Nukkleus Correlations

NUKK Stock

USD 14.53 0.38 2.69%

The current 90-days correlation between Nukkleus and Business Warrior is -0.02 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Nukkleus moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nukkleus moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Nukkleus Correlation With Market

Very good diversification

The correlation between Nukkleus and DJI is -0.31 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nukkleus 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 Nukkleus. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry.

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

Moving against Nukkleus Stock

0.4	U	Unity Software	Pair Corr
0.43	DBD	Diebold Nixdorf,	Pair Corr
0.41	API	Agora Inc	Pair Corr
0.38	IPM	Intelligent Protection Symbol Change	Pair Corr
0.36	ADP	Automatic Data Processing	Pair Corr
0.36	CYN	Cyngn Inc	Pair Corr

Related Correlations Analysis

	DUUO	ESKEF	NOGNW	DEQI	BZWR	TTCM	DRCR	FERN	AIAD
DUUO		0.43	0.0	-0.51	0.01	0.23	0.8	-0.03	0.32	DUUO
ESKEF	0.43		0.0	-0.85	0.34	0.1	0.58	0.71	0.69	ESKEF
NOGNW	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	NOGNW
DEQI	-0.51	-0.85	0.0		-0.34	-0.12	-0.62	-0.77	-0.8	DEQI
BZWR	0.01	0.34	0.0	-0.34		0.06	0.16	0.42	0.66	BZWR
TTCM	0.23	0.1	0.0	-0.12	0.06		0.07	0.02	0.19	TTCM
DRCR	0.8	0.58	0.0	-0.62	0.16	0.07		0.25	0.43	DRCR
FERN	-0.03	0.71	0.0	-0.77	0.42	0.02	0.25		0.73	FERN
AIAD	0.32	0.69	0.0	-0.8	0.66	0.19	0.43	0.73		AIAD
	DUUO	ESKEF	NOGNW	DEQI	BZWR	TTCM	DRCR	FERN	AIAD

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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

DRCR	+ 0.8	DUUO
AIAD	+ 0.73	FERN
FERN	+ 0.71	ESKEF
AIAD	+ 0.69	ESKEF
AIAD	+ 0.66	BZWR
DRCR	+ 0.58	ESKEF

High negative correlations

DEQI	- 0.85	ESKEF
AIAD	- 0.8	DEQI
FERN	- 0.77	DEQI
DRCR	- 0.62	DEQI
DEQI	- 0.51	DUUO
BZWR	- 0.34	DEQI

Risk-Adjusted Indicators

There is a big difference between Nukkleus Stock performing well and Nukkleus 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 Nukkleus' 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
DUUO	1.49	(0.67)	0.00	(0.87)	0.00	0.00	0.00	0.00	50.00
ESKEF	0.25	(0.10)	0.00	(5.57)	0.00	0.00	0.00	0.00	8.22
NOGNW	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
DEQI	5.97	3.23	0.00	1.56	0.00	0.00	0.00	0.00	200.00
BZWR	12.36	3.98	0.00	(4.21)	0.00	0.00	20.00	0.00	340.00
TTCM	3.01	0.75	0.00	22.59	0.00	0.00	0.00	0.00	150.00
DRCR	8.40	(0.17)	0.00	(0.24)	0.00	0.00	15.91	(17.27)	44.42
FERN	9.96	0.06	0.01	0.20	11.27	(21.97)	25.00	(20.00)	70.00
AIAD	14.21	2.02	0.10	0.59	15.36	(19.75)	40.00	(22.73)	142.31

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