Nu Ride Correlations

NRDE Stock

1.41 0.09 6.00%

The current 90-days correlation between Nu Ride and First Hydrogen Corp is -0.23 (i.e., Very good diversification). The correlation of Nu Ride 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.

Nu Ride Correlation With Market

Good diversification

The correlation between Nu Ride and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nu Ride and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Nu Ride could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Nu Ride when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Nu Ride - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Nu Ride to buy it.

Moving together with NRDE OTC Stock

0.76

MSFT

Microsoft Earnings Call This Week

Pair Corr

Moving against NRDE OTC Stock

0.85	GOOG	Alphabet Class C	Pair Corr
0.82	BMYMP	Bristol Myers Squibb	Pair Corr
0.82	WEGZY	WEG SA ADR	Pair Corr
0.78	MH	McGraw Hill	Pair Corr
0.77	GM	General Motors Earnings Call This Week	Pair Corr
0.77	PITAF	Poste Italiane SpA	Pair Corr
0.62	DIALF	Dialight plc	Pair Corr
0.59	AXP	American Express	Pair Corr
0.58	AAPL	Apple Inc	Pair Corr
0.54	NTR	Nutrien	Pair Corr
0.53	FOSL	Fossil Group	Pair Corr
0.52	NXTC	NextCure	Pair Corr
0.49	GVA	Granite Construction	Pair Corr
0.47	NKRKY	Nokian Tyres Plc	Pair Corr
0.89	DVNHF	Frontier Services	Pair Corr
0.89	BIIB	Biogen Inc	Pair Corr
0.82	CHRW	CH Robinson Worldwide	Pair Corr
0.81	SOHOO	Sotherly Hotels Pref	Pair Corr
0.78	PILBF	Pilbara Minerals	Pair Corr
0.78	ROL	Rollins	Pair Corr
0.74	MATX	Matson Inc	Pair Corr
0.74	FSBW	FS Bancorp Earnings Call Tomorrow	Pair Corr
0.74	EBRZF	Enbridge	Pair Corr
0.7	VLY	Valley National Bancorp Earnings Call Tomorrow	Pair Corr
0.63	SMEGF	Siemens Energy AG	Pair Corr

Related Correlations Analysis

	FHYDF	ESPGY	GBXXY	BSHI	GMELF	PKSGY	PRKA	IFABF	KICK	JPOTF
FHYDF		-0.48	0.0	0.53	0.0	0.0	-0.21	-0.74	0.0	0.65	FHYDF
ESPGY	-0.48		0.0	-0.32	0.0	0.0	0.18	0.49	0.0	-0.44	ESPGY
GBXXY	0.0	0.0		0.0	-1.0	1.0	0.0	0.0	1.0	0.0	GBXXY
BSHI	0.53	-0.32	0.0		0.0	0.0	-0.27	-0.55	0.0	0.56	BSHI
GMELF	0.0	0.0	-1.0	0.0		-1.0	0.0	0.0	-1.0	0.0	GMELF
PKSGY	0.0	0.0	1.0	0.0	-1.0		0.0	0.0	1.0	0.0	PKSGY
PRKA	-0.21	0.18	0.0	-0.27	0.0	0.0		0.48	0.0	-0.44	PRKA
IFABF	-0.74	0.49	0.0	-0.55	0.0	0.0	0.48		0.0	-0.75	IFABF
KICK	0.0	0.0	1.0	0.0	-1.0	1.0	0.0	0.0		0.0	KICK
JPOTF	0.65	-0.44	0.0	0.56	0.0	0.0	-0.44	-0.75	0.0		JPOTF
	FHYDF	ESPGY	GBXXY	BSHI	GMELF	PKSGY	PRKA	IFABF	KICK	JPOTF

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

PKSGY	+ 1.0	GBXXY
KICK	+ 1.0	GBXXY
KICK	+ 1.0	PKSGY
JPOTF	+ 0.65	FHYDF
JPOTF	+ 0.56	BSHI
BSHI	+ 0.53	FHYDF

High negative correlations

KICK	- 1.0	GMELF
PKSGY	- 1.0	GMELF
GMELF	- 1.0	GBXXY
JPOTF	- 0.75	IFABF
IFABF	- 0.74	FHYDF
IFABF	- 0.55	BSHI

Risk-Adjusted Indicators

There is a big difference between NRDE OTC Stock performing well and Nu Ride OTC Stock 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 Nu Ride'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
FHYDF	2.69	(0.07)	0.00	0.18	0.00	0.00	6.25	(8.57)	26.68
ESPGY	20.69	5.55	0.30	0.57	15.25	(34.53)	10.00	(25.35)	590.19
GBXXY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BSHI	0.22	(0.13)	0.00	(7.67)	0.00	0.00	0.00	0.00	6.31
GMELF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PKSGY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PRKA	0.51	0.06	(0.02)	(0.04)	1.16	(2.44)	1.35	(1.39)	17.93
IFABF	2.59	0.71	0.10	(0.62)	2.61	(5.66)	11.63	(5.62)	22.04
KICK	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
JPOTF	4.02	(0.59)	0.00	(1.19)	0.00	0.00	8.43	(9.09)	30.73

Nu Ride Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Nu Ride otc stock to make a market-neutral strategy. Peer analysis of Nu Ride could also be used in its relative valuation, which is a method of valuing Nu Ride by comparing valuation metrics with similar companies.

First Hydrogen Corp Esprit Holdings Grand Baoxin Auto Boss Holdings GOME Retail Holdings PARKSON Retail Group Parks America iFabric Corp HPN Holdings Jackpot Digital American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup

Risk & Return

Correlation

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

2026 Macroaxis LLC