Nortech Systems Correlations

NSYS Stock  USD 11.65  0.40  3.56%   
The current 90-days correlation between Nortech Systems and Neuropace is -0.11 (i.e., Good diversification). The correlation of Nortech Systems 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.

Nortech Systems Correlation With Market

Average diversification

The correlation between Nortech Systems Incorporated and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nortech Systems Incorporated and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nortech Systems Incorporated. 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 Nortech Stock

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Moving against Nortech Stock

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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   
FNANPCE
OFIXCVRX
AORTELMD
AORTCVRX
CVRXELMD
OFIXFNA
  
High negative correlations   
HSKAKIDS
IRIXHSKA
KIDSELMD
AORTKIDS
KIDSNPCE
CVRXKIDS

Risk-Adjusted Indicators

There is a big difference between Nortech Stock performing well and Nortech Systems 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 Nortech Systems' 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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
NPCE  3.57  0.48  0.18  0.38  2.89 
 9.73 
 35.38 
ELMD  2.31  0.74  0.28  0.93  1.97 
 5.76 
 14.24 
KIDS  2.56 (0.59) 0.00 (0.36) 0.00 
 4.85 
 16.62 
SRDX  0.47 (0.01)(0.17) 0.12  0.47 
 1.26 
 3.22 
FNA  3.63  0.31  0.13  0.27  3.44 
 7.32 
 43.16 
CVRX  3.81  0.86  0.17  3.86  3.61 
 10.68 
 41.08 
OFIX  1.78  0.03  0.03  0.17  1.83 
 3.90 
 12.11 
AORT  1.23  0.05  0.06  0.18  1.34 
 2.65 
 9.51 
HSKA  1.18  0.58  0.79  3.93  0.00 
 3.63 
 21.36 
IRIX  2.78 (0.01) 0.00  0.16  0.00 
 5.23 
 40.53 

Nortech Systems Corporate Management

Curtis SteichenChief Marketing and Sales Officer and Sr. VPProfile
Mark HooleySecretaryProfile
Cathy VoldVP ServicesProfile
Corey HancockVice DevelopmentProfile
Christopher JonesCFO VPProfile
John LindeenSenior OperationsProfile