NiSource Correlations
| 0K87 Stock | 41.83 0.12 0.29% |
The current 90-days correlation between NiSource and National Atomic Co is 0.06 (i.e., Significant diversification). The correlation of NiSource 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.
NiSource Correlation With Market
Modest diversification
The correlation between NiSource and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding NiSource and DJI in the same portfolio, assuming nothing else is changed.
NiSource |
The ability to find closely correlated positions to NiSource could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NiSource 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 NiSource - 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 NiSource to buy it.
Moving together with NiSource Stock
Moving against NiSource Stock
| 0.68 | APN | Applied Nutrition Plc | PairCorr |
| 0.62 | 0RKH | BW Offshore | PairCorr |
| 0.51 | USA | Baillie Gifford Growth | PairCorr |
| 0.5 | BAKK | Bakkavor Group PLC | PairCorr |
| 0.48 | 0N4T | Nordea Bank Abp | PairCorr |
| 0.45 | BOY | Bodycote PLC | PairCorr |
| 0.44 | 0HL5 | Ball Corp | PairCorr |
| 0.43 | MNG | MG Plc | PairCorr |
| 0.43 | IDHC | Integrated Diagnostics | PairCorr |
| 0.37 | 0RIH | Alphabet Class A | PairCorr |
| 0.36 | 0EG8 | Finnair Oyj | PairCorr |
| 0.62 | CAML | Central Asia Metals | PairCorr |
| 0.61 | 0HD0 | Ally Financial | PairCorr |
| 0.6 | STAN | Standard Chartered PLC | PairCorr |
| 0.59 | 0QYU | Morgan Stanley | PairCorr |
| 0.55 | 0MJK | Erste Group Bank | PairCorr |
| 0.49 | GAW | Games Workshop Group | PairCorr |
| 0.47 | ZEG | Zegona Communications Plc | PairCorr |
| 0.45 | 0J71 | JB Hunt Transport | PairCorr |
| 0.45 | 0Y5F | Endo International PLC | PairCorr |
| 0.44 | ICGC | Irish Continental | PairCorr |
| 0.44 | BIRG | Bank of Ireland | PairCorr |
Related Correlations Analysis
| 0.95 | 0.95 | 0.69 | 0.59 | 0.27 | 0.34 | SMSD | ||
| 0.95 | 1.0 | 0.67 | 0.7 | 0.43 | 0.48 | BC94 | ||
| 0.95 | 1.0 | 0.68 | 0.71 | 0.42 | 0.48 | SMSN | ||
| 0.69 | 0.67 | 0.68 | 0.7 | 0.39 | -0.02 | TYT | ||
| 0.59 | 0.7 | 0.71 | 0.7 | 0.81 | 0.22 | RIGD | ||
| 0.27 | 0.43 | 0.42 | 0.39 | 0.81 | 0.23 | 0R15 | ||
| 0.34 | 0.48 | 0.48 | -0.02 | 0.22 | 0.23 | KAP | ||
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 NiSource Stock performing well and NiSource 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 NiSource'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SMSD | 1.67 | 0.30 | 0.12 | 0.38 | 2.12 | 3.68 | 10.35 | |||
| BC94 | 2.05 | 0.33 | 0.13 | 0.47 | 2.28 | 4.05 | 11.94 | |||
| SMSN | 2.05 | 0.33 | 0.13 | 0.45 | 2.26 | 4.05 | 11.94 | |||
| TYT | 1.21 | 0.20 | 0.06 | 0.78 | 1.42 | 3.36 | 10.12 | |||
| RIGD | 0.75 | 0.14 | 0.10 | 0.56 | 0.69 | 1.60 | 5.41 | |||
| 0R15 | 4.32 | 1.34 | 0.20 | 22.19 | 5.17 | 10.41 | 31.38 | |||
| KAP | 2.36 | 0.06 | 0.02 | 0.11 | 2.83 | 5.64 | 18.39 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in NiSource 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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Portfolio HoldingsCheck your current holdings and cash postion to detemine if your portfolio needs rebalancing |
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NiSource Corporate Executives
Elected by the shareholders, the NiSource's board of directors comprises two types of representatives: NiSource inside directors who are chosen from within the company, and outside directors, selected externally and held independent of NiSource. The board's role is to monitor NiSource's management team and ensure that shareholders' interests are well served. NiSource'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, NiSource's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Shawn Anderson | Executive CFO | Profile |