Nayax Correlations

Nayax Correlation With Market

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nayax. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation. For more information on how to buy Nayax Stock please use our How to Invest in Nayax guide.

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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    CLBT + 0.92 SVRE SVRE + 0.89 CSPI CLBT + 0.88 CSPI SATX + 0.82 FORTY NYAX + 0.76 FORTY SATX + 0.73 NYAX

High negative correlations    CLBT - 0.9 FORTY SVRE - 0.89 FORTY SATX - 0.86 SVRE SATX - 0.86 CSPI CLBT - 0.81 SATX SVRE - 0.81 NYAX

Risk-Adjusted Indicators

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