NR Old Correlations

Summary

NRDelisted Stock

USD 7.24 0.06 0.82%

The current 90-days correlation between NR Old and Enerflex is -0.05 (i.e., Good diversification). The correlation of NR Old 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.

NR Old Correlation With Market

Significant diversification

The correlation between NR Old and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding NR Old and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Moving together with NR Old Stock

0.81	CMWCF	Cromwell Property	Pair Corr
0.74	LPTH	LightPath Technologies Earnings Call This Week	Pair Corr

Moving against NR Old Stock

0.64	PBMRF	PT Bumi Resources	Pair Corr
0.59	VLY	Valley National Bancorp	Pair Corr
0.42	PBCRF	PT Bank Central	Pair Corr
0.76	DD	Dupont De Nemours Earnings Call This Week	Pair Corr
0.65	PG	Procter Gamble	Pair Corr
0.65	MCD	McDonalds Earnings Call This Week	Pair Corr
0.6	TRV	The Travelers Companies	Pair Corr
0.6	HPQ	HP Inc	Pair Corr
0.53	JNJ	Johnson Johnson	Pair Corr
0.52	XOM	Exxon Mobil Corp Fiscal Year End 7th of February 2025	Pair Corr
0.46	INTC	Intel	Pair Corr
0.43	KO	Coca Cola Earnings Call This Week	Pair Corr
0.43	HD	Home Depot	Pair Corr

Related Correlations Analysis

	DNOW	EFXT	VTOL	FET	HLX	OII	DRQ	RES	RNGR	PUMP
DNOW		0.38	0.69	0.21	0.45	0.64	0.14	0.42	0.7	0.14	DNOW
EFXT	0.38		0.06	0.54	-0.24	0.12	-0.72	0.52	0.76	0.84	EFXT
VTOL	0.69	0.06		0.14	0.72	0.86	0.42	0.45	0.53	-0.01	VTOL
FET	0.21	0.54	0.14		-0.44	0.07	-0.41	0.84	0.72	0.79	FET
HLX	0.45	-0.24	0.72	-0.44		0.8	0.54	-0.07	0.07	-0.47	HLX
OII	0.64	0.12	0.86	0.07	0.8		0.25	0.43	0.52	-0.02	OII
DRQ	0.14	-0.72	0.42	-0.41	0.54	0.25		-0.25	-0.29	-0.72	DRQ
RES	0.42	0.52	0.45	0.84	-0.07	0.43	-0.25		0.81	0.72	RES
RNGR	0.7	0.76	0.53	0.72	0.07	0.52	-0.29	0.81		0.66	RNGR
PUMP	0.14	0.84	-0.01	0.79	-0.47	-0.02	-0.72	0.72	0.66		PUMP
	DNOW	EFXT	VTOL	FET	HLX	OII	DRQ	RES	RNGR	PUMP

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

OII	+ 0.86	VTOL
PUMP	+ 0.84	EFXT
RES	+ 0.84	FET
RNGR	+ 0.81	RES
OII	+ 0.8	HLX
PUMP	+ 0.79	FET

High negative correlations

PUMP	- 0.72	DRQ
DRQ	- 0.72	EFXT
PUMP	- 0.47	HLX
HLX	- 0.44	FET
DRQ	- 0.41	FET
RNGR	- 0.29	DRQ

Risk-Adjusted Indicators

There is a big difference between NR Old Stock performing well and NR Old 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 NR Old'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
DNOW	1.51	0.35	0.19	0.57	1.23	(1.73)	3.71	(2.72)	16.46
EFXT	1.67	0.62	0.25	2.83	1.75	(2.00)	3.72	(2.18)	13.85
VTOL	1.40	(0.01)	(0.04)	0.05	1.72	(1.63)	2.92	(2.98)	14.67
FET	2.17	0.34	0.14	0.52	1.91	(2.69)	5.97	(3.40)	14.78
HLX	1.66	(0.23)	0.00	(0.30)	0.00	0.00	3.45	(3.76)	13.22
OII	1.89	0.01	(0.01)	0.10	2.10	(2.08)	4.10	(3.43)	18.18
DRQ	1.89	(0.11)	0.00	(0.76)	0.00	0.00	3.57	(4.30)	12.98
RES	1.90	0.03	(0.01)	0.15	2.38	(2.18)	4.40	(3.87)	18.40
RNGR	1.59	0.47	0.21	0.82	1.61	(1.93)	4.42	(2.62)	11.52
PUMP	2.72	0.35	0.08	2.75	2.95	(3.16)	5.79	(4.40)	28.65

Delisting Warning - NR

NR Old was delisted

The entity NR Old with a symbol NR was delisted from NASDAQ Exchange. Please try NPK International with a symbol NPKI from now on. Check all delisted instruments accross multiple markets.

Still Interested in NR Old?

Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC