NPK International Correlations
| NPKI Stock | 11.95 0.43 3.73% |
The current 90-days correlation between NPK International and Collins Foods Limited is -0.05 (i.e., Good diversification). The correlation of NPK International 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.
NPK International Correlation With Market
Weak diversification
The correlation between NPK International and DJI is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding NPK International and DJI in the same portfolio, assuming nothing else is changed.
Moving together with NPK Stock
| 0.87 | AXP | American Express | PairCorr |
| 0.81 | CAT | Caterpillar | PairCorr |
| 0.82 | INTC | Intel Aggressive Push | PairCorr |
| 0.87 | IBM | International Business | PairCorr |
Moving against NPK Stock
| 0.78 | T | ATT Inc | PairCorr |
| 0.49 | BA | Boeing | PairCorr |
| 0.39 | DIS | Walt Disney | PairCorr |
| 0.33 | FSTF | First State Financial | PairCorr |
| 0.32 | CVX | Chevron Corp Sell-off Trend | PairCorr |
Related Correlations Analysis
| 0.0 | 0.46 | 0.0 | -0.41 | -0.17 | 0.0 | NIPMY | ||
| 0.0 | 0.0 | 1.0 | 0.0 | 0.0 | 1.0 | ISOL | ||
| 0.46 | 0.0 | 0.0 | -0.62 | -0.37 | 0.0 | CLLFF | ||
| 0.0 | 1.0 | 0.0 | 0.0 | 0.0 | 1.0 | RFBC | ||
| -0.41 | 0.0 | -0.62 | 0.0 | 0.29 | 0.0 | SMSI | ||
| -0.17 | 0.0 | -0.37 | 0.0 | 0.29 | 0.0 | BRID | ||
| 0.0 | 1.0 | 0.0 | 1.0 | 0.0 | 0.0 | FIFG | ||
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between NPK Stock performing well and NPK 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 NPK 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| NIPMY | 0.81 | 0.43 | 0.00 | (0.26) | 0.00 | 0.00 | 26.47 | |||
| ISOL | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| CLLFF | 0.63 | 0.31 | 0.00 | 1.25 | 0.00 | 0.00 | 18.33 | |||
| RFBC | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| SMSI | 3.26 | (0.20) | 0.00 | (0.05) | 0.00 | 6.94 | 29.23 | |||
| BRID | 1.82 | 0.04 | 0.01 | (0.24) | 2.59 | 4.11 | 12.89 | |||
| FIFG | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
NPK International Corporate Management
| Douglas CPA | VP Treasurer | Profile | |
| Celeste Fruge | General VP | Profile | |
| David Paterson | Corporate Systems | Profile | |
| Lori Briggs | Executive Operations | Profile | |
| Nathan Snoke | Senior Hemisphere | Profile |