Nomura Holdings Correlations

NMR Stock

USD 6.05 0.09 1.51%

The current 90-days correlation between Nomura Holdings ADR and Evercore Partners is 0.32 (i.e., Weak diversification). The correlation of Nomura Holdings 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.

Nomura Holdings Correlation With Market

Weak diversification

The correlation between Nomura Holdings ADR and DJI is 0.39 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nomura Holdings ADR and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nomura Holdings ADR. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

Moving together with Nomura Stock

0.65	DHIL	Diamond Hill Investment	Pair Corr
0.66	AX	Axos Financial	Pair Corr
0.66	BY	Byline Bancorp Fiscal Year End 23rd of January 2025	Pair Corr

Moving against Nomura Stock

0.48	CB	Chubb	Pair Corr
0.37	DB	Deutsche Bank AG	Pair Corr
0.6	PSEC-PA	Prospect Capital	Pair Corr
0.44	WD	Walker Dunlop	Pair Corr
0.43	LU	Lufax Holding	Pair Corr
0.39	RY	Royal Bank Fiscal Year End 5th of December 2024	Pair Corr

Related Correlations Analysis

	EVR	SCRYY	AQUI	SCRYX	MSTSX	ID	VIASP	MURIX
EVR		0.56	0.0	0.88	0.56	0.7	0.59	-0.04	EVR
SCRYY	0.56		0.0	0.44	0.47	0.45	0.46	-0.05	SCRYY
AQUI	0.0	0.0		0.0	0.0	0.0	0.0	0.0	AQUI
SCRYX	0.88	0.44	0.0		0.58	0.62	0.46	0.27	SCRYX
MSTSX	0.56	0.47	0.0	0.58		0.4	-0.09	0.16	MSTSX
ID	0.7	0.45	0.0	0.62	0.4		0.51	0.07	ID
VIASP	0.59	0.46	0.0	0.46	-0.09	0.51		-0.14	VIASP
MURIX	-0.04	-0.05	0.0	0.27	0.16	0.07	-0.14		MURIX
	EVR	SCRYY	AQUI	SCRYX	MSTSX	ID	VIASP	MURIX

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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

SCRYX	+ 0.88	EVR
ID	+ 0.7	EVR
ID	+ 0.62	SCRYX
VIASP	+ 0.59	EVR
MSTSX	+ 0.58	SCRYX
SCRYY	+ 0.56	EVR

High negative correlations

MURIX	- 0.14	VIASP
VIASP	- 0.09	MSTSX
MURIX	- 0.05	SCRYY
MURIX	- 0.04	EVR
MURIX	- 0.0	AQUI
VIASP	- 0.0	AQUI

Risk-Adjusted Indicators

There is a big difference between Nomura Stock performing well and Nomura Holdings 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 Nomura Holdings' 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
EVR	1.59	0.15	0.16	0.14	1.60	(1.82)	3.06	(2.72)	19.27
SCRYY	2.12	0.43	0.13	(1.15)	2.05	(2.81)	5.61	(4.09)	12.99
AQUI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SCRYX	0.97	0.09	0.01	0.99	0.96	(1.10)	2.39	(1.69)	7.88
MSTSX	0.49	(0.03)	(0.09)	0.05	0.52	(0.59)	1.21	(1.02)	2.80
ID	3.81	0.25	0.03	1.85	4.78	(4.93)	7.69	(7.69)	23.97
VIASP	0.75	0.14	0.04	(6.44)	1.01	(0.84)	2.28	(1.15)	7.18
MURIX	0.39	(0.01)	0.00	0.21	0.00	0.00	0.80	(0.93)	3.44

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