National Presto Correlations
| NPK Stock | USD 89.42 0.15 0.17% |
The current 90-days correlation between National Presto Indu and Park Electrochemical is 0.34 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as National Presto moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if National Presto Industries moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
National Presto Correlation With Market
Very weak diversification
The correlation between National Presto Industries and DJI is 0.44 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding National Presto Industries and DJI in the same portfolio, assuming nothing else is changed.
National |
Moving together with National Stock
Moving against National Stock
| 0.59 | ESLT | Elbit Systems | PairCorr |
| 0.59 | HEI | Heico | PairCorr |
| 0.57 | GD | General Dynamics | PairCorr |
| 0.57 | NOC | Northrop Grumman | PairCorr |
| 0.55 | HII | Huntington Ingalls | PairCorr |
| 0.49 | ERJ | Embraer SA ADR | PairCorr |
| 0.43 | LHX | L3Harris Technologies | PairCorr |
| 0.4 | RGR | Sturm Ruger | PairCorr |
| 0.31 | SARO | StandardAero, Downward Rally | PairCorr |
Related Correlations Analysis
| 0.83 | 0.82 | -0.47 | 0.0 | -0.66 | 0.77 | PKE | ||
| 0.83 | 0.87 | -0.52 | 0.0 | -0.63 | 0.75 | DCO | ||
| 0.82 | 0.87 | -0.48 | 0.0 | -0.57 | 0.59 | ISSC | ||
| -0.47 | -0.52 | -0.48 | 0.0 | 0.88 | -0.48 | VSEC | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | KAMN | ||
| -0.66 | -0.63 | -0.57 | 0.88 | 0.0 | -0.67 | ATRO | ||
| 0.77 | 0.75 | 0.59 | -0.48 | 0.0 | -0.67 | CW | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between National Stock performing well and National Presto 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 National Presto'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PKE | 1.27 | (0.01) | 0.00 | (0.01) | 0.00 | 2.27 | 7.97 | |||
| DCO | 1.11 | (0.03) | 0.00 | (0.06) | 0.00 | 2.09 | 10.87 | |||
| ISSC | 2.87 | (0.12) | 0.00 | (0.30) | 0.00 | 5.14 | 32.27 | |||
| VSEC | 1.97 | 0.32 | 0.12 | 0.44 | 2.40 | 4.50 | 21.51 | |||
| KAMN | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ATRO | 1.72 | 0.81 | 0.79 | 0.87 | 0.00 | 4.14 | 26.52 | |||
| CW | 1.48 | (0.05) | 0.00 | (0.05) | 0.00 | 3.08 | 15.27 |