| NUKKW Stock | | | 0.03 0.00 0.00% |
The current 90-days correlation between Nukkleus and Swvl Holdings Corp is -0.19 (i.e., Good diversification). The correlation of Nukkleus 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.
Nukkleus Correlation With Market
Good diversification
The correlation between Nukkleus and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nukkleus 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 Nukkleus. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in industry.
For more information on how to buy Nukkleus Stock please use our
How to Invest in Nukkleus guide.