National Presto Correlations

NPK Stock

USD 78.67 2.15 2.81%

The current 90-days correlation between National Presto Indu and Park Electrochemical is 0.56 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as National Presto moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if National Presto Industries moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

National Presto Correlation With Market

Poor diversification

The correlation between National Presto Industries and DJI is 0.61 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding National Presto Industries 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 National Presto Industries. 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 against National Stock

0.49	DPRO	Draganfly	Pair Corr
0.32	EH	Ehang Holdings	Pair Corr
0.46	LMT	Lockheed Martin Fiscal Year End 28th of January 2025	Pair Corr
0.36	KWE	KWESST Micro Systems Fiscal Year End 15th of January 2025	Pair Corr
0.32	TDG	Transdigm Group	Pair Corr
0.38	LILMW	Lilium Equity Warrants	Pair Corr

Related Correlations Analysis

	PKE	DCO	ISSC	VSEC	KAMN	ATRO	CW
PKE		0.34	0.88	0.93	0.67	-0.61	0.79	PKE
DCO	0.34		0.15	0.3	-0.03	-0.06	0.34	DCO
ISSC	0.88	0.15		0.9	0.71	-0.56	0.7	ISSC
VSEC	0.93	0.3	0.9		0.79	-0.69	0.84	VSEC
KAMN	0.67	-0.03	0.71	0.79		-0.77	0.69	KAMN
ATRO	-0.61	-0.06	-0.56	-0.69	-0.77		-0.57	ATRO
CW	0.79	0.34	0.7	0.84	0.69	-0.57		CW
	PKE	DCO	ISSC	VSEC	KAMN	ATRO	CW

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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

VSEC	+ 0.93	PKE
VSEC	+ 0.9	ISSC
ISSC	+ 0.88	PKE
CW	+ 0.84	VSEC
CW	+ 0.79	PKE
KAMN	+ 0.79	VSEC

High negative correlations

ATRO	- 0.77	KAMN
ATRO	- 0.69	VSEC
ATRO	- 0.61	PKE
CW	- 0.57	ATRO
ATRO	- 0.56	ISSC
ATRO	- 0.06	DCO

Risk-Adjusted Indicators

There is a big difference between National Stock performing well and National Presto 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 National Presto'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
PKE	1.31	0.01	0.09	0.13	0.95	(1.76)	3.51	(1.98)	12.34
DCO	1.28	(0.15)	(0.04)	0.03	1.53	(1.37)	2.90	(2.30)	8.32
ISSC	1.36	0.09	0.03	0.27	1.53	(1.50)	3.28	(3.31)	9.31
VSEC	1.85	0.16	0.13	0.19	2.10	(2.03)	2.95	(3.45)	21.00
KAMN	1.85	0.24	0.00	(0.14)	2.21	(1.87)	5.37	(3.75)	14.48
ATRO	2.17	(0.46)	0.00	(0.07)	0.00	0.00	4.07	(6.69)	22.57
CW	1.25	0.13	0.10	0.21	1.70	(1.43)	2.96	(2.48)	11.02

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