Nerdwallet Correlations

NRDS Stock

USD 10.28 0.10 0.96%

The current 90-days correlation between Nerdwallet and AvidXchange Holdings is 0.85 (i.e., Very poor diversification). The correlation of Nerdwallet 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Nerdwallet Correlation With Market

Weak diversification

The correlation between Nerdwallet and DJI is 0.33 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nerdwallet and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Nerdwallet Stock

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

For more information on how to buy Nerdwallet Stock please use our How to Invest in Nerdwallet guide.

Moving together with Nerdwallet Stock

0.83	BZ	Kanzhun Ltd ADR	Pair Corr
0.7	EB	Eventbrite Class A	Pair Corr
0.68	WB	Weibo Corp	Pair Corr
0.62	FENG	Phoenix New Media	Pair Corr
0.7	IAC	IAC Inc	Pair Corr
0.85	MAX	MediaAlpha	Pair Corr
0.83	RUM	Rumble Inc	Pair Corr
0.67	TME	Tencent Music Entert	Pair Corr
0.66	IZEA	IZEA Inc	Pair Corr
0.63	JFIN	Jiayin Group	Pair Corr
0.81	META	Meta Platforms	Pair Corr
0.73	NBIS	Nebius Group NV Symbol Change	Pair Corr

Moving against Nerdwallet Stock

0.72	SLE	Super League Enterprise	Pair Corr
0.47	CCG	Cheche Group Class Earnings Call This Week	Pair Corr
0.4	GENI	Genius Sports	Pair Corr
0.78	GIBO	Global IBO Group	Pair Corr
0.58	NAMI	Jinxin Technology Holding	Pair Corr
0.53	ONFO	Onfolio Holdings	Pair Corr
0.46	SEATW	Vivid Seats Warrant	Pair Corr

Related Correlations Analysis

	AVDX	BIRD	BRZE	EXFY	FCFS	GDOT	LPRO	NAVI	OPRT	UDMY
AVDX		0.69	0.12	-0.79	0.4	0.84	0.91	0.83	0.91	0.67	AVDX
BIRD	0.69		-0.54	-0.63	0.45	0.81	0.83	0.8	0.7	0.39	BIRD
BRZE	0.12	-0.54		-0.09	-0.23	-0.2	-0.1	-0.16	0.03	0.39	BRZE
EXFY	-0.79	-0.63	-0.09		0.03	-0.66	-0.76	-0.62	-0.68	-0.57	EXFY
FCFS	0.4	0.45	-0.23	0.03		0.59	0.49	0.63	0.49	0.21	FCFS
GDOT	0.84	0.81	-0.2	-0.66	0.59		0.89	0.92	0.87	0.54	GDOT
LPRO	0.91	0.83	-0.1	-0.76	0.49	0.89		0.93	0.87	0.56	LPRO
NAVI	0.83	0.8	-0.16	-0.62	0.63	0.92	0.93		0.84	0.49	NAVI
OPRT	0.91	0.7	0.03	-0.68	0.49	0.87	0.87	0.84		0.67	OPRT
UDMY	0.67	0.39	0.39	-0.57	0.21	0.54	0.56	0.49	0.67		UDMY
	AVDX	BIRD	BRZE	EXFY	FCFS	GDOT	LPRO	NAVI	OPRT	UDMY

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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

NAVI	+ 0.93	LPRO
NAVI	+ 0.92	GDOT
LPRO	+ 0.91	AVDX
OPRT	+ 0.91	AVDX
LPRO	+ 0.89	GDOT
OPRT	+ 0.87	GDOT

High negative correlations

EXFY	- 0.79	AVDX
LPRO	- 0.76	EXFY
OPRT	- 0.68	EXFY
GDOT	- 0.66	EXFY
EXFY	- 0.63	BIRD
NAVI	- 0.62	EXFY

Risk-Adjusted Indicators

There is a big difference between Nerdwallet Stock performing well and Nerdwallet 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 Nerdwallet'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
AVDX	0.92	0.30	0.31	0.61	0.00	(1.31)	2.82	(1.20)	19.09
BIRD	4.85	1.10	0.24	0.62	4.69	(5.74)	12.14	(8.03)	36.04
BRZE	2.18	(0.08)	(0.01)	0.06	3.97	(2.03)	3.79	(5.06)	24.95
EXFY	2.71	(0.44)	0.00	(0.28)	0.00	0.00	5.02	(5.18)	30.35
FCFS	0.97	0.08	0.01	0.31	0.85	(1.09)	2.32	(1.46)	11.39
GDOT	2.25	0.49	0.17	1.01	1.96	(2.52)	4.70	(3.96)	30.70
LPRO	4.50	1.24	0.44	0.53	2.88	(6.20)	15.52	(5.43)	29.78
NAVI	1.61	0.24	0.13	0.35	1.63	(1.69)	3.80	(2.70)	8.05
OPRT	3.79	0.55	0.14	0.62	3.61	(4.48)	8.62	(6.45)	18.15
UDMY	1.79	0.03	0.04	0.15	1.98	(1.95)	4.75	(3.15)	13.30

Nerdwallet Corporate Management

Lauren Waugh	Chief Officer	Profile
Caitlin MacNamee	Investor Officer	Profile
Jeanette Margle	Head Content	Profile
Tim Chen	Chairman Cofounder	Profile
Alison McCoy	Vice Marketing	Profile
Kevin Yuann	Chief Officer	Profile
Nicholas Tatum	Corporate Officer	Profile

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