Intercont Limited Correlations

NCT Stock

0.25 0.01 3.85%

The current 90-days correlation between Intercont Limited and Vantage Corp is 0.16 (i.e., Average diversification). The correlation of Intercont Limited 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.

Intercont Limited Correlation With Market

Average diversification

The correlation between Intercont Limited Ordinary and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Intercont Limited Ordinary and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Intercont Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Intercont Limited Ordinary. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in world development indicators.

Moving together with Intercont Stock

0.88	LSH	Lakeside Holding	Pair Corr
0.94	ICON	Icon Energy Corp	Pair Corr

Moving against Intercont Stock

0.88	KEX	Kirby	Pair Corr
0.87	PSHG	Performance Shipping	Pair Corr
0.79	SB	Safe Bulkers	Pair Corr
0.78	PANL	Pangaea Logistic	Pair Corr
0.76	MATX	Matson Inc	Pair Corr
0.75	GLBS	Globus Maritime	Pair Corr
0.73	WTE	Westshore Terminals	Pair Corr
0.61	002320	Hainan Strait Shipping	Pair Corr
0.47	SWZNF	Schweizerische Nationalbank	Pair Corr
0.41	PSIG	PS International	Pair Corr
0.37	GNK	Genco Shipping Trading	Pair Corr
0.85	UNCY	Unicycive Therapeutics	Pair Corr
0.74	KALRQ	Kalera Public Limited	Pair Corr
0.7	ACHV	Achieve Life Sciences	Pair Corr
0.7	BDNNY	Boliden AB ADR	Pair Corr
0.67	BRK-B	Berkshire Hathaway	Pair Corr
0.66	CLPHF	CLP Holdings	Pair Corr
0.65	CNTB	Connect Biopharma	Pair Corr
0.62	HASI	Hannon Armstrong Sus	Pair Corr
0.6	PATK	Patrick Industries	Pair Corr
0.58	ALXXF	Avante Logixx	Pair Corr
0.49	CLCO	Cool Company	Pair Corr
0.92	BAFBF	Balfour Beatty plc	Pair Corr
0.84	DX	Dynex Capital	Pair Corr
0.83	PNDXF	Pandox AB	Pair Corr
0.81	DNGFF	Dongfang ElectricLimited	Pair Corr

Related Correlations Analysis

	VNTG	TOPS	PSHG	GLBS	PXS	SIDU	XTIA	PRZO	NIXX	CTRM
VNTG		-0.61	-0.54	-0.42	0.16	0.24	0.07	0.53	0.42	0.35	VNTG
TOPS	-0.61		0.4	0.2	-0.26	-0.23	0.19	-0.23	-0.39	-0.42	TOPS
PSHG	-0.54	0.4		0.78	0.19	-0.65	-0.23	-0.62	-0.85	-0.06	PSHG
GLBS	-0.42	0.2	0.78		0.5	-0.38	-0.15	-0.33	-0.58	0.37	GLBS
PXS	0.16	-0.26	0.19	0.5		-0.09	-0.08	0.13	-0.2	0.52	PXS
SIDU	0.24	-0.23	-0.65	-0.38	-0.09		0.17	0.57	0.82	0.37	SIDU
XTIA	0.07	0.19	-0.23	-0.15	-0.08	0.17		0.33	0.11	-0.1	XTIA
PRZO	0.53	-0.23	-0.62	-0.33	0.13	0.57	0.33		0.56	0.27	PRZO
NIXX	0.42	-0.39	-0.85	-0.58	-0.2	0.82	0.11	0.56		0.24	NIXX
CTRM	0.35	-0.42	-0.06	0.37	0.52	0.37	-0.1	0.27	0.24		CTRM
	VNTG	TOPS	PSHG	GLBS	PXS	SIDU	XTIA	PRZO	NIXX	CTRM

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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

NIXX	+ 0.82	SIDU
GLBS	+ 0.78	PSHG
PRZO	+ 0.57	SIDU
NIXX	+ 0.56	PRZO
PRZO	+ 0.53	VNTG
CTRM	+ 0.52	PXS

High negative correlations

NIXX	- 0.85	PSHG
SIDU	- 0.65	PSHG
PRZO	- 0.62	PSHG
TOPS	- 0.61	VNTG
NIXX	- 0.58	GLBS
PSHG	- 0.54	VNTG

Risk-Adjusted Indicators

There is a big difference between Intercont Stock performing well and Intercont Limited 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 Intercont Limited'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
VNTG	4.80	(1.63)	0.00	(1.25)	0.00	0.00	6.93	(9.37)	88.71
TOPS	1.52	0.04	(0.01)	2.63	1.95	(1.78)	2.89	(3.39)	16.45
PSHG	2.58	0.35	0.08	(1.13)	2.84	(3.28)	5.77	(3.19)	20.39
GLBS	3.98	0.57	0.12	0.81	3.72	(5.68)	15.04	(7.01)	26.30
PXS	1.59	0.03	0.01	0.10	1.78	(1.96)	3.08	(3.41)	12.39
SIDU	5.47	0.07	0.04	0.08	5.80	(7.29)	14.08	(9.70)	55.66
XTIA	3.79	(0.24)	0.00	(0.06)	0.00	0.00	7.80	(7.55)	25.06
PRZO	4.17	(0.41)	0.00	(0.20)	0.00	0.00	8.48	(7.55)	20.04
NIXX	3.72	(0.64)	0.00	(0.62)	0.00	0.00	8.24	(6.96)	28.08
CTRM	2.06	0.04	0.02	0.10	2.13	(2.83)	7.96	(3.49)	15.37

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