Nuscale Power Correlations

SMR Stock

USD 23.08 1.63 6.60%

The current 90-days correlation between Nuscale Power Corp and Nel ASA is 0.08 (i.e., Significant diversification). The correlation of Nuscale Power 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.

Nuscale Power Correlation With Market

Average diversification

The correlation between Nuscale Power Corp and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nuscale Power Corp and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Nuscale Power Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

Moving together with Nuscale Stock

0.78	CR	Crane Company	Pair Corr
0.77	PH	Parker Hannifin	Pair Corr
0.74	AME	Ametek Inc	Pair Corr
0.63	CMI	Cummins	Pair Corr
0.7	DCI	Donaldson	Pair Corr
0.76	DOV	Dover	Pair Corr
0.64	EMR	Emerson Electric	Pair Corr
0.65	GGG	Graco Inc	Pair Corr
0.74	ITT	ITT Inc	Pair Corr
0.7	KAI	Kadant Inc	Pair Corr
0.61	MWA	Mueller Water Products	Pair Corr

Moving against Nuscale Stock

0.58	CVV	CVD Equipment	Pair Corr
0.31	RR	Richtech Robotics Class	Pair Corr
0.58	XMTR	Xometry	Pair Corr

Related Correlations Analysis

	CMI	GTLS	GE	NLLSF	PH	ETN	DOV	ITW	EMR	ROK
CMI		0.11	0.2	0.08	0.59	0.41	0.66	0.56	0.52	0.49	CMI
GTLS	0.11		0.34	-0.8	-0.23	-0.35	-0.08	-0.44	-0.09	-0.02	GTLS
GE	0.2	0.34		-0.56	0.48	-0.47	0.54	-0.13	0.15	-0.17	GE
NLLSF	0.08	-0.8	-0.56		0.27	0.66	0.14	0.61	0.3	0.12	NLLSF
PH	0.59	-0.23	0.48	0.27		0.35	0.96	0.74	0.75	0.15	PH
ETN	0.41	-0.35	-0.47	0.66	0.35		0.25	0.7	0.52	0.26	ETN
DOV	0.66	-0.08	0.54	0.14	0.96	0.25		0.71	0.78	0.23	DOV
ITW	0.56	-0.44	-0.13	0.61	0.74	0.7	0.71		0.84	0.46	ITW
EMR	0.52	-0.09	0.15	0.3	0.75	0.52	0.78	0.84		0.43	EMR
ROK	0.49	-0.02	-0.17	0.12	0.15	0.26	0.23	0.46	0.43		ROK
	CMI	GTLS	GE	NLLSF	PH	ETN	DOV	ITW	EMR	ROK

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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

DOV	+ 0.96	PH
EMR	+ 0.84	ITW
EMR	+ 0.78	DOV
EMR	+ 0.75	PH
ITW	+ 0.74	PH
ITW	+ 0.71	DOV

High negative correlations

NLLSF	- 0.8	GTLS
NLLSF	- 0.56	GE
ETN	- 0.47	GE
ITW	- 0.44	GTLS
ETN	- 0.35	GTLS
PH	- 0.23	GTLS

Risk-Adjusted Indicators

There is a big difference between Nuscale Stock performing well and Nuscale Power 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 Nuscale Power'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
CMI	1.01	0.08	0.05	0.20	1.36	(1.01)	1.93	(2.15)	8.28
GTLS	1.81	0.25	0.09	0.20	2.44	(1.78)	4.11	(3.64)	11.72
GE	1.23	0.19	0.11	0.21	1.50	(1.35)	3.03	(2.42)	8.62
NLLSF	4.05	(0.53)	0.00	0.70	0.00	0.00	6.25	(7.14)	33.07
PH	0.94	0.01	0.01	0.02	1.12	(1.02)	1.77	(1.59)	7.31
ETN	1.30	(0.24)	0.00	(0.46)	0.00	0.00	2.99	(2.27)	19.37
DOV	0.77	0.01	0.00	0.01	0.99	(0.89)	1.71	(1.39)	6.13
ITW	0.73	(0.08)	0.00	(0.15)	0.00	0.00	1.58	(1.39)	4.12
EMR	1.05	(0.04)	0.00	(0.05)	0.00	0.00	2.06	(1.96)	6.51
ROK	1.22	0.14	0.12	0.25	1.01	(1.57)	2.70	(1.89)	13.73

Nuscale Power Corporate Management

Karin Feldman	Senior Delivery	Profile
Jack Bailey	Sr Devel	Profile
Charles Goodnight	Vice Sales	Profile
Robert Gamble	Senior Resources	Profile
Chris Colbert	Chief Officer	Profile
Jos Reyes	CTO Cofounder	Profile

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