Nerdwallet Correlations

NRDS Stock

USD 13.75 0.22 1.57%

The current 90-days correlation between Nerdwallet and Medallion Financial Corp is 0.09 (i.e., Significant diversification). The correlation of Nerdwallet 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.

Nerdwallet Correlation With Market

Average diversification

The correlation between Nerdwallet and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nerdwallet 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 Nerdwallet. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

For more information on how to buy Nerdwallet Stock please use our How to Invest in Nerdwallet guide.

Moving together with Nerdwallet Stock

0.64	GOOG	Alphabet Class C	Pair Corr
0.61	YELP	Yelp Inc	Pair Corr

Moving against Nerdwallet Stock

0.74	MAX	MediaAlpha	Pair Corr
0.71	TC	TuanChe ADR	Pair Corr
0.51	FENG	Phoenix New Media	Pair Corr
0.56	MTCH	Match Group	Pair Corr
0.54	GROM	Grom Social Enterprises	Pair Corr
0.52	ZDGE	Zedge Inc	Pair Corr
0.42	KRKR	36Kr Holdings	Pair Corr
0.47	RIME	Algorhythm Holdings, Symbol Change	Pair Corr
0.38	CRTDW	Creatd Inc	Pair Corr

Related Correlations Analysis

	SLM	IX	FCFS	MFIN	OPRT	EZPW	NAVI	ENVA	ATLCP	LPRO
SLM		-0.61	-0.57	0.75	0.37	0.5	-0.12	0.85	0.69	0.65	SLM
IX	-0.61		0.87	-0.82	0.07	-0.36	0.61	-0.61	-0.5	-0.22	IX
FCFS	-0.57	0.87		-0.85	-0.15	-0.4	0.73	-0.67	-0.64	-0.3	FCFS
MFIN	0.75	-0.82	-0.85		0.33	0.58	-0.51	0.89	0.69	0.53	MFIN
OPRT	0.37	0.07	-0.15	0.33		0.54	0.11	0.6	0.44	0.47	OPRT
EZPW	0.5	-0.36	-0.4	0.58	0.54		0.0	0.65	0.36	0.15	EZPW
NAVI	-0.12	0.61	0.73	-0.51	0.11	0.0		-0.27	-0.45	-0.17	NAVI
ENVA	0.85	-0.61	-0.67	0.89	0.6	0.65	-0.27		0.79	0.69	ENVA
ATLCP	0.69	-0.5	-0.64	0.69	0.44	0.36	-0.45	0.79		0.66	ATLCP
LPRO	0.65	-0.22	-0.3	0.53	0.47	0.15	-0.17	0.69	0.66		LPRO
	SLM	IX	FCFS	MFIN	OPRT	EZPW	NAVI	ENVA	ATLCP	LPRO

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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

ENVA	+ 0.89	MFIN
FCFS	+ 0.87	IX
ENVA	+ 0.85	SLM
ATLCP	+ 0.79	ENVA
MFIN	+ 0.75	SLM
NAVI	+ 0.73	FCFS

High negative correlations

MFIN	- 0.85	FCFS
MFIN	- 0.82	IX
ENVA	- 0.67	FCFS
ATLCP	- 0.64	FCFS
ENVA	- 0.61	IX
IX	- 0.61	SLM

Risk-Adjusted Indicators

There is a big difference between Nerdwallet Stock performing well and Nerdwallet 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 Nerdwallet'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
SLM	1.72	0.15	0.16	0.19	1.41	(2.06)	3.71	(2.59)	15.03
IX	1.14	(0.22)	0.00	(0.18)	0.00	0.00	2.12	(2.89)	8.46
FCFS	1.13	(0.27)	0.00	(0.18)	0.00	0.00	2.31	(2.42)	9.46
MFIN	1.14	0.20	0.14	0.29	1.14	(1.28)	3.00	(2.53)	7.31
OPRT	3.03	(0.14)	0.00	0.06	3.32	(3.35)	7.55	(5.05)	16.16
EZPW	1.27	0.02	(0.01)	0.14	1.28	(1.56)	3.56	(2.54)	6.51
NAVI	1.61	(0.21)	(0.05)	0.01	2.09	(1.74)	3.27	(3.50)	13.67
ENVA	1.74	0.12	0.13	0.17	1.67	(2.01)	3.13	(3.16)	13.01
ATLCP	0.51	0.08	(0.05)	0.69	0.39	(0.63)	1.28	(0.88)	2.71
LPRO	2.36	0.11	0.06	0.19	2.93	(2.66)	5.71	(3.43)	18.76

Nerdwallet Corporate Management

Lauren Waugh	Chief Officer	Profile
Caitlin MacNamee	Investor Officer	Profile
Tim Chen	Chairman Cofounder	Profile
Alison McCoy	Vice Marketing	Profile
Kevin Yuann	Chief Officer	Profile
Jason Rodriguez	Chief Officer	Profile
Ekumene Lysonge	Chief Secretary	Profile

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