Nortech Systems Correlations

NSYS Stock

USD 11.25 0.27 2.46%

The current 90-days correlation between Nortech Systems and Neuropace is -0.13 (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 0.13 (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

0.75	CDW	CDW Corp	Pair Corr
0.62	TACT	TransAct Technologies	Pair Corr
0.76	CRCT	Cricut Inc	Pair Corr
0.7	MQ	Marqeta	Pair Corr
0.65	DOCN	DigitalOcean Holdings	Pair Corr
0.61	VERI	Veritone	Pair Corr
0.77	VRRM	Verra Mobility Corp	Pair Corr
0.69	ENPH	Enphase Energy	Pair Corr

Moving against Nortech Stock

0.78	DV	DoubleVerify Holdings	Pair Corr
0.69	IONQ	IONQ Inc Aggressive Push	Pair Corr
0.65	FFIV	F5 Networks	Pair Corr
0.57	SCKT	Socket Mobile	Pair Corr
0.51	S	SentinelOne	Pair Corr
0.5	CSCO	Cisco Systems Sell-off Trend	Pair Corr
0.49	RDCM	Radcom	Pair Corr
0.49	BL	Blackline	Pair Corr
0.42	INVE	Identiv	Pair Corr
0.39	GB	Global Blue Group	Pair Corr
0.31	QMCO	Quantum	Pair Corr
0.8	ML	MoneyLion	Pair Corr
0.8	ZD	Ziff Davis	Pair Corr
0.73	FIVN	Five9 Inc	Pair Corr
0.71	FICO	Fair Isaac	Pair Corr
0.7	EVCM	EverCommerce	Pair Corr
0.69	WK	Workiva	Pair Corr
0.63	FUFU	BitFuFu Class A	Pair Corr
0.62	CRM	Salesforce	Pair Corr
0.56	ZS	Zscaler	Pair Corr
0.47	FROG	Jfrog	Pair Corr
0.39	DTSS	Datasea	Pair Corr

Related Correlations Analysis

	NPCE	ELMD	KIDS	SRDX	FNA	CVRX	OFIX	AORT	HSKA	IRIX
NPCE		0.75	-0.35	0.69	0.89	0.61	0.75	0.66	0.23	0.33	NPCE
ELMD	0.75		-0.65	0.22	0.7	0.82	0.77	0.84	0.71	-0.2	ELMD
KIDS	-0.35	-0.65		0.1	-0.24	-0.35	-0.19	-0.43	-0.73	0.39	KIDS
SRDX	0.69	0.22	0.1		0.69	0.06	0.41	0.15	-0.33	0.66	SRDX
FNA	0.89	0.7	-0.24	0.69		0.62	0.82	0.53	0.09	0.43	FNA
CVRX	0.61	0.82	-0.35	0.06	0.62		0.87	0.83	0.52	-0.28	CVRX
OFIX	0.75	0.77	-0.19	0.41	0.82	0.87		0.75	0.27	0.04	OFIX
AORT	0.66	0.84	-0.43	0.15	0.53	0.83	0.75		0.69	-0.32	AORT
HSKA	0.23	0.71	-0.73	-0.33	0.09	0.52	0.27	0.69		-0.66	HSKA
IRIX	0.33	-0.2	0.39	0.66	0.43	-0.28	0.04	-0.32	-0.66		IRIX
	NPCE	ELMD	KIDS	SRDX	FNA	CVRX	OFIX	AORT	HSKA	IRIX

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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

FNA	+ 0.89	NPCE
OFIX	+ 0.87	CVRX
AORT	+ 0.84	ELMD
AORT	+ 0.83	CVRX
CVRX	+ 0.82	ELMD
OFIX	+ 0.82	FNA

High negative correlations

HSKA	- 0.73	KIDS
IRIX	- 0.66	HSKA
KIDS	- 0.65	ELMD
AORT	- 0.43	KIDS
CVRX	- 0.35	KIDS
KIDS	- 0.35	NPCE

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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
NPCE	3.53	0.74	0.20	1.25	2.85	(4.15)	9.73	(6.19)	35.38
ELMD	2.26	0.69	0.27	0.84	1.96	(2.73)	5.76	(3.90)	14.24
KIDS	2.54	(0.47)	0.00	(0.34)	0.00	0.00	4.85	(6.44)	16.62
SRDX	0.47	(0.02)	(0.18)	0.09	0.50	(0.52)	1.26	(0.95)	3.22
FNA	3.63	0.37	0.14	0.30	3.48	(4.04)	7.32	(5.83)	43.16
CVRX	3.83	0.82	0.16	2.88	3.57	(4.45)	10.68	(8.91)	41.08
OFIX	1.82	(0.01)	0.01	0.12	1.97	(2.03)	3.90	(3.17)	12.11
AORT	1.22	0.07	0.06	0.19	1.32	(1.35)	2.65	(2.42)	9.51
HSKA	1.18	0.55	0.81	1.81	0.00	(1.25)	3.63	(0.71)	21.36
IRIX	2.78	(0.16)	0.00	(0.09)	0.00	0.00	5.23	(6.35)	40.53

Nortech Systems Corporate Management

Curtis Steichen	Chief Marketing and Sales Officer and Sr. VP	Profile
Mark Hooley	Secretary	Profile
Cathy Vold	VP Services	Profile
Corey Hancock	Vice Development	Profile
Christopher Jones	CFO VP	Profile
John Lindeen	Senior Operations	Profile

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