US Nuclear Correlations

UCLE Stock

USD 0.07 0.01 13.33%

The current 90-days correlation between US Nuclear Corp and Mind Technology is -0.08 (i.e., Good diversification). The correlation of US Nuclear 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.

US Nuclear Correlation With Market

Good diversification

The correlation between US Nuclear Corp and DJI is -0.14 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding US Nuclear Corp and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to US Nuclear could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace US Nuclear 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 US Nuclear - 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 US Nuclear Corp to buy it.

Moving together with UCLE Pink Sheet

0.73	NVDA	NVIDIA Aggressive Push	Pair Corr
0.65	PBHC	Pathfinder Bancorp	Pair Corr

Moving against UCLE Pink Sheet

0.5	KYCCF	Keyence	Pair Corr
0.41	FTV	Fortive Corp	Pair Corr
0.38	HXGBY	Hexagon AB ADR	Pair Corr
0.33	HXGBF	Hexagon AB	Pair Corr
0.32	ZENV	Zenvia Inc	Pair Corr

Related Correlations Analysis

	MIND	WRAP	CPTN	MVIS	BKSY	COHR	SOBR
MIND		0.01	0.51	-0.31	0.52	0.12	-0.69	MIND
WRAP	0.01		0.49	-0.35	0.32	0.35	0.05	WRAP
CPTN	0.51	0.49		-0.34	0.56	0.51	-0.55	CPTN
MVIS	-0.31	-0.35	-0.34		-0.8	-0.44	0.57	MVIS
BKSY	0.52	0.32	0.56	-0.8		0.64	-0.73	BKSY
COHR	0.12	0.35	0.51	-0.44	0.64		-0.38	COHR
SOBR	-0.69	0.05	-0.55	0.57	-0.73	-0.38		SOBR
	MIND	WRAP	CPTN	MVIS	BKSY	COHR	SOBR

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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

COHR	+ 0.64	BKSY
SOBR	+ 0.57	MVIS
BKSY	+ 0.56	CPTN
BKSY	+ 0.52	MIND
CPTN	+ 0.51	MIND
COHR	+ 0.51	CPTN

High negative correlations

BKSY	- 0.8	MVIS
SOBR	- 0.73	BKSY
SOBR	- 0.69	MIND
SOBR	- 0.55	CPTN
COHR	- 0.44	MVIS
SOBR	- 0.38	COHR

Risk-Adjusted Indicators

There is a big difference between UCLE Pink Sheet performing well and US Nuclear 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 US Nuclear'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
MIND	3.10	1.08	0.38	1.30	2.08	(4.87)	5.54	(3.13)	53.88
WRAP	3.35	0.21	0.05	0.40	3.32	(4.34)	8.52	(5.00)	25.50
CPTN	0.35	0.07	0.07	(2.87)	0.15	(0.58)	0.96	(0.62)	2.60
MVIS	3.13	0.11	0.02	0.21	3.52	(3.96)	6.19	(6.32)	17.27
BKSY	4.89	1.17	0.18	0.38	5.46	(5.29)	10.64	(7.33)	32.36
COHR	2.38	0.18	0.06	0.15	2.94	(2.42)	5.64	(4.90)	16.63
SOBR	11.54	(1.16)	0.00	0.86	0.00	0.00	17.36	(29.27)	233.58

Be your own money manager

Our tools can tell you how much better you can do entering a position in US Nuclear 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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