Nisun International Correlations

NISN Stock

USD 3.36 0.21 5.88%

A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Nisun International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nisun International Enterprise moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Nisun International Correlation With Market

Very weak diversification

The correlation between Nisun International Enterprise and DJI is 0.41 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nisun International Enterprise and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Nisun Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nisun International Enterprise. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

Moving together with Nisun Stock

0.78	GPN	Global Payments	Pair Corr
0.86	SGRP	SPAR Group	Pair Corr
0.83	G	Genpact Limited	Pair Corr
0.68	EH	Ehang Holdings	Pair Corr
0.82	GP	GreenPower Motor Earnings Call Next Week	Pair Corr
0.83	HI	Hillenbrand	Pair Corr
0.63	KC	Kingsoft Cloud Holdings	Pair Corr
0.89	MG	Mistras Group	Pair Corr

Moving against Nisun Stock

0.8	YSXT	YSX Tech Co,	Pair Corr
0.8	AZ	A2Z Smart Technologies	Pair Corr
0.79	CW	Curtiss Wright	Pair Corr
0.79	DY	Dycom Industries	Pair Corr
0.74	BV	BrightView Holdings	Pair Corr
0.74	CP	Canadian Pacific Railway	Pair Corr
0.71	TH	Target Hospitality Corp	Pair Corr
0.66	AP	Ampco Pittsburgh	Pair Corr
0.65	ARMK	Aramark Holdings	Pair Corr
0.63	CR	Crane Company	Pair Corr
0.61	BA	Boeing	Pair Corr
0.6	AL	Air Lease	Pair Corr
0.59	DE	Deere Company	Pair Corr
0.56	TRNS	Transcat	Pair Corr
0.54	AZZ	AZZ Incorporated	Pair Corr
0.49	J	Jacobs Solutions	Pair Corr
0.47	R	Ryder System Earnings Call Next Week	Pair Corr
0.31	BW	Babcock Wilcox Enter	Pair Corr
0.74	TT	Trane Technologies plc	Pair Corr
0.72	FA	First Advantage Corp	Pair Corr
0.61	GE	GE Aerospace	Pair Corr
0.59	TG	Tredegar	Pair Corr
0.58	GD	General Dynamics	Pair Corr
0.55	UP	Wheels Up Experience	Pair Corr
0.53	WM	Waste Management	Pair Corr
0.46	PL	Planet Labs PBC	Pair Corr
0.46	DLHC	DLH Holdings Corp	Pair Corr
0.42	PH	Parker Hannifin	Pair Corr

Related Correlations Analysis

	SNTG	YRD	LX	JT	LU	XYF	LMFA	DXF	SUNL
SNTG		0.52	0.43	0.0	0.53	0.49	0.47	0.12	0.0	SNTG
YRD	0.52		0.65	0.0	0.71	0.46	0.31	-0.18	0.0	YRD
LX	0.43	0.65		0.0	0.6	0.0	-0.04	0.14	0.0	LX
JT	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	JT
LU	0.53	0.71	0.6	0.0		0.6	0.54	-0.19	0.0	LU
XYF	0.49	0.46	0.0	0.0	0.6		0.67	-0.34	0.0	XYF
LMFA	0.47	0.31	-0.04	0.0	0.54	0.67		-0.12	0.0	LMFA
DXF	0.12	-0.18	0.14	0.0	-0.19	-0.34	-0.12		0.0	DXF
SUNL	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		SUNL
	SNTG	YRD	LX	JT	LU	XYF	LMFA	DXF	SUNL

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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

LU	+ 0.71	YRD
LMFA	+ 0.67	XYF
LX	+ 0.65	YRD
LU	+ 0.6	LX
XYF	+ 0.6	LU
LMFA	+ 0.54	LU

High negative correlations

DXF	- 0.34	XYF
DXF	- 0.19	LU
DXF	- 0.18	YRD
DXF	- 0.12	LMFA
LMFA	- 0.04	LX
SUNL	- 0.0	DXF

Risk-Adjusted Indicators

There is a big difference between Nisun Stock performing well and Nisun International 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 Nisun International'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
SNTG	2.85	(0.01)	0.00	(0.15)	0.00	0.00	5.16	(5.79)	22.58
YRD	3.43	(0.39)	0.00	(0.37)	0.00	0.00	6.89	(6.76)	27.13
LX	3.53	(0.55)	0.00	(0.35)	0.00	0.00	8.86	(9.23)	22.65
JT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
LU	2.63	(0.19)	0.00	(0.14)	0.00	0.00	5.76	(5.48)	18.08
XYF	4.40	0.61	0.11	0.65	5.01	(5.24)	9.87	(7.14)	35.06
LMFA	4.97	0.39	0.08	10.70	4.54	(6.92)	11.41	(7.54)	32.05
DXF	6.41	0.07	0.00	(0.02)	7.67	(7.81)	10.69	(11.14)	81.53
SUNL	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Nisun International Corporate Management

Changjuan Liang	Chief Officer	Profile
Xiao Jin	Financial Controller	Profile
Yingping Chen	Sec	Profile
Anne Fan	S Board	Profile
Xiaoliang Xue	Chief Officer	Profile
Jun Zheng	Chief Officer	Profile

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