Nasdaq Correlations

Stocks . Germany . 
Stock . Nasdaq Inc
NAQ Stock  EUR 76.71  0.58  0.75%   
The current 90-days correlation between Nasdaq Inc and Superior Plus Corp is 0.15 (i.e., Average diversification). The correlation of Nasdaq 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.

Nasdaq Correlation With Market

Weak diversification

The correlation between Nasdaq Inc and DJI is 0.32 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nasdaq Inc and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Nasdaq could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Nasdaq 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 Nasdaq - 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 Nasdaq Inc to buy it.

Moving together with Nasdaq Stock

  0.89LS4D LONDON STEXUNSPADRS12PairCorr
  0.62DB1 Deutsche Brse AGPairCorr
  0.62C67 Cboe Global MarketsPairCorr
  0.67AUX1 ASX LTD UNSPONSADRPairCorr
  0.94SOUU SINGAPORE EXUNSPADR15 SplitPairCorr
  0.95WMT WalmartPairCorr
  0.94WMT WalmartPairCorr
  0.9AMZ Amazon IncPairCorr
  0.9AMZ Amazon IncPairCorr
  0.65CSA Accenture plc Earnings Call TomorrowPairCorr
  0.85SAP SAP SEPairCorr
  0.67ACT AlzChem Group AGPairCorr
  0.95HEI Heidelberg MaterialsPairCorr
  0.938II PLAYTIKA HOLDINGPairCorr
  0.66ACT AlzChem Group AGPairCorr
  0.95AKX ANSYS IncPairCorr
  0.63E6Q GOLD ROAD RESPairCorr
  0.94BN9 The BankPairCorr
  0.91TF7A Tyson FoodsPairCorr
  0.947SU Summit MaterialsPairCorr
  0.73UF2 Sunstone Hotel InvestorsPairCorr

Moving against Nasdaq Stock

  0.94VOWB VOLKSWAGEN AG VZPairCorr
  0.93VOW3 Volkswagen AG VZOPairCorr
  0.93VOW3 Volkswagen AGPairCorr
  0.93VOW Volkswagen AGPairCorr
  0.5C4X Onxeo SAPairCorr
  0.48IU2 Yara International ASAPairCorr
  0.46DBPD Xtrackers ShortDAXPairCorr

Related Correlations Analysis

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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   
IUI1
+ 0.95
SOUU
RS6
+ 0.92
IUI1
RS6
+ 0.89
SOUU
SOUU
+ 0.8
AUX1
IUI1
+ 0.73
AUX1
RS6
+ 0.71
AUX1
  
High negative correlations   
IUI1
- 0.75
8SP
RS6
- 0.73
8SP
INL
- 0.65
8SP
8SP
- 0.64
SOUU
IUI1
- 0.48
39O1
8SP
- 0.45
AUX1

Risk-Adjusted Indicators

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

Be your own money manager

Our tools can tell you how much better you can do entering a position in Nasdaq 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.

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Nasdaq Corporate Management

Elected by the shareholders, the Nasdaq's board of directors comprises two types of representatives: Nasdaq inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Nasdaq. The board's role is to monitor Nasdaq's management team and ensure that shareholders' interests are well served. Nasdaq'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, Nasdaq's outside directors are responsible for providing unbiased perspectives on the board's policies.
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