NIP Group Correlations

NIPG Stock

6.49 0.11 1.72%

The current 90-days correlation between NIP Group American and Analog Devices is 0.17 (i.e., Average diversification). The correlation of NIP Group 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.

NIP Group Correlation With Market

Average diversification

The correlation between NIP Group American 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 NIP Group American 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 NIP Group American. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

Moving together with NIP Stock

0.66

IGT

International Game

Pair Corr

Moving against NIP Stock

0.81	EXPE	Expedia Group	Pair Corr
0.81	LIND	Lindblad Expeditions Potential Growth	Pair Corr
0.81	PLYA	Playa Hotels Resorts	Pair Corr
0.73	INSE	Inspired Entertainment	Pair Corr
0.72	EVRI	Everi Holdings	Pair Corr
0.67	GAMB	Gambling Group	Pair Corr
0.64	RSI	Rush Street Interactive	Pair Corr
0.61	DPZ	Dominos Pizza	Pair Corr
0.6	FWRG	First Watch Restaurant	Pair Corr
0.57	AGS	PlayAGS	Pair Corr
0.56	SBUX	Starbucks Aggressive Push	Pair Corr
0.55	DRI	Darden Restaurants	Pair Corr
0.53	PLAY	Dave Busters Enterta Earnings Call This Week	Pair Corr
0.52	KRUS	Kura Sushi USA	Pair Corr
0.5	CMG	Chipotle Mexican Grill Aggressive Push	Pair Corr
0.48	YUMC	Yum China Holdings	Pair Corr
0.86	BROS	Dutch Bros	Pair Corr
0.83	SGHC	SGHC Limited	Pair Corr
0.77	GM	General Motors Aggressive Push	Pair Corr
0.72	CAKE	The Cheesecake Factory	Pair Corr
0.69	SHAK	Shake Shack	Pair Corr
0.69	WEYS	Weyco Group	Pair Corr
0.58	MPX	Marine Products Fiscal Year End 23rd of January 2025	Pair Corr
0.55	ADT	ADT Inc	Pair Corr
0.43	F	Ford Motor Aggressive Push	Pair Corr
0.43	HD	Home Depot Sell-off Trend	Pair Corr
0.38	RH	RH Earnings Call This Week	Pair Corr
0.35	CHDN	Churchill Downs	Pair Corr
0.32	LOW	Lowes Companies	Pair Corr

Related Correlations Analysis

	ADI	LTH	HAS	NNAVW	JDDSF	OLED	ALNT	ASO
ADI		0.19	0.66	-0.54	0.19	0.78	-0.66	0.59	ADI
LTH	0.19		0.49	-0.17	-0.16	0.33	0.03	0.29	LTH
HAS	0.66	0.49		-0.79	-0.06	0.86	-0.68	0.81	HAS
NNAVW	-0.54	-0.17	-0.79		0.09	-0.78	0.69	-0.79	NNAVW
JDDSF	0.19	-0.16	-0.06	0.09		0.11	-0.37	-0.01	JDDSF
OLED	0.78	0.33	0.86	-0.78	0.11		-0.8	0.81	OLED
ALNT	-0.66	0.03	-0.68	0.69	-0.37	-0.8		-0.54	ALNT
ASO	0.59	0.29	0.81	-0.79	-0.01	0.81	-0.54		ASO
	ADI	LTH	HAS	NNAVW	JDDSF	OLED	ALNT	ASO

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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

OLED	+ 0.86	HAS
ASO	+ 0.81	HAS
ASO	+ 0.81	OLED
OLED	+ 0.78	ADI
ALNT	+ 0.69	NNAVW
HAS	+ 0.66	ADI

High negative correlations

ALNT	- 0.8	OLED
ASO	- 0.79	NNAVW
NNAVW	- 0.79	HAS
OLED	- 0.78	NNAVW
ALNT	- 0.68	HAS
ALNT	- 0.66	ADI

Risk-Adjusted Indicators

There is a big difference between NIP Stock performing well and NIP Group 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 NIP Group'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
ADI	1.54	(0.26)	0.00	(0.05)	0.00	0.00	2.90	(3.05)	9.32
LTH	1.52	(0.13)	0.00	(0.01)	0.00	0.00	3.13	(2.43)	13.13
HAS	0.92	(0.09)	0.00	(0.62)	0.00	0.00	1.56	(1.52)	8.12
NNAVW	3.75	1.72	0.35	1.89	3.75	(4.51)	11.83	(6.75)	24.31
JDDSF	0.54	(0.14)	0.00	(0.32)	0.00	0.00	0.00	0.00	29.30
OLED	1.69	(0.38)	0.00	(0.14)	0.00	0.00	3.04	(4.45)	15.98
ALNT	2.13	0.12	0.09	0.18	2.38	(2.35)	5.25	(4.45)	11.31
ASO	1.73	(0.24)	0.00	(0.43)	0.00	0.00	4.04	(3.25)	9.63

NIP Group Corporate Management

Zhiyong Li	Chief Officer	Profile
Erik Lindemann	Senior Counsel	Profile
Hang Sui	Chief Officer	Profile
Haoming Yu	Senior Division	Profile
Zhang Lei	Chief Officer	Profile

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