Nelnet Correlations

NNI Stock

USD 113.86 1.05 0.91%

The current 90-days correlation between Nelnet Inc and SLM Corp Pb is 0.21 (i.e., Modest diversification). The correlation of Nelnet 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.

Nelnet Correlation With Market

Very weak diversification

The correlation between Nelnet Inc and DJI is 0.56 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nelnet 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 Nelnet 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 board of governors.

Moving together with Nelnet Stock

0.8	V	Visa Class A	Pair Corr
0.86	DB	Deutsche Bank AG Buyout Trend	Pair Corr
0.89	DX	Dynex Capital	Pair Corr
0.73	LU	Lufax Holding	Pair Corr
0.84	LX	Lexinfintech Holdings	Pair Corr
0.64	MA	Mastercard	Pair Corr
0.8	XP	Xp Inc	Pair Corr
0.79	DMYY	dMY Squared Technology	Pair Corr
0.68	DOMH	Dominari Holdings	Pair Corr
0.78	DYCQ	DT Cloud Acquisition	Pair Corr
0.85	VMCA	Valuence Merger Corp	Pair Corr
0.79	EMCGU	Embrace Change Acqui	Pair Corr

Moving against Nelnet Stock

0.76	LC	LendingClub Corp	Pair Corr
0.67	RC	Ready Capital Corp	Pair Corr
0.64	WT	WisdomTree	Pair Corr
0.58	BX	Blackstone Group Normal Trading	Pair Corr
0.56	WD	Walker Dunlop	Pair Corr
0.47	MC	Moelis	Pair Corr
0.46	CG	Carlyle Group	Pair Corr
0.43	DHIL	Diamond Hill Investment	Pair Corr
0.43	PX	P10 Inc	Pair Corr
0.35	SF	Stifel Financial	Pair Corr
0.73	VRTS	Virtus Investment	Pair Corr
0.72	WULF	Terawulf	Pair Corr
0.7	LGHLW	Lion Financial Group	Pair Corr
0.6	ECPG	Encore Capital Group	Pair Corr

Related Correlations Analysis

	SLMBP	FCFS	AGM-A	NAVI	AGM-PG	AGM-PE	AGM-PF	EZPW	IX
SLMBP		0.76	-0.31	0.05	0.53	0.28	0.55	0.81	-0.14	SLMBP
FCFS	0.76		-0.6	0.14	0.54	0.26	0.56	0.8	-0.34	FCFS
AGM-A	-0.31	-0.6		0.07	-0.43	-0.05	-0.49	-0.32	0.37	AGM-A
NAVI	0.05	0.14	0.07		0.33	0.68	0.28	-0.03	0.37	NAVI
AGM-PG	0.53	0.54	-0.43	0.33		0.6	0.87	0.42	0.06	AGM-PG
AGM-PE	0.28	0.26	-0.05	0.68	0.6		0.54	0.12	0.18	AGM-PE
AGM-PF	0.55	0.56	-0.49	0.28	0.87	0.54		0.39	-0.07	AGM-PF
EZPW	0.81	0.8	-0.32	-0.03	0.42	0.12	0.39		-0.38	EZPW
IX	-0.14	-0.34	0.37	0.37	0.06	0.18	-0.07	-0.38		IX
	SLMBP	FCFS	AGM-A	NAVI	AGM-PG	AGM-PE	AGM-PF	EZPW	IX

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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

AGM-PF	+ 0.87	AGM-PG
EZPW	+ 0.81	SLMBP
EZPW	+ 0.8	FCFS
FCFS	+ 0.76	SLMBP
AGM-PE	+ 0.68	NAVI
AGM-PE	+ 0.6	AGM-PG

High negative correlations

AGM-A	- 0.6	FCFS
AGM-PF	- 0.49	AGM-A
AGM-PG	- 0.43	AGM-A
IX	- 0.38	EZPW
IX	- 0.34	FCFS
EZPW	- 0.32	AGM-A

Risk-Adjusted Indicators

There is a big difference between Nelnet Stock performing well and Nelnet 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 Nelnet'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
SLMBP	0.29	0.05	0.40	0.41	0.19	(0.35)	0.90	(0.55)	1.90
FCFS	0.99	0.18	0.16	0.23	1.24	(1.04)	2.41	(2.20)	6.71
AGM-A	1.46	(0.05)	0.00	(0.20)	0.00	0.00	3.13	(4.60)	16.56
NAVI	1.52	(0.06)	0.00	(0.15)	0.00	0.00	2.47	(3.48)	9.49
AGM-PG	0.83	0.04	0.11	0.06	1.02	(0.88)	1.50	(1.34)	6.44
AGM-PE	0.53	(0.02)	0.00	(0.24)	0.00	0.00	0.93	(1.20)	3.16
AGM-PF	0.73	0.03	0.10	0.03	1.04	(0.79)	1.56	(1.69)	6.23
EZPW	1.24	0.26	0.24	0.41	1.06	(1.53)	3.45	(1.92)	10.95
IX	0.98	0.01	0.00	(0.08)	0.00	0.00	1.82	(2.17)	7.70

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