Nuvve Holding Correlations
NVVE Stock | USD 3.23 0.36 12.54% |
The current 90-days correlation between Nuvve Holding Corp and IMedia Brands is -0.07 (i.e., Good diversification). The correlation of Nuvve Holding 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.
Nuvve Holding Correlation With Market
Average diversification
The correlation between Nuvve Holding Corp and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nuvve Holding Corp and DJI in the same portfolio, assuming nothing else is changed.
Nuvve |
Moving together with Nuvve Stock
0.79 | JBDI | JBDI Holdings Limited | PairCorr |
0.69 | CHPT | ChargePoint Holdings | PairCorr |
0.82 | EBET | Ebet Inc | PairCorr |
0.62 | FIGS | Figs Inc Downward Rally | PairCorr |
0.82 | AVY | Avery Dennison Corp | PairCorr |
0.61 | CCK | Crown Holdings | PairCorr |
0.73 | CYD | China Yuchai Interna | PairCorr |
0.67 | FRZA | Forza X1 | PairCorr |
0.66 | IPW | iPower Inc | PairCorr |
0.74 | IVP | Inspire Veterinary | PairCorr |
Moving against Nuvve Stock
0.8 | ZOOZ | ZOOZ Power | PairCorr |
0.75 | VSTO | Vista Outdoor | PairCorr |
0.67 | IP | International Paper | PairCorr |
0.63 | ZOOZW | ZOOZ Power | PairCorr |
0.62 | DRVN | Driven Brands Holdings | PairCorr |
0.57 | SW | Smurfit WestRock plc | PairCorr |
0.53 | FLUT | Flutter Entertainment plc | PairCorr |
0.51 | WBUY | WEBUY GLOBAL LTD | PairCorr |
0.46 | DXYN | Dixie Group | PairCorr |
0.41 | EFOI | Energy Focu | PairCorr |
0.31 | ELYS | Elys Game Technology | PairCorr |
0.71 | PKG | Packaging Corp Fiscal Year End 22nd of January 2025 | PairCorr |
0.7 | KRT | Karat Packaging | PairCorr |
0.68 | MLR | Miller Industries | PairCorr |
0.68 | NCL | Northann Corp | PairCorr |
0.62 | KAR | KAR Auction Services | PairCorr |
0.42 | GEF | Greif Bros | PairCorr |
0.4 | KFS | Kingsway Financial | PairCorr |
Related Correlations Analysis
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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 Nuvve Stock performing well and Nuvve Holding 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 Nuvve Holding'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
CHPT | 3.56 | (0.14) | 0.00 | (0.83) | 0.00 | 7.26 | 19.53 | |||
WOOF | 4.13 | (0.11) | 0.00 | (0.05) | 0.00 | 10.36 | 25.95 | |||
ULTA | 1.61 | 0.12 | 0.04 | (1.82) | 1.63 | 4.10 | 11.36 | |||
BBY | 1.27 | (0.18) | 0.00 | 7.01 | 0.00 | 2.21 | 8.78 | |||
DKS | 1.63 | 0.10 | 0.04 | 0.45 | 1.90 | 3.84 | 9.12 | |||
MSSV | 10.91 | 1.89 | 0.10 | (0.83) | 11.14 | 22.11 | 168.80 | |||
TLF | 1.57 | 0.20 | 0.09 | 2.31 | 1.51 | 3.02 | 23.47 | |||
PKIUF | 1.37 | (0.20) | 0.00 | (0.24) | 0.00 | 2.62 | 14.56 | |||
EVGOW | 11.22 | 2.80 | 0.30 | 1.93 | 8.31 | 27.94 | 190.01 |
Nuvve Holding Corporate Management
Gregory Poilasne | Chairman CoFounder | Profile | |
David Robson | Chief Officer | Profile | |
Patrick Enunwaonye | Vice Compliance | Profile | |
Neeta Toprani | General Secretary | Profile | |
David Bercik | Senior GSA | Profile | |
Xavier Moreau | Executive Development | Profile |