Nano Nuclear Correlations

NNE Stock

33.60 4.35 14.87%

The current 90-days correlation between Nano Nuclear Energy and Barnes Group is 0.15 (i.e., Average diversification). The correlation of Nano Nuclear 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.

Nano Nuclear Correlation With Market

Weak diversification

The correlation between Nano Nuclear Energy and DJI is 0.3 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nano Nuclear Energy 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 Nano Nuclear Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Moving together with Nano Stock

0.82	B	Barnes Group	Pair Corr
0.71	BW	Babcock Wilcox Enter	Pair Corr
0.75	CR	Crane Company	Pair Corr
0.84	IR	Ingersoll Rand	Pair Corr
0.83	PH	Parker Hannifin	Pair Corr
0.8	EPAC	Enerpac Tool Group	Pair Corr
0.68	AME	Ametek Inc	Pair Corr
0.74	ATS	ATS Corporation	Pair Corr
0.89	CMI	Cummins	Pair Corr
0.78	DCI	Donaldson Earnings Call This Week	Pair Corr
0.83	DOV	Dover	Pair Corr
0.8	EMR	Emerson Electric	Pair Corr
0.91	ETN	Eaton PLC	Pair Corr
0.87	FLS	Flowserve	Pair Corr
0.68	GGG	Graco Inc	Pair Corr
0.65	GHM	Graham	Pair Corr
0.67	GRC	Gorman Rupp	Pair Corr
0.74	IEX	IDEX	Pair Corr
0.79	ITT	ITT Inc	Pair Corr
0.82	ITW	Illinois Tool Works	Pair Corr
0.81	JBT	John Bean Technologies	Pair Corr
0.72	KAI	Kadant Inc	Pair Corr
0.87	MIR	Mirion Technologies	Pair Corr
0.83	MWA	Mueller Water Products Fiscal Year End 11th of December 2024	Pair Corr
0.66	XMTR	Xometry	Pair Corr
0.89	PNR	Pentair PLC	Pair Corr
0.74	ROK	Rockwell Automation	Pair Corr
0.7	RRX	Regal Beloit	Pair Corr
0.92	SMR	Nuscale Power Corp Trending	Pair Corr
0.72	SXI	Standex International	Pair Corr
0.9	SYM	Symbotic Trending	Pair Corr

Moving against Nano Stock

0.75	RR	Richtech Robotics Class	Pair Corr
0.47	AOS	Smith AO	Pair Corr
0.62	SHMDW	SCHMID Group NV	Pair Corr
0.54	TNC	Tennant Company	Pair Corr

Related Correlations Analysis

	B	CR	HI	IR	PH	RR	EPAC	FELE	AME
B		0.62	0.13	0.78	0.73	-0.71	0.77	0.53	0.54	B
CR	0.62		0.55	0.79	0.93	-0.54	0.89	0.74	0.93	CR
HI	0.13	0.55		0.11	0.35	0.25	0.41	0.4	0.57	HI
IR	0.78	0.79	0.11		0.91	-0.79	0.81	0.81	0.68	IR
PH	0.73	0.93	0.35	0.91		-0.74	0.94	0.78	0.91	PH
RR	-0.71	-0.54	0.25	-0.79	-0.74		-0.69	-0.4	-0.53	RR
EPAC	0.77	0.89	0.41	0.81	0.94	-0.69		0.69	0.88	EPAC
FELE	0.53	0.74	0.4	0.81	0.78	-0.4	0.69		0.62	FELE
AME	0.54	0.93	0.57	0.68	0.91	-0.53	0.88	0.62		AME
	B	CR	HI	IR	PH	RR	EPAC	FELE	AME

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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

EPAC	+ 0.94	PH
PH	+ 0.93	CR
AME	+ 0.93	CR
PH	+ 0.91	IR
AME	+ 0.91	PH
EPAC	+ 0.89	CR

High negative correlations

RR	- 0.79	IR
RR	- 0.74	PH
RR	- 0.71	B
EPAC	- 0.69	RR
RR	- 0.54	CR
AME	- 0.53	RR

Risk-Adjusted Indicators

There is a big difference between Nano Stock performing well and Nano Nuclear 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 Nano Nuclear'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
B	1.23	0.25	0.13	0.49	1.06	(1.39)	2.72	(2.10)	13.24
CR	1.45	0.16	0.10	0.25	1.69	(1.72)	3.45	(2.72)	9.45
HI	2.34	(0.19)	(0.01)	0.04	2.57	(2.77)	3.79	(4.06)	14.46
IR	1.18	0.05	0.07	0.15	1.11	(1.32)	3.27	(2.10)	7.21
PH	0.93	0.11	0.15	0.19	0.82	(1.12)	2.18	(1.25)	11.35
RR	5.47	(0.99)	0.00	(0.55)	0.00	0.00	10.40	(11.43)	36.95
EPAC	1.17	0.12	0.14	0.20	1.06	(1.36)	2.84	(1.91)	12.71
FELE	1.19	(0.08)	0.01	0.08	1.44	(1.37)	2.34	(1.54)	11.41
AME	0.81	0.19	0.14	0.39	0.76	(0.91)	1.32	(1.52)	11.22

Nano Nuclear Corporate Management

Mark Nichols	Defense Military	Profile
Michelle AmanteHarstine	Senior Initiatives	Profile
Governor Cuomo	Member Board	Profile
Dr MBA	Head Technologies	Profile
Wayne Hao	Vice Development	Profile
Peter Hosemann	Head Materials	Profile

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