NEXON Correlations
| NEXOF Stock | USD 25.50 0.00 0.00% |
The current 90-days correlation between NEXON and The Sage Group is -0.1 (i.e., Good diversification). The correlation of NEXON 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.
NEXON Correlation With Market
Poor diversification
The correlation between NEXON Co and DJI is 0.66 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding NEXON Co and DJI in the same portfolio, assuming nothing else is changed.
NEXON |
The ability to find closely correlated positions to NEXON could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NEXON 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 NEXON - 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 NEXON Co to buy it.
Moving together with NEXON Pink Sheet
| 0.87 | NEXOY | Nexon Co | PairCorr |
| 0.64 | PPERY | Bank Mandiri Persero Earnings Call This Week | PairCorr |
| 0.69 | MBFJF | Mitsubishi UFJ Financial Earnings Call This Week | PairCorr |
| 0.81 | JPSTF | JAPAN POST BANK | PairCorr |
| 0.68 | MZHOF | Mizuho Financial Earnings Call This Week | PairCorr |
| 0.81 | DD | Dupont De Nemours | PairCorr |
| 0.87 | WMT | Walmart Common Stock Aggressive Push | PairCorr |
| 0.84 | JNJ | Johnson Johnson Sell-off Trend | PairCorr |
Moving against NEXON Pink Sheet
| 0.84 | RBLX | Roblox Corp Earnings Call This Week | PairCorr |
| 0.77 | NTDOF | Nintendo Earnings Call This Week | PairCorr |
| 0.77 | NTDOY | Nintendo Co ADR Earnings Call This Week | PairCorr |
| 0.66 | PBCRY | Bank Central Asia | PairCorr |
| 0.55 | BKRKY | Bank Rakyat | PairCorr |
| 0.75 | MSFT | Microsoft | PairCorr |
| 0.68 | HPQ | HP Inc | PairCorr |
| 0.44 | PG | Procter Gamble | PairCorr |
| 0.34 | T | ATT Inc Earnings Call This Week | 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 NEXON Pink Sheet performing well and NEXON 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 NEXON'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CCOEY | 2.00 | (0.23) | 0.00 | (0.31) | 0.00 | 4.71 | 14.32 | |||
| CCOEF | 1.06 | (0.07) | 0.00 | (0.29) | 0.00 | 3.46 | 17.79 | |||
| SGGEF | 1.19 | (0.19) | 0.00 | (1.87) | 0.00 | 4.77 | 13.77 | |||
| SGPYY | 1.22 | (0.25) | 0.00 | (0.49) | 0.00 | 1.97 | 7.74 | |||
| WTCHF | 1.01 | (0.20) | 0.00 | (0.48) | 0.00 | 1.52 | 14.84 | |||
| WIZEY | 1.60 | (0.01) | (0.02) | 1.67 | 1.79 | 3.09 | 17.26 | |||
| WPLCF | 1.69 | 0.00 | 0.00 | 0.04 | 0.00 | 3.19 | 17.05 | |||
| NEMTF | 1.04 | (0.51) | 0.00 | 0.45 | 0.00 | 0.00 | 33.70 | |||
| SNPTF | 0.98 | (0.41) | 0.00 | 0.90 | 0.00 | 0.00 | 18.76 | |||
| WIGBY | 1.44 | (0.18) | 0.00 | 8.81 | 0.00 | 4.54 | 17.05 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in NEXON 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.Did you try this?
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NEXON Corporate Management
| Koji Abe | G Counsel | Profile | |
| Junko Tomita | Investor Officer | Profile | |
| Takanori Kawai | Team Relations | Profile | |
| Maiko Ara | Head PR | Profile | |
| Nicolas Dyk | Chief VP | Profile |