Nerdwallet Correlations

NRDS Stock

USD 8.98 0.21 2.39%

The current 90-days correlation between Nerdwallet and Oportun Financial Corp is 0.27 (i.e., Modest diversification). The correlation of Nerdwallet 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.

Nerdwallet Correlation With Market

Very weak diversification

The correlation between Nerdwallet 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 Nerdwallet 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 Nerdwallet. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

For more information on how to buy Nerdwallet Stock please use our How to Invest in Nerdwallet guide.

Moving together with Nerdwallet Stock

0.82	OB	Outbrain	Pair Corr
0.8	DOYU	DouYu International Earnings Call This Week	Pair Corr
0.87	WBTN	WEBTOON Entertainment	Pair Corr
0.83	DJT	Trump Media Technology Symbol Change	Pair Corr
0.81	MAX	MediaAlpha	Pair Corr
0.92	MNY	MoneyHero Limited Class	Pair Corr
0.64	RUM	Rumble Inc	Pair Corr
0.87	SLE	Super League Enterprise Earnings Call This Week	Pair Corr
0.78	GETY	Getty Images Holdings	Pair Corr
0.91	GOOG	Alphabet Class C	Pair Corr
0.93	YELP	Yelp Inc	Pair Corr
0.65	ZDGE	Zedge Inc	Pair Corr
0.63	SEATW	Vivid Seats Warrant	Pair Corr
0.63	IZEA	IZEA Inc	Pair Corr
0.79	KIND	Nextdoor Holdings	Pair Corr
0.65	LCFY	Locafy Upward Rally	Pair Corr

Moving against Nerdwallet Stock

0.85	GIFT	RDE, Inc Symbol Change	Pair Corr
0.81	ZH	Zhihu Inc ADR Earnings Call This Week	Pair Corr
0.79	EVER	EverQuote Class A	Pair Corr
0.78	BZ	Kanzhun Ltd ADR	Pair Corr
0.72	CCG	Cheche Group Class	Pair Corr
0.61	YY	YY Inc Class	Pair Corr
0.59	TME	Tencent Music Entert	Pair Corr
0.53	WB	Weibo Corp	Pair Corr
0.46	IAC	IAC Inc	Pair Corr
0.62	JFIN	Jiayin Group Trending	Pair Corr
0.33	ONFOW	Onfolio Holdings Warrant	Pair Corr

Related Correlations Analysis

	SLM	IX	FCFS	MFIN	OPRT	EZPW	NAVI	ENVA	MGI
SLM		-0.49	0.73	-0.76	0.87	0.79	0.04	0.31	0.0	SLM
IX	-0.49		-0.34	0.7	-0.5	-0.38	0.37	0.02	0.0	IX
FCFS	0.73	-0.34		-0.65	0.68	0.8	0.14	0.25	0.0	FCFS
MFIN	-0.76	0.7	-0.65		-0.83	-0.77	0.28	-0.06	0.0	MFIN
OPRT	0.87	-0.5	0.68	-0.83		0.87	-0.02	0.01	0.0	OPRT
EZPW	0.79	-0.38	0.8	-0.77	0.87		-0.03	0.03	0.0	EZPW
NAVI	0.04	0.37	0.14	0.28	-0.02	-0.03		0.3	0.0	NAVI
ENVA	0.31	0.02	0.25	-0.06	0.01	0.03	0.3		0.0	ENVA
MGI	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		MGI
	SLM	IX	FCFS	MFIN	OPRT	EZPW	NAVI	ENVA	MGI

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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

OPRT	+ 0.87	SLM
EZPW	+ 0.87	OPRT
EZPW	+ 0.8	FCFS
EZPW	+ 0.79	SLM
FCFS	+ 0.73	SLM
MFIN	+ 0.7	IX

High negative correlations

OPRT	- 0.83	MFIN
EZPW	- 0.77	MFIN
MFIN	- 0.76	SLM
MFIN	- 0.65	FCFS
OPRT	- 0.5	IX
IX	- 0.49	SLM

Risk-Adjusted Indicators

There is a big difference between Nerdwallet Stock performing well and Nerdwallet 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 Nerdwallet'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
SLM	1.37	0.27	0.16	0.17	1.45	(1.50)	3.25	(2.88)	8.92
IX	0.98	0.01	0.00	(0.08)	0.00	0.00	1.82	(2.17)	7.70
FCFS	0.99	0.18	0.16	0.23	1.24	(1.04)	2.41	(2.20)	6.71
MFIN	1.67	(0.10)	0.00	(0.21)	0.00	0.00	2.74	(3.87)	11.14
OPRT	3.67	0.88	0.16	0.35	3.89	(3.89)	12.20	(7.22)	29.43
EZPW	1.24	0.26	0.24	0.41	1.06	(1.53)	3.45	(1.92)	10.95
NAVI	1.52	(0.06)	0.00	(0.15)	0.00	0.00	2.47	(3.48)	9.49
ENVA	1.68	0.03	0.00	(0.08)	0.00	0.00	3.54	(3.25)	8.86
MGI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Nerdwallet Corporate Management

Lauren Waugh	Chief Officer	Profile
Caitlin MacNamee	Investor Officer	Profile
Tim Chen	Chairman Cofounder	Profile
Alison McCoy	Vice Marketing	Profile
Kevin Yuann	Chief Officer	Profile
Nicholas Tatum	Chief Controller	Profile
Ekumene Lysonge	Chief Secretary	Profile

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