Next Technology Correlations

NXTT Stock

16.48 0.32 1.90%

The current 90-days correlation between Next Technology Holding and Nukkleus is 0.25 (i.e., Modest diversification). The correlation of Next Technology 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.

Next Technology Correlation With Market

Modest diversification

The correlation between Next Technology Holding 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 Next Technology Holding and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Next Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Next Technology Holding. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

Moving together with Next Stock

0.62

SNPS

Synopsys

Pair Corr

Moving against Next Stock

0.7	APTD	Aptitude Software	Pair Corr
0.61	PCOR	Procore Technologies Tech Boost	Pair Corr
0.58	ALFA	Alfa Financial Software	Pair Corr
0.58	ADSK	Autodesk	Pair Corr
0.55	ZM	Zoom Video Communications	Pair Corr
0.52	PEGA	Pegasystems	Pair Corr
0.46	SAIL	SailPoint, Common Stock	Pair Corr
0.42	301269	Empyrean Technology	Pair Corr
0.37	WDAY	Workday	Pair Corr
0.31	EVPL	Everplay Group PLC	Pair Corr
0.79	DRDGF	Drdgold	Pair Corr
0.68	BK	Bank of New York	Pair Corr
0.62	MZDAF	Mazda Motor	Pair Corr
0.62	UEC	Uranium Energy Corp	Pair Corr
0.62	GS	Goldman Sachs Group	Pair Corr
0.56	FET	Forum Energy Technologies Earnings Call This Week	Pair Corr
0.54	PLG	Platinum Group Metals Buyout Trend	Pair Corr
0.47	SZKMF	Suzuki Motor	Pair Corr
0.47	PATH	Uipath Inc	Pair Corr
0.45	688111	Beijing Kingsoft Office	Pair Corr
0.36	ILLR	Triller Group	Pair Corr

Related Correlations Analysis

	NUKK	AWRE	MFI	MKTW	PHUN	NTWK	SURG	LPSN	BNAI	KNRX
NUKK		-0.14	0.0	-0.83	0.42	0.36	0.23	-0.76	0.63	0.57	NUKK
AWRE	-0.14		0.39	0.06	0.34	0.56	0.53	0.09	-0.13	-0.11	AWRE
MFI	0.0	0.39		0.15	0.64	0.44	0.05	0.3	-0.25	0.05	MFI
MKTW	-0.83	0.06	0.15		-0.37	-0.37	-0.34	0.79	-0.77	-0.53	MKTW
PHUN	0.42	0.34	0.64	-0.37		0.61	0.3	-0.12	0.22	0.45	PHUN
NTWK	0.36	0.56	0.44	-0.37	0.61		0.53	-0.34	0.09	0.42	NTWK
SURG	0.23	0.53	0.05	-0.34	0.3	0.53		-0.25	0.13	0.1	SURG
LPSN	-0.76	0.09	0.3	0.79	-0.12	-0.34	-0.25		-0.64	-0.44	LPSN
BNAI	0.63	-0.13	-0.25	-0.77	0.22	0.09	0.13	-0.64		0.52	BNAI
KNRX	0.57	-0.11	0.05	-0.53	0.45	0.42	0.1	-0.44	0.52		KNRX
	NUKK	AWRE	MFI	MKTW	PHUN	NTWK	SURG	LPSN	BNAI	KNRX

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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

LPSN	+ 0.79	MKTW
PHUN	+ 0.64	MFI
BNAI	+ 0.63	NUKK
NTWK	+ 0.61	PHUN
KNRX	+ 0.57	NUKK
NTWK	+ 0.56	AWRE

High negative correlations

MKTW	- 0.83	NUKK
BNAI	- 0.77	MKTW
LPSN	- 0.76	NUKK
BNAI	- 0.64	LPSN
KNRX	- 0.53	MKTW
KNRX	- 0.44	LPSN

Risk-Adjusted Indicators

There is a big difference between Next Stock performing well and Next Technology 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 Next Technology'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
NUKK	8.16	0.71	0.09	0.43	8.87	(8.86)	17.65	(14.78)	50.68
AWRE	3.27	(0.12)	0.00	0.06	4.11	(3.42)	7.86	(6.75)	29.72
MFI	5.41	(1.03)	0.00	(0.51)	0.00	0.00	11.57	(14.62)	42.70
MKTW	2.01	(0.34)	0.00	(0.14)	0.00	0.00	3.88	(3.53)	20.32
PHUN	2.58	(0.61)	0.00	(0.08)	0.00	0.00	5.67	(5.58)	15.02
NTWK	2.93	(0.19)	(0.03)	0.01	3.91	(2.96)	6.87	(6.43)	20.82
SURG	2.85	(0.20)	(0.01)	0.03	5.07	(2.92)	5.86	(5.30)	23.96
LPSN	5.06	(1.74)	0.00	(0.51)	0.00	0.00	9.93	(13.39)	30.06
BNAI	6.63	0.75	0.12	0.42	5.69	(13.54)	18.18	(12.04)	83.33
KNRX	4.60	(2.58)	0.00	(5.70)	0.00	0.00	9.63	(14.42)	32.65

Next Technology Corporate Management

Hanfeng Li	VP Segment	Profile
Weihong Liu	Chief Officer	Profile
Eve Chan	Chief Officer	Profile
Nan Ding	Chief Officer	Profile
Annie Huang	Secretary	Profile
Hongliang Liu	Chief Officer	Profile
Ken Tsang	Chief Officer	Profile

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