Nauticus Robotics Correlations

Stocks . USA . 
Stock . Nauticus Robotics
KITTW Stock  USD 0.01  0  9.60%   
The current 90-days correlation between Nauticus Robotics and Chardan NexTech Acquisition is -0.1 (i.e., Good diversification). The correlation of Nauticus Robotics 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.

Nauticus Robotics Correlation With Market

Significant diversification

The correlation between Nauticus Robotics and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nauticus Robotics and DJI 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 Nauticus Robotics. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.
For more information on how to buy Nauticus Stock please use our How to Invest in Nauticus Robotics guide.

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Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Nauticus Stock performing well and Nauticus Robotics 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 Nauticus Robotics' 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.

Nauticus Robotics Corporate Management

John YamokoskiChief OfficerProfile
Nicolaus RadfordCEO, CoFounderProfile
Donnelly BohanChief OfficerProfile
Ciara CampbellVice ResourcesProfile
John JDGeneral CounselProfile
Nicholas BigneyGeneral SecretaryProfile
Todd NewellSenior DevelopmentProfile
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