 0.73	CRTM
0LO9	+ 0.69	MTL
GMET	+ 0.5	0LO9
WPM	+ 0.42	MTL
0QHX	+ 0.3	CRTM
GMET	+ 0.29	WPM

High negative correlations

0QHX	- 0.6	MTL
CRTM	- 0.53	ATM
0QHX	- 0.51	0LO9
0LO9	- 0.48	ATM
GMET	- 0.32	ATM
ATM	- 0.14	MTL

Risk-Adjusted Indicators

There is a big difference between NBPU Stock performing well and NB Private 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 NB Private'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
MTL	2.69	0.08	0.01	0.29	3.11	(3.06)	7.32	(5.63)	15.60
ATM	2.71	(0.04)	0.00	0.17	0.00	0.00	6.25	(4.76)	15.88
CRTM	2.72	1.39	0.37	14.54	1.65	(4.42)	8.70	(2.91)	27.42
0LO9	2.33	0.05	0.01	0.15	2.62	(2.64)	5.23	(4.06)	15.05
WPM	2.01	0.20	0.05	0.64	3.50	(1.93)	4.42	(5.33)	14.86
0QHX	1.07	0.14	0.08	(1.19)	0.98	(1.28)	2.75	(1.82)	7.39
GMET	3.47	0.55	0.10	(10.43)	4.54	(3.48)	9.41	(7.48)	22.35

Be your own money manager

Our tools can tell you how much better you can do entering a position in NB Private 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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