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NKLA vs. ^SP500TR
Performance
Risk-Adjusted Performance
Drawdowns
Volatility

Correlation

The correlation between NKLA and ^SP500TR is 0.28, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.


-0.50.00.51.00.3

Performance

NKLA vs. ^SP500TR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nikola Corporation (NKLA) and S&P 500 Total Return (^SP500TR). The values are adjusted to include any dividend payments, if applicable.

-100.00%-50.00%0.00%50.00%100.00%150.00%JulyAugustSeptemberOctoberNovemberDecember
-99.57%
135.52%
NKLA
^SP500TR

Key characteristics

Sharpe Ratio

NKLA:

-0.94

^SP500TR:

2.03

Sortino Ratio

NKLA:

-3.05

^SP500TR:

2.71

Omega Ratio

NKLA:

0.65

^SP500TR:

1.38

Calmar Ratio

NKLA:

-0.95

^SP500TR:

3.03

Martin Ratio

NKLA:

-1.51

^SP500TR:

13.52

Ulcer Index

NKLA:

62.98%

^SP500TR:

1.89%

Daily Std Dev

NKLA:

100.59%

^SP500TR:

12.59%

Max Drawdown

NKLA:

-99.95%

^SP500TR:

-55.25%

Current Drawdown

NKLA:

-99.95%

^SP500TR:

-3.54%

Returns By Period

In the year-to-date period, NKLA achieves a -95.24% return, which is significantly lower than ^SP500TR's 24.77% return.


NKLA

YTD

-95.24%

1M

-38.12%

6M

-91.34%

1Y

-95.52%

5Y*

-66.91%

10Y*

N/A

^SP500TR

YTD

24.77%

1M

-0.24%

6M

7.73%

1Y

24.86%

5Y*

14.61%

10Y*

13.05%

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Risk-Adjusted Performance

NKLA vs. ^SP500TR - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Nikola Corporation (NKLA) and S&P 500 Total Return (^SP500TR). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.


Sharpe ratio
The chart of Sharpe ratio for NKLA, currently valued at -0.94, compared to the broader market-4.00-2.000.002.00-0.942.03
The chart of Sortino ratio for NKLA, currently valued at -3.05, compared to the broader market-4.00-2.000.002.004.00-3.052.71
The chart of Omega ratio for NKLA, currently valued at 0.65, compared to the broader market0.501.001.502.000.651.38
The chart of Calmar ratio for NKLA, currently valued at -0.95, compared to the broader market0.002.004.006.00-0.953.03
The chart of Martin ratio for NKLA, currently valued at -1.51, compared to the broader market0.0010.0020.00-1.5113.52
NKLA
^SP500TR

The current NKLA Sharpe Ratio is -0.94, which is lower than the ^SP500TR Sharpe Ratio of 2.03. The chart below compares the historical Sharpe Ratios of NKLA and ^SP500TR, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-1.000.001.002.003.004.00JulyAugustSeptemberOctoberNovemberDecember
-0.94
2.03
NKLA
^SP500TR

Drawdowns

NKLA vs. ^SP500TR - Drawdown Comparison

The maximum NKLA drawdown since its inception was -99.95%, which is greater than ^SP500TR's maximum drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for NKLA and ^SP500TR. For additional features, visit the drawdowns tool.


-100.00%-80.00%-60.00%-40.00%-20.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-99.95%
-3.54%
NKLA
^SP500TR

Volatility

NKLA vs. ^SP500TR - Volatility Comparison

Nikola Corporation (NKLA) has a higher volatility of 29.04% compared to S&P 500 Total Return (^SP500TR) at 3.65%. This indicates that NKLA's price experiences larger fluctuations and is considered to be riskier than ^SP500TR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%10.00%20.00%30.00%40.00%50.00%JulyAugustSeptemberOctoberNovemberDecember
29.04%
3.65%
NKLA
^SP500TR
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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