Navios Maritime Correlations
| NMM Stock | USD 54.40 1.01 1.89% |
The current 90-days correlation between Navios Maritime Partners and Japan Display ADR is 0.22 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Navios Maritime moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Navios Maritime Partners moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Navios Maritime Correlation With Market
Average diversification
The correlation between Navios Maritime Partners and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Navios Maritime Partners and DJI in the same portfolio, assuming nothing else is changed.
Moving together with Navios Stock
| 0.67 | PAL | Proficient Auto Logi | PairCorr |
| 0.79 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.62 | PBCRY | Bank Central Asia | PairCorr |
| 0.71 | GOOGL | Alphabet Class A Aggressive Push | PairCorr |
Moving against Navios Stock
| 0.76 | RXO | RXO Inc | PairCorr |
| 0.76 | ARCB | ArcBest Corp | PairCorr |
| 0.73 | HXHX | Haoxin Holdings | PairCorr |
| 0.66 | WERN | Werner Enterprises | PairCorr |
| 0.66 | ZDAI | Primega Group Holdings Symbol Change | PairCorr |
| 0.59 | SAIA | Saia Inc | PairCorr |
| 0.57 | HTLD | Heartland Express | PairCorr |
| 0.54 | YGMZ | Mingzhu Logistics | PairCorr |
| 0.46 | R | Ryder System | PairCorr |
| 0.46 | ULH | Universal Logistics | PairCorr |
| 0.46 | PAMT | PAMT P | PairCorr |
| 0.42 | CRGOW | Freightos Limited | PairCorr |
| 0.4 | MRTN | Marten Transport | PairCorr |
| 0.38 | ODFL | Old Dominion Freight | PairCorr |
| 0.62 | UHAL | U Haul Holding | PairCorr |
| 0.55 | TFII | TFI International | PairCorr |
| 0.43 | CVLG | Covenant Logistics Group, | PairCorr |
| 0.33 | TOPP | Toppoint Holdings | PairCorr |
Related Correlations Analysis
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | TORIF | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | XCOMQ | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.51 | JPDYY | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | SOSO | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | HLTHQ | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | DLAD | ||
| 0.0 | 0.0 | 0.51 | 0.0 | 0.0 | 0.0 | CMTL | ||
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Navios Stock performing well and Navios Maritime 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 Navios Maritime'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| TORIF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| XCOMQ | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| JPDYY | 0.76 | 0.37 | 0.00 | 32.91 | 0.00 | 0.00 | 25.42 | |||
| SOSO | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| HLTHQ | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| DLAD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| CMTL | 3.24 | 0.63 | 0.16 | 0.54 | 3.63 | 7.04 | 23.38 |