Nukkleus Correlations

NUKKW Stock

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The correlation of Nukkleus 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.

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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 Invest in Nukkleus guide.

Related Correlations Analysis

	NNAVW	ONTF	SLG	SPNS	QTWO	HIW	NXPL	ASUR
NNAVW		0.37	0.63	0.68	0.68	0.7	0.77	0.59	NNAVW
ONTF	0.37		0.71	0.65	0.82	0.79	0.69	0.25	ONTF
SLG	0.63	0.71		0.79	0.76	0.96	0.84	0.36	SLG
SPNS	0.68	0.65	0.79		0.82	0.82	0.82	0.65	SPNS
QTWO	0.68	0.82	0.76	0.82		0.86	0.79	0.52	QTWO
HIW	0.7	0.79	0.96	0.82	0.86		0.85	0.41	HIW
NXPL	0.77	0.69	0.84	0.82	0.79	0.85		0.52	NXPL
ASUR	0.59	0.25	0.36	0.65	0.52	0.41	0.52		ASUR
	NNAVW	ONTF	SLG	SPNS	QTWO	HIW	NXPL	ASUR

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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
NNAVW	2.96	0.22	0.07	0.25	3.98	(3.02)	7.08	(7.32)	18.90
ONTF	1.56	0.01	0.03	0.14	1.54	(1.80)	3.38	(2.12)	11.18
SLG	1.58	0.10	0.06	0.21	2.01	(1.68)	3.71	(4.08)	11.18
SPNS	1.09	0.11	0.06	0.28	1.03	(1.24)	2.70	(2.12)	6.25
QTWO	1.67	0.11	0.10	0.21	1.44	(2.01)	3.42	(3.01)	16.72
HIW	1.02	0.10	0.05	0.27	1.04	(1.12)	2.10	(2.38)	5.40
NXPL	3.66	0.51	0.12	0.61	3.52	(4.68)	9.59	(5.88)	22.93
ASUR	2.00	(0.03)	0.00	0.11	2.17	(2.35)	4.86	(3.94)	11.91

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Nukkleus Correlations

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