Nabtesco Correlations
| NCTKFDelisted Stock | USD 15.81 0.00 0.00% |
The correlation of Nabtesco 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.
Nabtesco Correlation With Market
Average diversification
The correlation between Nabtesco and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nabtesco and DJI in the same portfolio, assuming nothing else is changed.
Nabtesco |
The ability to find closely correlated positions to Nabtesco could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Nabtesco 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 Nabtesco - 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 Nabtesco to buy it.
Moving together with Nabtesco Pink Sheet
| 0.73 | ETN | Eaton PLC | PairCorr |
| 0.74 | SBGSY | Schneider Electric | PairCorr |
| 0.65 | SBGSF | Schneider Electric | PairCorr |
| 0.86 | NSFDF | NXT Energy Solutions | PairCorr |
Moving against Nabtesco Pink Sheet
| 0.9 | PH | Parker Hannifin | PairCorr |
| 0.73 | B | Barrick Mining Symbol Change | PairCorr |
| 0.4 | ZPTA | Zapata Computing Holdings Buyout Trend | PairCorr |
| 0.92 | CHACR | Crane Harbor Acquisition | PairCorr |
| 0.87 | REGN | Regeneron Pharmaceuticals | PairCorr |
| 0.85 | AKAM | Akamai Technologies | PairCorr |
| 0.78 | GM | General Motors | PairCorr |
| 0.69 | HL | Hecla Mining Aggressive Push | PairCorr |
| 0.67 | KYOCF | Kyocera | PairCorr |
| 0.65 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.63 | 68233JBP8 | US68233JBP84 | PairCorr |
| 0.44 | EFTR | Effector Therapeutics | PairCorr |
| 0.91 | DNLMY | Dunelm Group PLC | PairCorr |
| 0.8 | APGE | Apogee Therapeutics, | PairCorr |
| 0.79 | CX | Cemex SAB de Aggressive Push | PairCorr |
| 0.66 | IDN | Intellicheck Mobilisa | PairCorr |
| 0.64 | EGP | EastGroup Properties | PairCorr |
| 0.59 | DDS | Dillards, | PairCorr |
| 0.37 | CRRFY | Carrefour SA PK | PairCorr |
| 0.31 | PII | Polaris Industries | PairCorr |
Related Correlations Analysis
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Nabtesco Pink Sheet performing well and Nabtesco 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 Nabtesco'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FJTCY | 0.38 | (0.03) | 0.00 | (0.02) | 0.00 | 0.00 | 7.97 | |||
| KRDXF | 0.85 | (0.30) | 0.00 | (0.33) | 0.00 | 0.82 | 12.18 | |||
| DNIYY | 0.47 | 0.19 | 0.00 | (1.29) | 0.00 | 0.00 | 17.87 | |||
| THKLY | 1.45 | (0.14) | 0.00 | (0.08) | 0.00 | 3.36 | 9.41 | |||
| MMNNF | 1.71 | 0.01 | 0.00 | 0.08 | 0.00 | 0.91 | 38.68 | |||
| SNYYF | 1.45 | 0.29 | 0.06 | (1.01) | 1.42 | 5.10 | 17.25 | |||
| AALBF | 0.71 | (0.06) | 0.00 | 0.53 | 0.00 | 2.15 | 10.25 | |||
| THKLF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| IRRHF | 0.20 | (0.10) | 0.00 | 1.01 | 0.00 | 0.00 | 4.79 | |||
| RTOXF | 0.59 | (0.09) | 0.00 | (0.53) | 0.00 | 1.34 | 10.01 |
Nabtesco Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Nabtesco pink sheet to make a market-neutral strategy. Peer analysis of Nabtesco could also be used in its relative valuation, which is a method of valuing Nabtesco by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Nabtesco Corporate Management
| Kazuyoshi Kimura | Ex Officer | Profile | |
| Akiyoshi Kitamura | Executive Officer | Profile | |
| Shoji Ijuin | Executive Officer | Profile | |
| Kazumasa Kimura | Executive Officer | Profile | |
| Atsushi Habe | Accounting Planning | Profile |
Still Interested in Nabtesco?
Investing in delisted pink sheets can be risky, as the pink sheet is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.