Nu Holdings Correlations

NU Stock

USD 13.53 0.41 2.94%

The current 90-days correlation between Nu Holdings and Citigroup is 0.28 (i.e., Modest diversification). The correlation of Nu Holdings 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.

Nu Holdings Correlation With Market

Weak diversification

The correlation between Nu Holdings and DJI is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nu Holdings 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 Nu Holdings. 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.

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

Related Correlations Analysis

	JPM	C	WFC	TD	BAC	RY	HSBC	UBS	BCS
JPM		0.92	0.97	-0.78	0.97	0.35	0.65	0.63	0.89	JPM
C	0.92		0.93	-0.62	0.94	0.38	0.75	0.7	0.89	C
WFC	0.97	0.93		-0.8	0.99	0.47	0.71	0.69	0.92	WFC
TD	-0.78	-0.62	-0.8		-0.73	-0.3	-0.44	-0.61	-0.71	TD
BAC	0.97	0.94	0.99	-0.73		0.48	0.69	0.64	0.91	BAC
RY	0.35	0.38	0.47	-0.3	0.48		0.38	0.43	0.47	RY
HSBC	0.65	0.75	0.71	-0.44	0.69	0.38		0.56	0.74	HSBC
UBS	0.63	0.7	0.69	-0.61	0.64	0.43	0.56		0.8	UBS
BCS	0.89	0.89	0.92	-0.71	0.91	0.47	0.74	0.8		BCS
	JPM	C	WFC	TD	BAC	RY	HSBC	UBS	BCS

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

BAC	+ 0.99	WFC
WFC	+ 0.97	JPM
BAC	+ 0.97	JPM
BAC	+ 0.94	C
WFC	+ 0.93	C
C	+ 0.92	JPM

High negative correlations

TD	- 0.8	WFC
TD	- 0.78	JPM
BAC	- 0.73	TD
BCS	- 0.71	TD
TD	- 0.62	C
UBS	- 0.61	TD

Risk-Adjusted Indicators

There is a big difference between Nu Holdings Stock performing well and Nu Holdings 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 Nu Holdings' 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
JPM	1.12	(0.01)	0.06	0.12	1.42	(1.19)	2.05	(2.00)	15.87
C	1.41	(0.03)	0.05	0.11	1.43	(1.67)	3.56	(1.97)	10.33
WFC	1.52	0.24	0.21	0.24	1.31	(1.76)	3.60	(2.18)	16.76
TD	0.76	(0.13)	0.00	(0.15)	0.00	0.00	1.54	(1.40)	8.21
BAC	1.08	0.10	0.17	0.19	0.66	(1.36)	2.19	(1.41)	9.84
RY	0.68	0.07	(0.01)	0.30	0.54	(0.79)	1.69	(0.90)	4.27
HSBC	0.97	0.05	(0.01)	0.22	1.36	(0.95)	2.03	(2.34)	6.87
UBS	1.13	(0.15)	(0.07)	0.00	1.62	(1.11)	2.10	(2.65)	7.85
BCS	1.69	(0.07)	0.00	0.08	2.14	(1.68)	3.35	(3.62)	10.17

Nu Holdings Corporate Management

Suzana Kubric	Chief Officer	Profile
Guilherme Lago	Chief Officer	Profile
Livia Chanes	Chief Brazil	Profile
Jorg Friedemann	Investor Officer	Profile
Guilherme Vieira	MangInvestor Relations	Profile
Cristina Junqueira	CoFounder Officer	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC