Nisun International Correlations

NISN Stock

USD 7.23 0.22 2.95%

A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Nisun International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nisun International Enterprise moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Nisun International Correlation With Market

Modest diversification

The correlation between Nisun International Enterprise and DJI is 0.27 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nisun International Enterprise 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 Nisun International Enterprise. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

Moving together with Nisun Stock

0.67	AZZ	AZZ Incorporated	Pair Corr
0.8	G	Genpact Limited	Pair Corr
0.63	DE	Deere Company	Pair Corr
0.87	EH	Ehang Holdings	Pair Corr
0.68	GE	GE Aerospace	Pair Corr
0.86	KC	Kingsoft Cloud Holdings	Pair Corr

Moving against Nisun Stock

0.69	YSXT	YSX Tech Co,	Pair Corr
0.57	CW	Curtiss Wright	Pair Corr
0.55	J	Jacobs Solutions	Pair Corr
0.55	BV	BrightView Holdings	Pair Corr
0.54	BW	Babcock Wilcox Enter	Pair Corr
0.48	SST	System1	Pair Corr
0.44	GPN	Global Payments	Pair Corr
0.42	TH	Target Hospitality Corp	Pair Corr
0.4	ARMK	Aramark Holdings	Pair Corr
0.39	PRSU	Pursuit Attractions and Symbol Change	Pair Corr
0.38	AP	Ampco Pittsburgh	Pair Corr
0.56	TT	Trane Technologies plc	Pair Corr
0.55	UP	Wheels Up Experience	Pair Corr
0.52	GD	General Dynamics	Pair Corr
0.48	IR	Ingersoll Rand Sell-off Trend	Pair Corr
0.48	NX	Quanex Building Products	Pair Corr
0.48	OP	Oceanpal	Pair Corr
0.45	GP	GreenPower Motor	Pair Corr
0.43	TE	T1 Energy Symbol Change	Pair Corr
0.35	NL	NL Industries	Pair Corr
0.32	OC	Owens Corning	Pair Corr

Related Correlations Analysis

	SNTG	YRD	LX	JT	LU	XYF	LMFA	DXF	SUNL
SNTG		-0.18	-0.18	0.0	-0.05	-0.12	0.27	0.06	0.0	SNTG
YRD	-0.18		0.91	0.0	0.84	0.8	-0.8	0.03	0.0	YRD
LX	-0.18	0.91		0.0	0.8	0.89	-0.83	0.04	0.0	LX
JT	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	JT
LU	-0.05	0.84	0.8	0.0		0.81	-0.82	-0.31	0.0	LU
XYF	-0.12	0.8	0.89	0.0	0.81		-0.75	-0.29	0.0	XYF
LMFA	0.27	-0.8	-0.83	0.0	-0.82	-0.75		0.12	0.0	LMFA
DXF	0.06	0.03	0.04	0.0	-0.31	-0.29	0.12		0.0	DXF
SUNL	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		SUNL
	SNTG	YRD	LX	JT	LU	XYF	LMFA	DXF	SUNL

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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

LX	+ 0.91	YRD
XYF	+ 0.89	LX
LU	+ 0.84	YRD
XYF	+ 0.81	LU
XYF	+ 0.8	YRD
LU	+ 0.8	LX

High negative correlations

LMFA	- 0.83	LX
LMFA	- 0.82	LU
LMFA	- 0.8	YRD
LMFA	- 0.75	XYF
DXF	- 0.31	LU
DXF	- 0.29	XYF

Risk-Adjusted Indicators

There is a big difference between Nisun Stock performing well and Nisun International 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 Nisun International'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
SNTG	3.63	0.09	0.02	0.12	4.36	(4.36)	9.25	(5.79)	30.48
YRD	3.41	0.89	0.16	0.49	4.71	(3.94)	7.97	(5.92)	31.21
LX	3.85	1.19	0.28	0.76	3.61	(4.83)	13.01	(5.05)	31.45
JT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
LU	2.82	0.41	0.11	(1.42)	3.54	(3.34)	5.44	(5.70)	21.78
XYF	3.21	1.20	0.31	0.85	3.01	(3.65)	10.06	(6.11)	21.85
LMFA	3.96	(0.52)	0.00	(0.26)	0.00	0.00	9.33	(7.43)	21.18
DXF	15.06	0.64	0.03	1.07	18.19	(20.08)	33.13	(25.89)	196.29
SUNL	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Nisun International Corporate Management

Changjuan Liang	Chief Officer	Profile
Xiao Jin	Financial Controller	Profile
Yingping Chen	Sec	Profile
Anne Fan	S Board	Profile
Xiaoliang Xue	Chief Officer	Profile
Jun Zheng	Chief Officer	Profile

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