NIKE Related Correlations

NKE Stock

ARS 8,454 135.00 1.62%

Generate correlation matrix for NIKE and other related equities to check the degree to which NIKE Inc price movement is correlated to its related entities. Use comma (,) to separate each symbol. If not specified, the peers will be provided automatically based on Macroaxis sector classification standards for NIKE Inc. To filter out specific equities, please toggle its corresponding legend item. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NIKE Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.

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Please note, there is a significant difference between NIKE's value and its price as these two are different measures arrived at by different means. Investors typically determine if NIKE is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NIKE's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Correlations

	X	TECO2	BA-C	TGSU2	AGRO
X		0.71	0.51	0.41	0.8	X
TECO2	0.71		0.42	0.77	0.86	TECO2
BA-C	0.51	0.42		0.43	0.53	BA-C
TGSU2	0.41	0.77	0.43		0.7	TGSU2
AGRO	0.8	0.86	0.53	0.7		AGRO
	X	TECO2	BA-C	TGSU2	AGRO

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Risk-Adjusted Indicators

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

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
X	2.08	(0.51)	0.00	0.96	0.00	0.00	3.71	(4.01)	18.39
TECO2	3.14	(0.04)	(0.02)	(0.01)	3.63	(3.58)	8.08	(6.22)	19.16
BA-C	2.61	(0.95)	0.00	(0.28)	0.00	0.00	3.54	(3.25)	52.03
TGSU2	3.22	0.02	(0.02)	(0.07)	3.55	(3.56)	6.85	(5.69)	15.14
AGRO	4.10	(0.25)	0.00	(0.21)	0.00	0.00	8.44	(7.17)	20.97

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NIKE Related Correlations

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