NN Correlations

NN Correlation With Market

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NN 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 bureau of labor statistics.

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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    CVGI + 0.91 MATW CVGI + 0.86 MPAA CVGI + 0.84 GFF MATW + 0.82 GFF CVGI + 0.78 FIP MATW + 0.76 FIP

High negative correlations    MATW - 0.78 SPLP CVGI - 0.71 SPLP GFF - 0.7 SPLP PKOH - 0.62 FIP PKOH - 0.51 MATW NWPX - 0.5 SPLP

Risk-Adjusted Indicators

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