Nelnet Correlations

NNI Stock

USD 119.63 0.43 0.36%

The current 90-days correlation between Nelnet Inc and Federal Agricultural Mortgage is 0.73 (i.e., Poor diversification). The correlation of Nelnet 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.

Nelnet Correlation With Market

Very weak diversification

The correlation between Nelnet Inc 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 Nelnet Inc and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Nelnet Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nelnet 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 board of governors.

Moving together with Nelnet Stock

0.92	GS	Goldman Sachs Group	Pair Corr
0.95	AXP	American Express	Pair Corr
0.9	COF	Capital One Financial Earnings Call This Week	Pair Corr
0.82	SCM	Stellus Capital Inve	Pair Corr
0.82	GAIN	Gladstone Investment	Pair Corr
0.88	GLAD	Gladstone Capital	Pair Corr
0.79	HTGC	Hercules Capital	Pair Corr
0.81	MAIN	Main Street Capital	Pair Corr
0.81	OPFI	OppFi Inc	Pair Corr
0.81	PFLT	PennantPark Floating Rate	Pair Corr
0.87	PYPL	PayPal Holdings Aggressive Push	Pair Corr
0.92	ALLY	Ally Financial	Pair Corr
0.9	ARCC	Ares Capital	Pair Corr
0.89	TPVG	Triplepoint Venture	Pair Corr
0.9	TSLX	Sixth Street Specialty	Pair Corr
0.85	CSWC	Capital Southwest	Pair Corr
0.9	C	Citigroup Aggressive Push	Pair Corr
0.89	L	Loews Corp	Pair Corr
0.91	DHIL	Diamond Hill Investment	Pair Corr
0.73	AB	AllianceBernstein Earnings Call This Week	Pair Corr
0.81	AC	Associated Capital	Pair Corr
0.9	AX	Axos Financial	Pair Corr
0.89	BK	Bank of New York	Pair Corr
0.89	BN	Brookfield Corp	Pair Corr
0.83	BX	Blackstone Group Normal Trading	Pair Corr
0.8	BY	Byline Bancorp Earnings Call This Week	Pair Corr
0.92	CG	Carlyle Group Earnings Call This Week	Pair Corr
0.9	CM	Canadian Imperial Bank	Pair Corr
0.9	DB	Deutsche Bank AG Earnings Call This Week	Pair Corr
0.81	HG	Hamilton Insurance Group,	Pair Corr
0.83	IX	Orix Corp Ads	Pair Corr

Moving against Nelnet Stock

0.39	PSEC	Prospect Capital	Pair Corr
0.72	FG	FG Annuities Life	Pair Corr
0.51	EG	Everest Group	Pair Corr

Related Correlations Analysis

	IX	AGM	FCFS	SLM	NAVI	WRLD	NPO	NBHC	HLI
IX		0.6	0.57	0.69	0.89	0.94	0.88	0.78	0.84	IX
AGM	0.6		0.43	0.71	0.73	0.76	0.7	0.54	0.6	AGM
FCFS	0.57	0.43		0.52	0.63	0.54	0.48	0.54	0.53	FCFS
SLM	0.69	0.71	0.52		0.87	0.78	0.87	0.71	0.86	SLM
NAVI	0.89	0.73	0.63	0.87		0.94	0.93	0.89	0.94	NAVI
WRLD	0.94	0.76	0.54	0.78	0.94		0.93	0.81	0.9	WRLD
NPO	0.88	0.7	0.48	0.87	0.93	0.93		0.8	0.94	NPO
NBHC	0.78	0.54	0.54	0.71	0.89	0.81	0.8		0.9	NBHC
HLI	0.84	0.6	0.53	0.86	0.94	0.9	0.94	0.9		HLI
	IX	AGM	FCFS	SLM	NAVI	WRLD	NPO	NBHC	HLI

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Nelnet Stock performing well and Nelnet 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 Nelnet'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
IX	0.88	0.29	0.12	(1.49)	0.77	(1.01)	2.25	(1.64)	6.41
AGM	1.45	(0.08)	(0.04)	0.05	2.15	(1.55)	2.72	(2.71)	14.41
FCFS	0.97	0.08	0.01	0.31	0.85	(1.09)	2.32	(1.46)	11.39
SLM	1.34	0.22	0.15	0.33	1.18	(1.51)	3.53	(2.39)	6.78
NAVI	1.61	0.24	0.13	0.35	1.63	(1.69)	3.80	(2.70)	8.05
WRLD	1.82	0.31	0.14	0.38	2.09	(2.01)	4.05	(3.08)	13.80
NPO	1.63	0.34	0.21	0.38	1.37	(1.85)	3.94	(2.58)	10.10
NBHC	1.24	0.12	0.05	0.29	1.54	(1.40)	2.65	(2.48)	8.68
HLI	1.06	0.23	0.20	0.35	0.84	(1.28)	2.66	(2.01)	9.17

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC