NETCLASS TECHNOLOGY Correlations

NTCL Stock

0.42 0.04 7.74%

The current 90-days correlation between NETCLASS TECHNOLOGY INC and Future Fintech Group is 0.21 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as NETCLASS TECHNOLOGY moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if NETCLASS TECHNOLOGY INC moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

NETCLASS TECHNOLOGY Correlation With Market

Significant diversification

The correlation between NETCLASS TECHNOLOGY INC and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding NETCLASS TECHNOLOGY INC and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with NETCLASS Stock

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

Moving together with NETCLASS Stock

0.65	ELL	Everybody Loves Languages	Pair Corr
0.75	GV	Visionary Education	Pair Corr
0.8	JZ	Jianzhi Education	Pair Corr
0.69	DUOL	Duolingo	Pair Corr
0.69	GEM	G8 Education	Pair Corr
0.77	EEIQ	Elite Education Group	Pair Corr
0.69	WAFU	Wah Fu Education	Pair Corr
0.68	FEDU	Four Seasons Education	Pair Corr
0.79	GNS	Genius Group	Pair Corr
0.67	KLC	KinderCare Learning	Pair Corr
0.67	LRN	Stride Inc	Pair Corr
0.8	SGN	Signing Day Sports,	Pair Corr
0.66	STG	Sunlands Technology	Pair Corr
0.73	VSA	TCTM Kids IT Symbol Change	Pair Corr
0.8	GOTU	Gaotu Techedu DRC	Pair Corr
0.84	YSXT	YSX Tech Co,	Pair Corr

Moving against NETCLASS Stock

0.68	AFL	Af Legal Group	Pair Corr
0.59	MCW	Mister Car Wash,	Pair Corr
0.45	NXD	Nexted Group	Pair Corr
0.78	605098	Shanghai Action Education	Pair Corr
0.7	LAUR	Laureate Education	Pair Corr

Related Correlations Analysis

	FTFT	JTAI	BNZI	GITS	QCLS	APCX	ATCH	ULY	OLB
FTFT		0.94	0.95	0.92	-0.02	-0.89	0.64	0.88	0.91	FTFT
JTAI	0.94		0.9	0.97	-0.06	-0.81	0.76	0.87	0.87	JTAI
BNZI	0.95	0.9		0.9	-0.01	-0.85	0.62	0.87	0.89	BNZI
GITS	0.92	0.97	0.9		-0.09	-0.78	0.72	0.86	0.85	GITS
QCLS	-0.02	-0.06	-0.01	-0.09		0.01	0.16	0.14	0.1	QCLS
APCX	-0.89	-0.81	-0.85	-0.78	0.01		-0.55	-0.77	-0.78	APCX
ATCH	0.64	0.76	0.62	0.72	0.16	-0.55		0.74	0.58	ATCH
ULY	0.88	0.87	0.87	0.86	0.14	-0.77	0.74		0.81	ULY
OLB	0.91	0.87	0.89	0.85	0.1	-0.78	0.58	0.81		OLB
	FTFT	JTAI	BNZI	GITS	QCLS	APCX	ATCH	ULY	OLB

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

GITS	+ 0.97	JTAI
BNZI	+ 0.95	FTFT
JTAI	+ 0.94	FTFT
GITS	+ 0.92	FTFT
OLB	+ 0.91	FTFT
BNZI	+ 0.9	JTAI

High negative correlations

APCX	- 0.89	FTFT
APCX	- 0.85	BNZI
APCX	- 0.81	JTAI
OLB	- 0.78	APCX
APCX	- 0.78	GITS
ULY	- 0.77	APCX

Risk-Adjusted Indicators

There is a big difference between NETCLASS Stock performing well and NETCLASS TECHNOLOGY 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 NETCLASS TECHNOLOGY'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
FTFT	3.80	(1.41)	0.00	(0.29)	0.00	0.00	7.28	(6.78)	28.92
JTAI	4.94	(2.44)	0.00	(0.65)	0.00	0.00	6.58	(12.00)	43.24
BNZI	5.58	(1.37)	0.00	(1.20)	0.00	0.00	9.70	(11.05)	34.99
GITS	4.65	(1.56)	0.00	(1.40)	0.00	0.00	9.33	(14.03)	52.78
QCLS	8.54	0.18	0.04	0.12	8.76	(10.21)	16.86	(14.68)	63.27
APCX	7.94	1.90	0.16	(6.59)	7.22	(16.46)	23.08	(11.76)	95.15
ATCH	5.33	(1.14)	0.00	(0.61)	0.00	0.00	12.90	(10.00)	56.89
ULY	4.06	(1.00)	0.00	(0.74)	0.00	0.00	8.52	(7.86)	37.19
OLB	3.47	(0.78)	0.00	(0.29)	0.00	0.00	10.53	(6.35)	22.95

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