Nicolet Bankshares Correlations

NIC Stock  USD 84.14  0.86  1.01%   
The correlation of Nicolet Bankshares 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Nicolet Bankshares moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nicolet Bankshares moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Good diversification

The correlation between Nicolet Bankshares and NYA is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nicolet Bankshares and NYA 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 Nicolet Bankshares. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product.
For information on how to trade Nicolet Stock refer to our How to Trade Nicolet Stock guide.
  
The ability to find closely correlated positions to Nicolet Bankshares could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Nicolet Bankshares 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 Nicolet Bankshares - 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 Nicolet Bankshares to buy it.

Moving together with Nicolet Stock

  0.76RF Regions Financial Normal TradingPairCorr

Moving against Nicolet Stock

  0.44MGYR Magyar Bancorp Fiscal Quarter End 31st of March 2024 PairCorr

Related Correlations Analysis

MBIN
AX
RF-PC
RF-PE
RF-PB
MBIN
0.470.210.330.21
MBIN
AX
0.47-0.39-0.26-0.48
AX
RF-PC
0.21-0.390.840.91
RF-PC
RF-PE
0.33-0.260.840.88
RF-PE
RF-PB
0.21-0.480.910.88
RF-PB
MBIN
AX
RF-PC
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Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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   
RF-PBRF-PC
RF-PBRF-PE
RF-PERF-PC
AXMBIN
RF-PEMBIN
RF-PCMBIN
  
High negative correlations   
RF-PBAX
RF-PCAX
RF-PEAX

Risk-Adjusted Indicators

There is a big difference between Nicolet Stock performing well and Nicolet Bankshares 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 Nicolet Bankshares' 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 Nicolet Bankshares 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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Nicolet Bankshares Corporate Management

Elected by the shareholders, the Nicolet Bankshares' board of directors comprises two types of representatives: Nicolet Bankshares inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Nicolet. The board's role is to monitor Nicolet Bankshares' management team and ensure that shareholders' interests are well served. Nicolet Bankshares' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Nicolet Bankshares' outside directors are responsible for providing unbiased perspectives on the board's policies.
Eric RadzakCorporate RelationsProfile
Patrick CFPSVP BankProfile
Jeff GahnzVice RelationsProfile
Eric WitczakExecutive SecretaryProfile
Phillip MooreChief OfficerProfile

Already Invested in Nicolet Bankshares?

The danger of trading Nicolet Bankshares is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Nicolet Bankshares is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Nicolet Bankshares. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Nicolet Bankshares is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Nicolet Bankshares offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Nicolet Bankshares' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Nicolet Bankshares Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Nicolet Bankshares Stock:
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nicolet Bankshares. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product.
For information on how to trade Nicolet Stock refer to our How to Trade Nicolet Stock guide.
You can also try the Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.

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When running Nicolet Bankshares' price analysis, check to measure Nicolet Bankshares' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Nicolet Bankshares is operating at the current time. Most of Nicolet Bankshares' value examination focuses on studying past and present price action to predict the probability of Nicolet Bankshares' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nicolet Bankshares' price. Additionally, you may evaluate how the addition of Nicolet Bankshares to your portfolios can decrease your overall portfolio volatility.
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Is Nicolet Bankshares' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Nicolet Bankshares. If investors know Nicolet will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Nicolet Bankshares listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.107
Dividend Share
0.75
Earnings Share
4.08
Revenue Per Share
18.484
Quarterly Revenue Growth
0.082
The market value of Nicolet Bankshares is measured differently than its book value, which is the value of Nicolet that is recorded on the company's balance sheet. Investors also form their own opinion of Nicolet Bankshares' value that differs from its market value or its book value, called intrinsic value, which is Nicolet Bankshares' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Nicolet Bankshares' market value can be influenced by many factors that don't directly affect Nicolet Bankshares' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Nicolet Bankshares' value and its price as these two are different measures arrived at by different means. Investors typically determine if Nicolet Bankshares is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nicolet Bankshares' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.