NI Holdings, Inc. (NODK) — Stock Correlations & Overview
Over the past year, NODK has moved most closely with LCNB, FCCO, FRPH. Explore the stocks most correlated and inversely correlated with NODK below, along with its price, financials, and company profile.
Stocks correlated with NODK
Correlation of daily returns. Higher positive values move with NODK; negative values move opposite it. Informational only, not investment advice.
Most correlated with NODK
| Symbol | Company | Correlation |
|---|---|---|
| LCNB | LCNB CorporationNATIONAL COMMERCIAL BANKS | 0.42 |
| FCCO | First Community CorpSTATE COMMERCIAL BANKS | 0.39 |
| FRPH | FRP Holdings, Inc.REAL ESTATE | 0.38 |
| BHB | Bar Harbor BanksharesSTATE COMMERCIAL BANKS | 0.38 |
| BHRB | Burke & Herbert Financial Services Corp. Common StockNATIONAL COMMERCIAL BANKS | 0.37 |
Most inversely correlated with NODK
| Symbol | Company | Correlation |
|---|---|---|
| PALI | Palisade Bio, Inc. Common StockBIOLOGICAL PRODUCTS, (NO DIAGNOSTIC SUBSTANCES) | -0.25 |
| SKRE | Tuttle Capital Daily 2X Inverse Regional Banks ETF | -0.24 |
| SBB | ProShares Short SmallCap600 | -0.20 |
| SDD | ProShares UltraShort SmallCap600 | -0.20 |
| ZSC | USCF Sustainable Commodity Strategy Fund | -0.20 |
Frequently asked questions about NODK correlations
- Which stocks are most correlated with NODK?
- Based on one year of daily returns, the stocks most correlated with NI Holdings, Inc. (NODK) are LCNB (0.42), FCCO (0.39) and FRPH (0.38). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with NODK?
- Over the past year, the stocks most inversely correlated with NI Holdings, Inc. (NODK) are PALI (-0.25), SKRE (-0.24) and SBB (-0.20). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these NODK correlations calculated?
- We compute the correlation of daily returns between NODK and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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