Nixxy, Correlations

NIXXW Stock   0.03  0.0001  0.33%   
The current 90-days correlation between Nixxy, Inc and Bassett Furniture Industries is -0.12 (i.e., Good diversification). The correlation of Nixxy, 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.

Nixxy, Correlation With Market

Significant diversification

The correlation between Nixxy, Inc and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nixxy, Inc 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 Nixxy, 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 interest.

Moving together with Nixxy, Stock

  0.68BZ Kanzhun Ltd ADRPairCorr
  0.62BA BoeingPairCorr

Moving against Nixxy, Stock

  0.82KFRC Kforce IncPairCorr
  0.77RHI Robert Half International Sell-off TrendPairCorr
  0.76ATLN Atlantic InternationalPairCorr
  0.74HSON Hudson GlobalPairCorr
  0.65MHH Mastech HoldingsPairCorr
  0.62MAN ManpowerGroupPairCorr
  0.54KFY Korn Ferry Earnings Call This WeekPairCorr
  0.52KELYB Kelly Services BPairCorr
  0.52IPDN Professional DiversityPairCorr
  0.43HSII Heidrick StrugglesPairCorr
  0.35NIXX Nixxy, Inc Symbol ChangePairCorr
  0.33GLXG Galaxy Payroll GroupPairCorr
  0.71TNET TriNet GroupPairCorr
  0.7BV BrightView HoldingsPairCorr
  0.65BW Babcock Wilcox EnterPairCorr
  0.59BGSF BG StaffingPairCorr
  0.59CW Curtiss WrightPairCorr
  0.55J Jacobs SolutionsPairCorr
  0.51CLIK Click HoldingsPairCorr
  0.4BBSI Barrett Business Services Earnings Call TodayPairCorr

Related Correlations Analysis

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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   
INVHSCL
GFFCC
PHGFF
SCLCC
PHBSET
GFFSCL
  
High negative correlations   
CIO-P-AATHM
PHCIO-P-A
CIO-P-ABSET
ATHMSCL
CIO-P-AGFF
CIO-P-ACC

Risk-Adjusted Indicators

There is a big difference between Nixxy, Stock performing well and Nixxy, 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 Nixxy,'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.