Nortech Systems Correlations

NSYS Stock

USD 9.40 0.01 0.11%

The current 90-days correlation between Nortech Systems and Data IO is 0.12 (i.e., Average diversification). The correlation of Nortech Systems 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.

Nortech Systems Correlation With Market

Poor diversification

The correlation between Nortech Systems Incorporated and DJI is 0.66 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nortech Systems Incorporated and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Nortech Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nortech Systems Incorporated. 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.

Moving together with Nortech Stock

0.92	Q	Qnity Electronics Tech Boost	Pair Corr
0.76	KN	Knowles Cor	Pair Corr
0.78	LFS	Littelfuse	Pair Corr
0.81	PX4	Plexus Corp	Pair Corr
0.61	P4O	Plan Optik AG	Pair Corr
0.76	PJJ1	CHINA DISPLAY OTHHD	Pair Corr
0.73	VRME	VerifyMe	Pair Corr
0.63	PRHA	Prosegur Compaa de	Pair Corr
0.77	SATLW	Satellogic Warrant	Pair Corr
0.85	MKT	MKS Instruments Earnings Call Tomorrow	Pair Corr
0.74	VNI	Avnet Inc	Pair Corr
0.68	BRV	Brady Earnings Call This Week	Pair Corr
0.65	H7B	COHERENT CORP	Pair Corr
0.76	BAERW	Bridger Aerospace	Pair Corr

Moving against Nortech Stock

0.46	OBD	Obducat AB	Pair Corr
0.46	EBON	Ebang International	Pair Corr
0.4	EHGO	Eshallgo Class A	Pair Corr
0.37	EVLV	Evolv Technologies	Pair Corr
0.81	IDN	Intellicheck Mobilisa	Pair Corr
0.67	BMI	Badger Meter	Pair Corr
0.59	FCUV	Focus Universal	Pair Corr
0.56	CDW	CDW Corp	Pair Corr
0.47	TDKA	TDK Corporation	Pair Corr
0.37	DLB	Dolby Laboratories	Pair Corr

Related Correlations Analysis

	FCUV	DAIO	HOLO	NTCL	FOXX	SVRE	ANY	SELX	BOSC	CSAI
FCUV		-0.61	0.83	0.9	-0.08	0.92	0.88	-0.19	-0.48	0.81	FCUV
DAIO	-0.61		-0.48	-0.81	0.43	-0.57	-0.57	0.1	0.14	-0.54	DAIO
HOLO	0.83	-0.48		0.83	-0.16	0.88	0.96	0.06	-0.19	0.88	HOLO
NTCL	0.9	-0.81	0.83		-0.33	0.9	0.89	-0.1	-0.28	0.81	NTCL
FOXX	-0.08	0.43	-0.16	-0.33		-0.19	-0.3	-0.44	-0.21	-0.35	FOXX
SVRE	0.92	-0.57	0.88	0.9	-0.19		0.9	-0.03	-0.31	0.83	SVRE
ANY	0.88	-0.57	0.96	0.89	-0.3	0.9		0.08	-0.24	0.91	ANY
SELX	-0.19	0.1	0.06	-0.1	-0.44	-0.03	0.08		0.67	0.2	SELX
BOSC	-0.48	0.14	-0.19	-0.28	-0.21	-0.31	-0.24	0.67		-0.17	BOSC
CSAI	0.81	-0.54	0.88	0.81	-0.35	0.83	0.91	0.2	-0.17		CSAI
	FCUV	DAIO	HOLO	NTCL	FOXX	SVRE	ANY	SELX	BOSC	CSAI

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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

ANY	+ 0.96	HOLO
SVRE	+ 0.92	FCUV
CSAI	+ 0.91	ANY
NTCL	+ 0.9	FCUV
SVRE	+ 0.9	NTCL
ANY	+ 0.9	SVRE

High negative correlations

NTCL	- 0.81	DAIO
DAIO	- 0.61	FCUV
ANY	- 0.57	DAIO
SVRE	- 0.57	DAIO
CSAI	- 0.54	DAIO
HOLO	- 0.48	DAIO

Risk-Adjusted Indicators

There is a big difference between Nortech Stock performing well and Nortech Systems 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 Nortech Systems' 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
FCUV	6.28	(2.81)	0.00	(0.67)	0.00	0.00	7.63	(16.86)	43.73
DAIO	2.41	(0.01)	0.00	0.05	2.45	(3.25)	5.66	(4.92)	13.24
HOLO	3.54	(0.84)	0.00	(0.36)	0.00	0.00	5.76	(7.55)	15.30
NTCL	7.21	(0.97)	0.00	0.46	0.00	0.00	12.50	(16.36)	71.43
FOXX	8.88	1.29	0.13	0.55	8.88	(10.70)	23.93	(18.10)	101.37
SVRE	5.73	(1.82)	0.00	(1.93)	0.00	0.00	13.49	(18.00)	64.89
ANY	4.12	(2.24)	0.00	(0.97)	0.00	0.00	5.97	(10.08)	26.28
SELX	5.71	(0.43)	0.00	(1.58)	0.00	0.00	10.34	(14.44)	44.13
BOSC	2.12	(0.17)	0.00	(0.07)	0.00	0.00	4.77	(4.72)	15.46
CSAI	5.06	(0.90)	0.00	(0.22)	0.00	0.00	13.58	(8.06)	30.71

Nortech Systems Corporate Management

Curtis Steichen	Chief Marketing and Sales Officer and Sr. VP	Profile
Mark Hooley	Secretary	Profile
Cathy Vold	VP Services	Profile
Corey Hancock	Senior Development	Profile
Christopher Jones	CFO VP	Profile
John Lindeen	Senior Operations	Profile

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