Nerdwallet Correlations

Nerdwallet Correlation With Market

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.

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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    OPRT + 0.87 SLM EZPW + 0.84 OPRT FCFS + 0.77 SLM EZPW + 0.75 FCFS EZPW + 0.73 SLM ENVA + 0.73 FCFS

High negative correlations    OPRT - 0.82 MFIN MFIN - 0.77 SLM EZPW - 0.74 MFIN MFIN - 0.68 FCFS IX - 0.64 SLM OPRT - 0.52 IX

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.