Nasdaq Correlations

Stocks . USA . 
Stock . Nasdaq Inc
NDAQ Stock  USD 89.37  0.58  0.64%   
The current 90-days correlation between Nasdaq Inc and CME Group is 0.16 (i.e., Average diversification). The correlation of Nasdaq 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.

Nasdaq Correlation With Market

Poor diversification

The correlation between Nasdaq Inc and DJI is 0.77 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nasdaq Inc and DJI in the same portfolio, assuming nothing else is changed.
  
Build AI portfolio with Nasdaq Stock
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nasdaq Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with Nasdaq Stock

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  0.87SPGI SP GlobalPairCorr
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  0.84AC Associated CapitalPairCorr
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  0.98CM Canadian Imperial BankPairCorr
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  0.96GS Goldman Sachs GroupPairCorr
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  0.98KB KB Financial Group Earnings Call TomorrowPairCorr
  0.8LC LendingClub CorpPairCorr

Moving against Nasdaq Stock

  0.63VALU Value LinePairCorr
  0.66EG Everest GroupPairCorr
  0.66FG FG Annuities LifePairCorr
  0.4LX Lexinfintech HoldingsPairCorr
  0.35PX P10 IncPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Nasdaq Stock performing well and Nasdaq 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 Nasdaq'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.

Nasdaq Corporate Management

Michelle DalyController VPProfile
Ato GarrettSenior OfficerProfile
Brendan BrothersExecutive TechnologyProfile
Emily SpurlingStrategic VPProfile
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