Nuburu Correlations

BURU Stock

0.24 0.01 4.35%

The current 90-days correlation between Nuburu Inc and Laser Photonics is -0.2 (i.e., Good diversification). The correlation of Nuburu 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.

Nuburu Correlation With Market

Good diversification

The correlation between Nuburu Inc and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nuburu Inc and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Nuburu Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Moving together with Nuburu Stock

0.68	BW	Babcock Wilcox Enter	Pair Corr
0.61	ETN	Eaton PLC	Pair Corr
0.65	XMTR	Xometry	Pair Corr

Moving against Nuburu Stock

0.65	EPAC	Enerpac Tool Group	Pair Corr
0.61	FELE	Franklin Electric	Pair Corr
0.45	ITW	Illinois Tool Works	Pair Corr
0.44	GGG	Graco Inc Sell-off Trend	Pair Corr
0.44	KAI	Kadant Inc	Pair Corr
0.42	CR	Crane Company	Pair Corr
0.35	DCI	Donaldson	Pair Corr
0.76	MWA	Mueller Water Products	Pair Corr
0.76	XYL	Xylem Inc	Pair Corr
0.62	TNC	Tennant Company	Pair Corr
0.59	WTS	Watts Water Technologies	Pair Corr
0.53	NPO	Enpro Industries	Pair Corr

Related Correlations Analysis

	BGRY	LASE	JCSE	RCIT	SHPW	ATVK	GTEC	QIND	NDSN	TWIN
BGRY		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	BGRY
LASE	0.0		0.43	-0.52	0.17	-0.47	0.53	0.84	0.18	0.84	LASE
JCSE	0.0	0.43		-0.08	0.11	0.26	0.8	0.19	0.46	0.74	JCSE
RCIT	0.0	-0.52	-0.08		0.29	0.38	-0.24	-0.37	0.45	-0.35	RCIT
SHPW	0.0	0.17	0.11	0.29		0.04	0.08	0.32	0.72	0.25	SHPW
ATVK	0.0	-0.47	0.26	0.38	0.04		0.13	-0.64	0.21	-0.2	ATVK
GTEC	0.0	0.53	0.8	-0.24	0.08	0.13		0.23	0.47	0.78	GTEC
QIND	0.0	0.84	0.19	-0.37	0.32	-0.64	0.23		0.18	0.71	QIND
NDSN	0.0	0.18	0.46	0.45	0.72	0.21	0.47	0.18		0.42	NDSN
TWIN	0.0	0.84	0.74	-0.35	0.25	-0.2	0.78	0.71	0.42		TWIN
	BGRY	LASE	JCSE	RCIT	SHPW	ATVK	GTEC	QIND	NDSN	TWIN

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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

QIND	+ 0.84	LASE
TWIN	+ 0.84	LASE
GTEC	+ 0.8	JCSE
TWIN	+ 0.78	GTEC
TWIN	+ 0.74	JCSE
NDSN	+ 0.72	SHPW

High negative correlations

QIND	- 0.64	ATVK
RCIT	- 0.52	LASE
ATVK	- 0.47	LASE
QIND	- 0.37	RCIT
TWIN	- 0.35	RCIT
GTEC	- 0.24	RCIT

Risk-Adjusted Indicators

There is a big difference between Nuburu Stock performing well and Nuburu 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 Nuburu'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
BGRY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
LASE	4.03	(0.38)	0.00	(0.30)	0.00	0.00	8.36	(7.71)	37.89
JCSE	3.92	(0.36)	0.00	(0.50)	0.00	0.00	8.45	(10.83)	26.18
RCIT	0.90	(0.07)	0.00	0.20	0.00	0.00	1.65	(1.81)	4.39
SHPW	1.49	(0.76)	0.00	(7.09)	0.00	0.00	0.00	0.00	50.00
ATVK	12.17	0.97	0.08	(1.34)	10.95	(21.13)	33.33	(20.00)	82.50
GTEC	3.86	(0.54)	0.00	(0.92)	0.00	0.00	9.25	(8.84)	37.23
QIND	6.26	(1.30)	0.00	(1.13)	0.00	0.00	14.07	(14.94)	42.39
NDSN	1.21	(0.20)	0.00	(0.34)	0.00	0.00	1.88	(1.86)	8.19
TWIN	1.98	(0.73)	0.00	5.25	0.00	0.00	3.62	(5.18)	17.92

Nuburu Corporate Management

Andrew Dodd	CMSO	Profile
Matthew Philpott	Chief Officer	Profile
Brian Faircloth	Chief Officer	Profile
Teresa Betancourt	Chief Officer	Profile

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