Nur Ink Correlations

NURI Stock

1,480 32.00 2.21%

The current 90-days correlation between Nur Ink Innovations and Batm Advanced Communications is -0.02 (i.e., Good diversification). The correlation of Nur Ink 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.

Nur Ink Correlation With Market

Poor diversification

The correlation between Nur Ink Innovations and DJI is 0.72 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nur Ink Innovations and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Nur Ink could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Nur Ink when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Nur Ink - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Nur Ink Innovations to buy it.

Moving together with Nur Stock

0.75	LUMI	Bank Leumi Le	Pair Corr
0.67	MZTF	Mizrahi Tefahot	Pair Corr
0.82	AZRG	Azrieli Group	Pair Corr
0.84	ESLT	Elbit Systems	Pair Corr
0.65	DSCT	Israel Discount Bank	Pair Corr
0.83	RATI	Ratio Oil Explorations	Pair Corr
0.73	ECNR	Econergy Renewable Energy	Pair Corr
0.82	TLSY	Telsys	Pair Corr
0.81	FEAT	Feat Fund Investments	Pair Corr
0.87	LEVI	Levinstein Eng	Pair Corr

Moving against Nur Stock

0.36	ICL	ICL Israel Chemicals	Pair Corr
0.35	NICE	Nice	Pair Corr

Related Correlations Analysis

	RSEL	CLIS	MGDL	EPIT	SEMG	MTRD	BVC
RSEL		0.43	0.58	0.53	0.55	-0.5	-0.6	RSEL
CLIS	0.43		0.95	0.36	0.47	-0.28	-0.85	CLIS
MGDL	0.58	0.95		0.28	0.53	-0.24	-0.8	MGDL
EPIT	0.53	0.36	0.28		0.51	-0.39	-0.46	EPIT
SEMG	0.55	0.47	0.53	0.51		-0.2	-0.34	SEMG
MTRD	-0.5	-0.28	-0.24	-0.39	-0.2		0.56	MTRD
BVC	-0.6	-0.85	-0.8	-0.46	-0.34	0.56		BVC
	RSEL	CLIS	MGDL	EPIT	SEMG	MTRD	BVC

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

MGDL	+ 0.95	CLIS
MGDL	+ 0.58	RSEL
BVC	+ 0.56	MTRD
SEMG	+ 0.55	RSEL
EPIT	+ 0.53	RSEL
SEMG	+ 0.53	MGDL

High negative correlations

BVC	- 0.85	CLIS
BVC	- 0.8	MGDL
BVC	- 0.6	RSEL
MTRD	- 0.5	RSEL
BVC	- 0.46	EPIT
MTRD	- 0.39	EPIT

Risk-Adjusted Indicators

There is a big difference between Nur Stock performing well and Nur Ink 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 Nur Ink'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
RSEL	2.80	0.37	0.09	(3.08)	3.33	(3.09)	5.18	(4.85)	22.06
CLIS	1.77	0.59	0.20	1.64	2.14	(1.96)	4.12	(2.21)	13.44
MGDL	1.96	0.78	0.29	1.66	1.79	(2.23)	4.43	(2.95)	13.99
EPIT	2.56	0.45	0.11	(0.41)	2.90	(2.81)	5.48	(4.78)	26.76
SEMG	1.69	0.07	0.02	0.21	1.87	(1.96)	5.49	(3.32)	10.95
MTRD	1.64	(0.07)	0.00	(3.64)	0.00	0.00	3.16	(3.76)	11.59
BVC	1.61	(0.50)	0.00	(0.49)	0.00	0.00	3.47	(3.51)	10.88

Nur Ink Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Nur Ink stock to make a market-neutral strategy. Peer analysis of Nur Ink could also be used in its relative valuation, which is a method of valuing Nur Ink by comparing valuation metrics with similar companies.

RSL Electronics Clal Insurance Enterprises Migdal Insurance Epitomee Medical Seach Medical Group Meitav Trade Inv Batm Advanced Communications American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne CVS Health Corp Chevron Corp

Risk & Return

Correlation

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

2026 Macroaxis LLC