NECADR Correlations

NECPY Stock

13.00 1.71 11.62%

The current 90-days correlation between NEC ADR and Worldline SA is -0.02 (i.e., Good diversification). The correlation of NECADR 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. If the correlation is 0, the equities are not correlated; they are entirely random.

NECADR Correlation With Market

Excellent diversification

The correlation between NEC ADR and DJI is -0.56 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding NEC ADR and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against NECADR Pink Sheet

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0.48	EMMA	Emmaus Life Sciences	Pair Corr
0.47	ABOS	Acumen Pharmaceuticals	Pair Corr
0.46	GS	Goldman Sachs Group	Pair Corr
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0.44	MEGI	MainStay CBRE Global Normal Trading	Pair Corr
0.39	JLHL	Julong Holding	Pair Corr
0.35	ASML	ASML Holding NV Sell-off Trend	Pair Corr
0.34	THXPF	Thor Explorations	Pair Corr
0.53	ZDZT	Zhengduozhe Technology	Pair Corr
0.47	AVHNY	Ackermans Van Haaren	Pair Corr
0.45	OLN	Olin	Pair Corr
0.4	037833BH2	APPLE INC 4375	Pair Corr
0.39	LAND	Gladstone Land	Pair Corr
0.37	CMG	Chipotle Mexican Grill	Pair Corr

Related Correlations Analysis

	NGRRF	ADSGF	EGHSF	SWDHF	BOYAF	BTRCF	WWLNF
NGRRF		0.0	0.39	0.0	-0.6	0.64	-0.62	NGRRF
ADSGF	0.0		0.0	-1.0	0.0	0.0	0.0	ADSGF
EGHSF	0.39	0.0		0.0	0.23	0.39	0.07	EGHSF
SWDHF	0.0	-1.0	0.0		0.0	0.0	0.0	SWDHF
BOYAF	-0.6	0.0	0.23	0.0		-0.47	0.81	BOYAF
BTRCF	0.64	0.0	0.39	0.0	-0.47		-0.62	BTRCF
WWLNF	-0.62	0.0	0.07	0.0	0.81	-0.62		WWLNF
	NGRRF	ADSGF	EGHSF	SWDHF	BOYAF	BTRCF	WWLNF

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

WWLNF	+ 0.81	BOYAF
BTRCF	+ 0.64	NGRRF
EGHSF	+ 0.39	NGRRF
BTRCF	+ 0.39	EGHSF
BOYAF	+ 0.23	EGHSF
WWLNF	+ 0.07	EGHSF

High negative correlations

SWDHF	- 1.0	ADSGF
WWLNF	- 0.62	BTRCF
WWLNF	- 0.62	NGRRF
BOYAF	- 0.6	NGRRF
BTRCF	- 0.47	BOYAF
WWLNF	- 0.0	SWDHF

Risk-Adjusted Indicators

There is a big difference between NECADR Pink Sheet performing well and NECADR 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 NECADR'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
NGRRF	2.46	0.59	0.10	0.56	2.81	(4.17)	4.99	(6.17)	42.78
ADSGF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EGHSF	1.06	(0.22)	0.00	(0.73)	0.00	0.00	1.72	(2.84)	8.19
SWDHF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BOYAF	1.34	(0.70)	0.00	(129.49)	0.00	0.00	0.00	0.00	39.24
BTRCF	0.31	(0.02)	0.00	0.01	0.00	0.00	1.80	(0.90)	6.67
WWLNF	1.32	(0.54)	0.00	1.13	0.00	0.00	0.00	0.00	36.90

Be your own money manager

Our tools can tell you how much better you can do entering a position in NECADR 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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NECADR Corporate Management

Yuko Yamamoto	Chief SVP	Profile
Masakazu Yamashina	Corporate Officer	Profile
Hiroshi Kodama	Corporate Officer	Profile
Koji Tamefusa	Corporate Officer	Profile
Mayuko Tatewaki	Corporate Division	Profile
Hidetoshi Uriu	Chief Officer	Profile

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