NetSol Technologies Correlations

NTWK Stock  USD 2.67  0.04  1.48%   
The correlation of NetSol Technologies 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as NetSol Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if NetSol Technologies moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Very good diversification

The correlation between NetSol Technologies and NYA is -0.22 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding NetSol Technologies and NYA in the same portfolio, assuming nothing else is changed.
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NetSol Technologies. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in housing.
For more information on how to buy NetSol Stock please use our How to buy in NetSol Stock guide.
  
The ability to find closely correlated positions to NetSol Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NetSol Technologies 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 NetSol Technologies - 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 NetSol Technologies to buy it.

Moving together with NetSol Stock

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Moving against NetSol Stock

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Related Correlations Analysis

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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   
MLNKIDBA
EVOLIWSY
EVOLPDFS
PDFSIWSY
RDVTMODN
RSSSPDFS
  
High negative correlations   
EVOLIDBA
EVOLMLNK
MLNKRSSS
IDBARSSS
MLNKMNDO
IDBAIWSY

Risk-Adjusted Indicators

There is a big difference between NetSol Stock performing well and NetSol Technologies 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 NetSol Technologies' 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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
IWSY  38.24  14.24  0.41  1.02  19.37 
 138.46 
 467.50 
MNDO  0.93  0.05  0.00 (0.32) 1.12 
 1.63 
 8.40 
MODN  1.56  0.11  0.06  0.13  1.87 
 2.93 
 11.23 
PDFS  1.85 (0.03) 0.01  0.03  2.37 
 3.82 
 11.17 
RSSS  2.79  0.27  0.08  0.44  2.69 
 6.13 
 19.11 
RDVT  1.50 (0.08) 0.00 (0.01) 0.00 
 3.90 
 11.06 
IDBA  1.82 (0.46) 0.00 (0.55) 0.00 
 5.66 
 15.53 
MLNK  1.34 (0.48) 0.00 (0.45) 0.00 
 2.08 
 18.02 
OMQS  7.51  0.57  0.06  1.83  8.75 
 19.61 
 73.85 
EVOL  2.43  0.39  0.04  0.72  3.75 
 6.67 
 51.10 

Be your own money manager

Our tools can tell you how much better you can do entering a position in NetSol Technologies 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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NetSol Technologies Corporate Directors

NetSol Technologies corporate directors refer to members of a NetSol Technologies board of directors. The board of directors generally takes responsibility for the NetSol Technologies' affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of NetSol Technologies' board members must vote for the resolution. The NetSol Technologies board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Henry TolentinoDirectorProfile
Shahid BurkiIndependent DirectorProfile
Jeffrey BilbreyIndependent DirectorProfile
Eugen BeckertIndependent DirectorProfile

Already Invested in NetSol Technologies?

The danger of trading NetSol Technologies is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of NetSol Technologies is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than NetSol Technologies. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile NetSol Technologies is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether NetSol Technologies is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if NetSol Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Netsol Technologies Stock. Highlighted below are key reports to facilitate an investment decision about Netsol Technologies Stock:
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NetSol Technologies. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in housing.
For more information on how to buy NetSol Stock please use our How to buy in NetSol Stock guide.
You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.

Complementary Tools for NetSol Stock analysis

When running NetSol Technologies' price analysis, check to measure NetSol Technologies' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy NetSol Technologies is operating at the current time. Most of NetSol Technologies' value examination focuses on studying past and present price action to predict the probability of NetSol Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NetSol Technologies' price. Additionally, you may evaluate how the addition of NetSol Technologies to your portfolios can decrease your overall portfolio volatility.
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Is NetSol Technologies' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of NetSol Technologies. If investors know NetSol will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about NetSol Technologies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.72)
Earnings Share
(0.18)
Revenue Per Share
5.012
Quarterly Revenue Growth
0.23
Return On Assets
(0.03)
The market value of NetSol Technologies is measured differently than its book value, which is the value of NetSol that is recorded on the company's balance sheet. Investors also form their own opinion of NetSol Technologies' value that differs from its market value or its book value, called intrinsic value, which is NetSol Technologies' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because NetSol Technologies' market value can be influenced by many factors that don't directly affect NetSol Technologies' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between NetSol Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if NetSol Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NetSol Technologies' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.