National Rural Correlations

NRUC Stock

USD 24.07 0.07 0.29%

The current 90-days correlation between National Rural Utilities and CMS Energy Corp is 0.75 (i.e., Poor diversification). The correlation of National Rural 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.

National Rural Correlation With Market

Average diversification

The correlation between National Rural Utilities and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding National Rural Utilities 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 Rural Utilities. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.

Moving together with National Stock

0.63

FAAS

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Pair Corr

Moving against National Stock

0.8	FLYW	Flywire Corp	Pair Corr
0.78	RELY	Remitly Global	Pair Corr
0.76	PAYO	Payoneer Global	Pair Corr
0.7	DLO	Dlocal	Pair Corr
0.61	EVTC	Evertec	Pair Corr
0.4	MHLA	Maiden Holdings	Pair Corr
0.38	DISTR	Distoken Acquisition	Pair Corr
0.35	GDSTR	Goldenstone Acquisition	Pair Corr
0.82	WT	WisdomTree	Pair Corr
0.79	DIST	Distoken Acquisition	Pair Corr
0.7	DUET	DUET Acquisition Corp	Pair Corr
0.67	DHIL	Diamond Hill Investment	Pair Corr
0.67	BX	Blackstone Group Normal Trading	Pair Corr
0.67	VCTR	Victory Capital Holdings Normal Trading	Pair Corr
0.66	PX	P10 Inc	Pair Corr
0.55	BN	Brookfield Corp	Pair Corr
0.53	BK	Bank of New York Fiscal Year End 10th of January 2025	Pair Corr
0.52	CG	Carlyle Group	Pair Corr
0.51	DYCQ	DT Cloud Acquisition	Pair Corr
0.43	AB	AllianceBernstein	Pair Corr
0.41	AC	Associated Capital	Pair Corr
0.36	VINP	Vinci Partners Inves	Pair Corr
0.32	USIO	Usio Inc	Pair Corr
0.77	EMCG	Embrace Change Acqui	Pair Corr
0.74	VRTS	Virtus Investment	Pair Corr

Related Correlations Analysis

	CMSD	SOJD	DUKB	SOJC	MGR
CMSD		0.65	0.61	0.74	0.33	CMSD
SOJD	0.65		0.63	0.92	0.32	SOJD
DUKB	0.61	0.63		0.64	0.72	DUKB
SOJC	0.74	0.92	0.64		0.45	SOJC
MGR	0.33	0.32	0.72	0.45		MGR
	CMSD	SOJD	DUKB	SOJC	MGR

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Risk-Adjusted Indicators

There is a big difference between National Stock performing well and National Rural 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 Rural'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
CMSD	0.34	0.00	(0.24)	0.22	0.44	(0.36)	0.74	(0.70)	1.95
SOJD	0.56	(0.08)	0.00	(0.95)	0.00	0.00	1.03	(1.47)	3.26
DUKB	0.35	(0.02)	(0.28)	(0.09)	0.43	(0.36)	0.64	(0.68)	1.63
SOJC	0.41	(0.03)	0.00	(0.12)	0.00	0.00	0.87	(1.07)	2.60
MGR	0.45	0.01	(0.14)	0.21	0.59	(0.45)	0.98	(1.13)	2.85

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