NIKE Correlations

NKE Stock

13.36 0.37 2.69%

The current 90-days correlation between NIKE Inc CDR and Royal Bank of is 0.31 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as NIKE moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if NIKE Inc CDR moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

NIKE Correlation With Market

Very weak diversification

The correlation between NIKE Inc CDR and DJI is 0.54 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding NIKE Inc CDR and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to NIKE could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NIKE when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back NIKE - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling NIKE Inc CDR to buy it.

Moving together with NIKE Stock

0.86	JPM	JPMorgan Chase Earnings Call Today	Pair Corr
0.74	GOOG	Alphabet CDR Earnings Call This Week	Pair Corr
0.81	BOFA	Bank of America Earnings Call Tomorrow	Pair Corr
0.87	CITI	CITIGROUP CDR Earnings Call Today	Pair Corr
0.77	MSFT	Microsoft Corp CDR	Pair Corr
0.81	AMZN	Amazon CDR	Pair Corr
0.89	GS	GOLDMAN SACHS CDR Earnings Call Tomorrow	Pair Corr
0.77	IBM	International Business	Pair Corr
0.82	PWF-PZ	Power Financial Corp	Pair Corr
0.71	MXG	Maxim Power Corp	Pair Corr
0.8	RKV	Rakovina Therapeutics Split	Pair Corr
0.62	MUR	Murchison Minerals Split	Pair Corr
0.87	RCI-A	Rogers Communications Earnings Call This Week	Pair Corr
0.75	LNR	Linamar	Pair Corr
0.73	ET	Evertz Technologies	Pair Corr
0.61	KEG-UN	Keg Royalties	Pair Corr
0.65	CBA	Champion Bear Resources	Pair Corr
0.79	AUAU	Allegiant Gold Split	Pair Corr

Moving against NIKE Stock

0.71

BRK

Berkshire Hathaway CDR

Pair Corr

Related Correlations Analysis

	LB	DCM	GH	ELF-PF	RY-PM	IPO	EFN	FRNT
LB		0.48	0.98	0.95	0.79	0.89	0.89	0.62	LB
DCM	0.48		0.55	0.54	0.57	0.5	0.61	0.58	DCM
GH	0.98	0.55		0.94	0.79	0.92	0.9	0.64	GH
ELF-PF	0.95	0.54	0.94		0.83	0.78	0.94	0.66	ELF-PF
RY-PM	0.79	0.57	0.79	0.83		0.68	0.86	0.8	RY-PM
IPO	0.89	0.5	0.92	0.78	0.68		0.75	0.61	IPO
EFN	0.89	0.61	0.9	0.94	0.86	0.75		0.7	EFN
FRNT	0.62	0.58	0.64	0.66	0.8	0.61	0.7		FRNT
	LB	DCM	GH	ELF-PF	RY-PM	IPO	EFN	FRNT

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Risk-Adjusted Indicators

There is a big difference between NIKE Stock performing well and NIKE 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 NIKE'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
LB	0.64	0.32	0.00	(0.96)	0.50	(0.72)	1.20	(0.87)	7.57
DCM	2.01	0.15	(0.06)	(1.03)	1.89	(3.62)	6.08	(3.47)	24.70
GH	0.89	0.45	0.10	(1.34)	0.81	(1.03)	2.31	(1.35)	4.68
ELF-PF	0.36	0.10	(0.28)	3.54	0.08	(0.50)	1.01	(0.70)	2.26
RY-PM	0.23	0.05	(0.48)	0.74	0.00	(0.29)	0.82	(0.36)	2.29
IPO	2.36	0.57	0.06	(0.78)	2.56	(2.56)	6.01	(4.87)	15.63
EFN	0.91	0.34	0.05	(1.83)	0.81	(1.09)	2.42	(1.12)	5.10
FRNT	3.38	0.60	0.07	1.94	3.22	(6.28)	9.52	(6.67)	26.67

Be your own money manager

Our tools can tell you how much better you can do entering a position in NIKE without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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NIKE Corporate Management

Elected by the shareholders, the NIKE's board of directors comprises two types of representatives: NIKE inside directors who are chosen from within the company, and outside directors, selected externally and held independent of NIKE. The board's role is to monitor NIKE's management team and ensure that shareholders' interests are well served. NIKE's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, NIKE's outside directors are responsible for providing unbiased perspectives on the board's policies.

Rob Leinwand	EVP Officer	Profile
Johanna Nielsen	VP Officer	Profile
Paul CFA	VP Treasurer	Profile
Monique Matheson	Executive Officer	Profile
Heidi ONeill	NonExecutive Employee	Profile

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