Nucor Corp Correlations
| NUE Stock | USD 151.92 1.93 1.29% |
The current 90-days correlation between Nucor Corp and Fortitude Gold Corp is 0.2 (i.e., Modest diversification). The correlation of Nucor Corp 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.
Nucor Corp Correlation With Market
Poor diversification
The correlation between Nucor Corp and DJI is 0.73 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nucor Corp and DJI in the same portfolio, assuming nothing else is changed.
Nucor |
Moving together with Nucor Stock
| 0.66 | RS | Reliance Steel Aluminum | PairCorr |
| 0.63 | TX | Ternium SA ADR | PairCorr |
| 0.67 | CMC | Commercial Metals | PairCorr |
| 0.68 | ZEUS | Olympic Steel | PairCorr |
| 0.67 | STLD | Steel Dynamics Fiscal Year End 28th of January 2025 | PairCorr |
| 0.71 | CC | Chemours | PairCorr |
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