NextNRG Correlations

Stocks . USA . 
Stock . NextNRG
NXXT Stock   1.76  0.09  4.86%   
The current 90-days correlation between NextNRG and HNI Corp is -0.18 (i.e., Good diversification). The correlation of NextNRG 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.

NextNRG Correlation With Market

Good diversification

The correlation between NextNRG and DJI is -0.15 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding NextNRG and DJI in the same portfolio, assuming nothing else is changed.
  
Build AI portfolio with NextNRG Stock
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NextNRG. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in interest.
For more information on how to buy NextNRG Stock please use our How to Invest in NextNRG guide.

Moving together with NextNRG Stock

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Moving against NextNRG Stock

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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   
LECO
+ 0.95
HNI
SCHL
+ 0.85
LECO
SCHL
+ 0.83
HNI
UTI
+ 0.8
STRA
GHC
+ 0.77
STRA
DRETF
+ 0.68
LECO
  
High negative correlations   
DRETF
- 0.27
STRA
DRETF
- 0.18
GHC
SCHL
- 0.1
STRA
STRA
- 0.02
LECO

Risk-Adjusted Indicators

There is a big difference between NextNRG Stock performing well and NextNRG 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 NextNRG'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.

NextNRG Corporate Executives

Elected by the shareholders, the NextNRG's board of directors comprises two types of representatives: NextNRG inside directors who are chosen from within the company, and outside directors, selected externally and held independent of NextNRG. The board's role is to monitor NextNRG's management team and ensure that shareholders' interests are well served. NextNRG's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, NextNRG's outside directors are responsible for providing unbiased perspectives on the board's policies.
Michael CPACFO OfficerProfile
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