Nortech Systems Correlations
| NSYS Stock | USD 8.70 0.04 0.46% |
The current 90-days correlation between Nortech Systems and SurModics is 0.03 (i.e., Significant diversification). The correlation of Nortech Systems 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.
Nortech Systems Correlation With Market
Significant diversification
The correlation between Nortech Systems Incorporated and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nortech Systems Incorporated and DJI in the same portfolio, assuming nothing else is changed.
Moving together with Nortech Stock
Moving against Nortech Stock
| 0.34 | IMTE | Integrated Media Tec Tech Boost | PairCorr |
Related Correlations Analysis
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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
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Risk-Adjusted Indicators
There is a big difference between Nortech Stock performing well and Nortech Systems 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 Nortech Systems' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SRDX | 1.33 | 0.08 | (0.01) | 0.56 | 2.00 | 3.15 | 15.01 | |||
| DYNT | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| PETV | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| TNON | 2.42 | (0.27) | 0.00 | (0.03) | 0.00 | 5.88 | 26.41 | |||
| ELSE | 2.29 | 0.25 | 0.02 | (2.03) | 4.05 | 4.22 | 39.66 | |||
| SMIT | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| OCC | 4.10 | 1.14 | 0.25 | 1.10 | 3.36 | 13.19 | 37.52 | |||
| TAIT | 1.26 | 0.03 | (0.05) | 0.23 | 1.31 | 3.64 | 7.77 |
Nortech Systems Corporate Management
| Curtis Steichen | Chief Marketing and Sales Officer and Sr. VP | Profile | |
| Mark Hooley | Secretary | Profile | |
| Cathy Vold | VP Services | Profile | |
| Corey Hancock | Vice Development | Profile | |
| Christopher Jones | CFO VP | Profile | |
| John Lindeen | Senior Operations | Profile |