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

0.68	BZ	Kanzhun Ltd ADR	Pair Corr
0.62	BA	Boeing	Pair Corr

Moving against Nixxy, Stock

0.82	KFRC	Kforce Inc	Pair Corr
0.77	RHI	Robert Half International Sell-off Trend	Pair Corr
0.76	ATLN	Atlantic International	Pair Corr
0.74	HSON	Hudson Global	Pair Corr
0.65	MHH	Mastech Holdings	Pair Corr
0.62	MAN	ManpowerGroup	Pair Corr
0.54	KFY	Korn Ferry Earnings Call This Week	Pair Corr
0.52	KELYB	Kelly Services B	Pair Corr
0.52	IPDN	Professional Diversity	Pair Corr
0.43	HSII	Heidrick Struggles	Pair Corr
0.35	NIXX	Nixxy, Inc Symbol Change	Pair Corr
0.33	GLXG	Galaxy Payroll Group	Pair Corr
0.71	TNET	TriNet Group	Pair Corr
0.7	BV	BrightView Holdings	Pair Corr
0.65	BW	Babcock Wilcox Enter	Pair Corr
0.59	BGSF	BG Staffing	Pair Corr
0.59	CW	Curtiss Wright	Pair Corr
0.55	J	Jacobs Solutions	Pair Corr
0.51	CLIK	Click Holdings	Pair Corr
0.4	BBSI	Barrett Business Services Earnings Call Today	Pair Corr

Related Correlations Analysis

	BSET	CC	SCL	ATHM	GFF	INVH	CIO-P-A	PH
BSET		0.26	0.32	0.55	0.45	0.5	-0.4	0.64	BSET
CC	0.26		0.73	-0.13	0.79	0.56	-0.22	0.6	CC
SCL	0.32	0.73		-0.33	0.61	0.9	0.1	0.43	SCL
ATHM	0.55	-0.13	-0.33		0.18	-0.16	-0.65	0.51	ATHM
GFF	0.45	0.79	0.61	0.18		0.57	-0.28	0.77	GFF
INVH	0.5	0.56	0.9	-0.16	0.57		0.02	0.51	INVH
CIO-P-A	-0.4	-0.22	0.1	-0.65	-0.28	0.02		-0.62	CIO-P-A
PH	0.64	0.6	0.43	0.51	0.77	0.51	-0.62		PH
	BSET	CC	SCL	ATHM	GFF	INVH	CIO-P-A	PH

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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

INVH	+ 0.9	SCL
GFF	+ 0.79	CC
PH	+ 0.77	GFF
SCL	+ 0.73	CC
PH	+ 0.64	BSET
GFF	+ 0.61	SCL

High negative correlations

CIO-P-A	- 0.65	ATHM
PH	- 0.62	CIO-P-A
CIO-P-A	- 0.4	BSET
ATHM	- 0.33	SCL
CIO-P-A	- 0.28	GFF
CIO-P-A	- 0.22	CC

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
BSET	1.44	0.07	0.03	0.13	1.82	(1.57)	3.70	(2.83)	9.87
CC	2.11	(0.26)	0.00	(0.17)	0.00	0.00	3.86	(4.67)	16.32
SCL	1.31	(0.25)	0.00	(0.25)	0.00	0.00	2.21	(2.71)	6.93
ATHM	1.57	0.12	0.05	0.23	1.97	(1.56)	3.57	(3.41)	9.63
GFF	1.46	(0.04)	0.00	(0.21)	0.00	0.00	2.87	(2.52)	12.08
INVH	0.83	(0.09)	0.00	(0.21)	0.00	0.00	1.59	(1.69)	3.91
CIO-P-A	0.94	0.04	0.03	0.46	1.22	(1.02)	2.01	(1.87)	8.15
PH	0.96	(0.08)	0.00	(0.09)	0.00	0.00	1.64	(1.79)	9.82

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