Nukkleus Correlations

NUKK Stock

USD 7.98 0.17 2.09%

A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Nukkleus moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nukkleus moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Nukkleus Correlation With Market

Significant diversification

The correlation between Nukkleus and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nukkleus and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Nukkleus Stock

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

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

Moving together with Nukkleus Stock

0.63	ZM	Zoom Video Communications	Pair Corr
0.63	DOCU	DocuSign	Pair Corr
0.7	VERX	Vertex	Pair Corr
0.62	DSGX	Descartes Systems	Pair Corr
0.75	VMEO	Vimeo Inc	Pair Corr
0.68	WDAY	Workday	Pair Corr
0.67	EPWK	EPWK Holdings	Pair Corr

Moving against Nukkleus Stock

0.84	VS	Versus Systems	Pair Corr
0.66	DV	DoubleVerify Holdings	Pair Corr
0.66	EB	Eventbrite Class A	Pair Corr
0.63	YB	Yuanbao American Dep	Pair Corr
0.63	VERB	Verb Technology	Pair Corr
0.51	U	Unity Software Aggressive Push	Pair Corr
0.51	DOMO	Domo Inc Upward Rally	Pair Corr
0.37	DT	Dynatrace Holdings LLC	Pair Corr
0.33	AI	C3 Ai Inc	Pair Corr
0.78	EGAN	eGain	Pair Corr
0.64	ETWO	E2open Parent Holdings	Pair Corr
0.6	EGHT	8x8 Common Stock	Pair Corr
0.46	WFCF	Where Food Comes	Pair Corr
0.45	ELWS	Earlyworks Co,	Pair Corr
0.81	BSY	Bentley Systems	Pair Corr
0.72	DBD	Diebold Nixdorf,	Pair Corr

Related Correlations Analysis

	GCLT	EPAZ	ZICX	PETWW	ATIXF	IONI	BZWR
GCLT		-0.27	-0.3	0.24	0.0	-0.12	-0.1	GCLT
EPAZ	-0.27		0.25	-0.14	0.0	0.75	0.23	EPAZ
ZICX	-0.3	0.25		-0.02	0.0	0.15	0.15	ZICX
PETWW	0.24	-0.14	-0.02		0.0	-0.16	0.13	PETWW
ATIXF	0.0	0.0	0.0	0.0		0.0	0.0	ATIXF
IONI	-0.12	0.75	0.15	-0.16	0.0		0.22	IONI
BZWR	-0.1	0.23	0.15	0.13	0.0	0.22		BZWR
	GCLT	EPAZ	ZICX	PETWW	ATIXF	IONI	BZWR

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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

IONI	+ 0.75	EPAZ
ZICX	+ 0.25	EPAZ
PETWW	+ 0.24	GCLT
BZWR	+ 0.23	EPAZ
BZWR	+ 0.22	IONI
IONI	+ 0.15	ZICX

High negative correlations

ZICX	- 0.3	GCLT
EPAZ	- 0.27	GCLT
IONI	- 0.16	PETWW
PETWW	- 0.14	EPAZ
IONI	- 0.12	GCLT
BZWR	- 0.1	GCLT

Risk-Adjusted Indicators

There is a big difference between Nukkleus Stock performing well and Nukkleus 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 Nukkleus' 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
GCLT	27.73	11.62	0.00	1.61	0.00	0.00	0.00	0.00	990.00
EPAZ	15.96	4.78	0.32	24.25	12.42	(21.05)	58.00	(22.22)	112.78
ZICX	7.16	0.48	0.02	0.38	9.40	(29.82)	40.00	(28.57)	73.33
PETWW	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ATIXF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
IONI	8.95	2.64	0.24	2.88	8.60	(11.42)	21.62	(15.56)	51.04
BZWR	36.60	18.94	0.00	(0.66)	0.00	0.00	25.00	(20.00)	697.78

Nukkleus Corporate Management

Jamal Khurshid	COO Director	Profile
Yair Ohayon	Investor Officer	Profile
Andrew MBA	Chief Officer	Profile
Shawn Dilkes	Chief Officer	Profile

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