National Rural Correlations

NRUC Stock

USD 23.86 0.15 0.63%

The current 90-days correlation between National Rural Utilities and CMS Energy Corp is 0.09 (i.e., Significant 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

Modest diversification

The correlation between National Rural Utilities and DJI is 0.24 (i.e., Modest 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

0.88	MGR	Affiliated Managers	Pair Corr
0.77	FIS	Fidelity National	Pair Corr
0.68	QTI	QT Imaging Holdings Symbol Change	Pair Corr
0.79	MHLA	Maiden Holdings	Pair Corr
0.63	OSCR	Oscar Health	Pair Corr
0.71	RILYT	B Riley Financial Trending	Pair Corr
0.9	AFGE	American Financial	Pair Corr
0.73	AGMH	AGM Group Holdings	Pair Corr
0.83	AIZN	Assurant	Pair Corr
0.84	SREA	DBA Sempra 5750	Pair Corr

Moving against National Stock

0.68	PRE	Prenetics Global	Pair Corr
0.65	DLO	Dlocal	Pair Corr
0.5	ABLLL	Abacus Life, 9875	Pair Corr
0.39	JNVR	Janover Common Stock	Pair Corr
0.36	DISTR	Distoken Acquisition	Pair Corr
0.32	GDSTR	Goldenstone Acquisition	Pair Corr
0.77	RELY	Remitly Global	Pair Corr
0.74	PCSC	Perceptive Capital	Pair Corr
0.7	PRTH	Priority Technology	Pair Corr
0.66	MSPR	MSP Recovery Symbol Change	Pair Corr
0.42	PAYO	Payoneer Global	Pair Corr
0.39	HSPOR	Horizon Space Acquisition	Pair Corr
0.38	RFACR	RF Acquisition Corp	Pair Corr
0.33	RWAYL	MSCI ACWI exAUCONSUMER	Pair Corr
0.33	MOGO	Mogo Inc	Pair Corr
0.64	BKKT	Bakkt Holdings Tech Boost	Pair Corr
0.59	DIST	Distoken Acquisition	Pair Corr

Related Correlations Analysis

	CMSD	SOJD	DUKB	SOJC	MGR
CMSD		0.84	0.9	0.89	0.8	CMSD
SOJD	0.84		0.92	0.95	0.93	SOJD
DUKB	0.9	0.92		0.92	0.86	DUKB
SOJC	0.89	0.95	0.92		0.94	SOJC
MGR	0.8	0.93	0.86	0.94		MGR
	CMSD	SOJD	DUKB	SOJC	MGR

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
CMSD	0.41	(0.08)	(0.49)	0.94	(0.77)	2.56
SOJD	0.75	(0.13)	(0.50)	1.35	(1.74)	4.67
DUKB	0.44	(0.06)	(0.22)	0.93	(0.92)	2.55
SOJC	0.63	(0.11)	(0.43)	1.37	(1.38)	3.11
MGR	0.55	(0.10)	(0.43)	1.23	(1.35)	2.83

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