National Rural Correlations

NRUC Stock

USD 24.47 0.04 0.16%

The current 90-days correlation between National Rural Utilities and Freedom Bank of is 0.12 (i.e., Average diversification). The correlation of National Rural 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.

National Rural Correlation With Market

Average diversification

The correlation between National Rural Utilities and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding National Rural Utilities 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 National Rural Utilities. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.

Moving together with National Stock

0.63	FAAS	DigiAsia Corp Symbol Change	Pair Corr
0.61	STSSW	Sharps Technology Warrant	Pair Corr
0.66	AQUNR	Aquaron Acquisition Corp	Pair Corr

Moving against National Stock

0.75	FLYW	Flywire Corp	Pair Corr
0.62	RCB	Ready Capital	Pair Corr
0.59	EVTC	Evertec	Pair Corr
0.56	DLO	Dlocal	Pair Corr
0.51	HCXY	Hercules Capital	Pair Corr
0.45	DISTR	Distoken Acquisition	Pair Corr
0.31	GEGGL	Great Elm Group	Pair Corr
0.83	NEWTG	NewtekOne, 850 percent	Pair Corr
0.71	MACI	Melar Acquisition Corp	Pair Corr
0.68	RWAYL	MSCI ACWI exAUCONSUMER	Pair Corr
0.64	ATMCR	AlphaTime Acquisition	Pair Corr
0.57	LPAA	Launch One Acquisition	Pair Corr
0.49	OXSQG	Oxford Square Capital	Pair Corr
0.49	ATMVR	AlphaVest Acquisition	Pair Corr
0.47	MHLA	Maiden Holdings	Pair Corr
0.46	MARXR	Mars Acquisition Corp	Pair Corr
0.44	ABLLL	Abacus Life, 9875	Pair Corr
0.76	PAYO	Payoneer Global	Pair Corr
0.75	RFAI	RF Acquisition Corp	Pair Corr

Related Correlations Analysis

	FDVA	444859BR2	BRRAY	MSTSX	LBHIX	VIASP	XTWO	KNF	70082LAB3	AMPL
FDVA		-0.15	-0.4	0.61	0.61	-0.11	0.16	0.21	-0.03	-0.04	FDVA
444859BR2	-0.15		0.22	-0.42	-0.36	-0.41	0.32	-0.54	-0.43	-0.29	444859BR2
BRRAY	-0.4	0.22		-0.27	-0.13	0.18	-0.09	0.01	0.27	0.16	BRRAY
MSTSX	0.61	-0.42	-0.27		0.67	0.08	-0.12	0.58	0.23	0.37	MSTSX
LBHIX	0.61	-0.36	-0.13	0.67		0.48	-0.05	0.62	0.4	0.31	LBHIX
VIASP	-0.11	-0.41	0.18	0.08	0.48		-0.33	0.72	0.71	0.29	VIASP
XTWO	0.16	0.32	-0.09	-0.12	-0.05	-0.33		-0.47	-0.7	-0.04	XTWO
KNF	0.21	-0.54	0.01	0.58	0.62	0.72	-0.47		0.79	0.34	KNF
70082LAB3	-0.03	-0.43	0.27	0.23	0.4	0.71	-0.7	0.79		0.21	70082LAB3
AMPL	-0.04	-0.29	0.16	0.37	0.31	0.29	-0.04	0.34	0.21		AMPL
	FDVA	444859BR2	BRRAY	MSTSX	LBHIX	VIASP	XTWO	KNF	70082LAB3	AMPL

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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

70082LAB3	+ 0.79	KNF
KNF	+ 0.72	VIASP
70082LAB3	+ 0.71	VIASP
LBHIX	+ 0.67	MSTSX
KNF	+ 0.62	LBHIX
MSTSX	+ 0.61	FDVA

High negative correlations

70082LAB3	- 0.7	XTWO
KNF	- 0.54	444859BR2
KNF	- 0.47	XTWO
70082LAB3	- 0.43	444859BR2
MSTSX	- 0.42	444859BR2
VIASP	- 0.41	444859BR2

Risk-Adjusted Indicators

There is a big difference between National Stock performing well and National Rural 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 Rural'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
FDVA	0.75	0.14	0.01	(1.69)	0.88	(1.01)	2.38	(1.40)	7.21
444859BR2	1.39	(0.06)	0.00	(0.39)	0.00	0.00	5.93	(5.79)	16.62
BRRAY	1.27	(0.14)	0.00	0.01	0.00	0.00	0.00	(2.98)	34.02
MSTSX	0.45	(0.01)	(0.11)	0.10	0.39	(0.59)	1.21	(0.84)	2.80
LBHIX	0.10	0.01	(0.41)	0.24	0.00	(0.25)	0.24	(0.24)	0.71
VIASP	0.75	0.10	(0.02)	(1.58)	1.11	(0.81)	2.28	(1.20)	7.18
XTWO	0.08	(0.01)	0.00	1.07	0.00	0.00	0.14	(0.12)	0.55
KNF	1.51	0.27	0.16	0.25	1.73	(1.59)	2.77	(2.46)	12.78
70082LAB3	0.70	0.09	(0.03)	(0.69)	0.99	(0.84)	1.75	(1.19)	6.86
AMPL	4.68	0.13	0.01	0.33	6.62	(4.89)	10.34	(10.18)	36.78

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