Nuburu Correlations
| BURU Stock | 0.31 0.01 3.13% |
The current 90-days correlation between Nuburu Inc and Greenland Acquisition Corp is -0.14 (i.e., Good diversification). The correlation of Nuburu 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.
Nuburu Correlation With Market
Average diversification
The correlation between Nuburu Inc and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nuburu Inc and DJI in the same portfolio, assuming nothing else is changed.
Moving together with Nuburu Stock
| 0.78 | BW | Babcock Wilcox Enter | PairCorr |
| 0.68 | CR | Crane Company Earnings Call This Week | PairCorr |
| 0.8 | ATS | ATS Corporation | PairCorr |
| 0.63 | CXT | Crane NXT | PairCorr |
| 0.72 | EMR | Emerson Electric | PairCorr |
| 0.63 | ETN | Eaton PLC | PairCorr |
| 0.72 | GEV | GE Vernova LLC Buyout Trend | PairCorr |
| 0.79 | GHM | Graham | PairCorr |
| 0.67 | ITT | ITT Inc Earnings Call This Week | PairCorr |
| 0.81 | MIR | Mirion Technologies Earnings Call Next Week | PairCorr |
| 0.71 | NNE | Nano Nuclear Energy | PairCorr |
| 0.69 | NPO | Enpro Industries | PairCorr |
| 0.64 | PNR | Pentair PLC | PairCorr |
| 0.72 | ROK | Rockwell Automation | PairCorr |
| 0.61 | RRX | Regal Beloit Earnings Call This Week | PairCorr |
| 0.77 | SMR | Nuscale Power Corp Aggressive Push | PairCorr |
Moving against Nuburu Stock
| 0.65 | CSW | CSW Industrials, Symbol Change | PairCorr |
| 0.48 | ENOV | Enovis Corp | PairCorr |
| 0.55 | MWA | Mueller Water Products | PairCorr |
Related Correlations Analysis
| 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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Nuburu Stock performing well and Nuburu 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 Nuburu'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| JCSE | 3.55 | 0.34 | 0.02 | (4.81) | 4.15 | 7.48 | 49.51 | |||
| GTEC | 3.18 | 0.20 | 0.08 | 0.34 | 3.17 | 8.95 | 27.73 | |||
| LASE | 4.72 | (0.07) | 0.02 | 0.17 | 5.63 | 13.39 | 38.35 | |||
| SMAWF | 1.91 | 0.06 | 0.03 | 0.26 | 2.07 | 3.85 | 9.23 | |||
| OCEA | 9.68 | (3.57) | 0.00 | (3.90) | 0.00 | 19.29 | 99.75 | |||
| SMX | 6.31 | (1.28) | 0.00 | 0.69 | 0.00 | 12.94 | 84.53 | |||
| BFRG | 2.50 | (0.23) | 0.00 | (0.06) | 0.00 | 5.39 | 19.70 | |||
| GCTK | 6.32 | (0.07) | 0.01 | 0.17 | 9.20 | 15.14 | 59.67 |
Nuburu Corporate Management
| Andrew Dodd | CMSO | Profile | |
| Matthew Philpott | Chief Officer | Profile | |
| Brian Faircloth | Chief Officer | Profile | |
| Teresa Betancourt | Chief Officer | Profile | |
| Richard Knaley | Executive Officer | Profile |