Nuix Correlations
| NXLLF Stock | USD 1.00 0.00 0.00% |
The current 90-days correlation between Nuix Limited and China Youzan is 0.35 (i.e., Weak diversification). The correlation of Nuix 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.
Nuix Correlation With Market
Modest diversification
The correlation between Nuix Limited and DJI is 0.26 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nuix Limited and DJI in the same portfolio, assuming nothing else is changed.
Nuix |
The ability to find closely correlated positions to Nuix could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Nuix when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Nuix - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Nuix Limited to buy it.
Moving together with Nuix Pink Sheet
| 0.67 | SAP | SAP SE ADR | PairCorr |
| 0.87 | UBER | Uber Technologies | PairCorr |
| 0.83 | NOW | ServiceNow | PairCorr |
| 0.66 | SAPGF | SAP SE | PairCorr |
| 0.83 | SNOW | Snowflake | PairCorr |
| 0.66 | PG | Procter Gamble Earnings Call Next Week | PairCorr |
| 0.69 | HPQ | HP Inc | PairCorr |
| 0.63 | HD | Home Depot | PairCorr |
| 0.85 | MSFT | Microsoft | PairCorr |
Moving against Nuix Pink Sheet
| 0.71 | WF | Woori Financial Group | PairCorr |
| 0.7 | ATI | Allegheny Technologies | PairCorr |
| 0.66 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.53 | APP | Applovin Corp | PairCorr |
| 0.43 | KB | KB Financial Group | PairCorr |
| 0.35 | SHG | Shinhan Financial | PairCorr |
| 0.88 | MRK | Merck Company | PairCorr |
| 0.85 | WMT | Walmart Common Stock Aggressive Push | PairCorr |
| 0.78 | WSFS | WSFS Financial | PairCorr |
| 0.78 | ACN | Accenture plc | PairCorr |
| 0.75 | AA | Alcoa Corp Earnings Call This Week | PairCorr |
| 0.66 | DD | Dupont De Nemours | PairCorr |
| 0.63 | BAC | Bank of America | PairCorr |
| 0.59 | MCD | McDonalds | PairCorr |
| 0.58 | XOM | Exxon Mobil Corp Aggressive Push | PairCorr |
| 0.58 | PFE | Pfizer Inc | PairCorr |
| 0.48 | AXP | American Express | PairCorr |
| 0.46 | F | Ford Motor | PairCorr |
| 0.36 | VZ | Verizon Communications | PairCorr |
Related Correlations Analysis
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 Nuix Pink Sheet performing well and Nuix 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 Nuix'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CHNVF | 2.71 | (0.53) | 0.00 | (1.34) | 0.00 | 0.00 | 88.45 | |||
| NPACY | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| TSVNF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| RWWI | 1.12 | (0.10) | 0.00 | (0.09) | 0.00 | 3.31 | 8.71 | |||
| BLKLF | 0.95 | (0.16) | 0.00 | (0.33) | 0.00 | 2.12 | 7.13 | |||
| PSSWF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| BRDLF | 0.01 | 0.00 | 0.00 | 1.29 | 0.00 | 0.00 | 0.40 | |||
| NPACF | 0.14 | 0.06 | 0.00 | 5.81 | 0.00 | 0.00 | 0.00 | |||
| QNCCF | 7.19 | 1.35 | 0.20 | 0.39 | 7.27 | 17.31 | 48.14 | |||
| RLLMF | 1.26 | (0.12) | 0.00 | (0.16) | 0.00 | 3.93 | 11.82 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Nuix without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Nuix Corporate Management
| Chad Barton | CFO COO | Profile | |
| Melissa Pascoe | Head Culture | Profile | |
| Mike Smith | Ex Americas | Profile | |
| Oliver Harvey | Ex Innovation | Profile | |
| BCom BCom | Global Director | Profile | |
| LLM LLB | G Sec | Profile | |
| Jee Moon | Chief Officer | Profile |