Nomura Holdings Correlations

NMR Stock

USD 5.98 0.10 1.70%

The current 90-days correlation between Nomura Holdings ADR and Houlihan Lokey 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

Very weak diversification

The correlation between Nomura Holdings ADR and DJI is 0.51 (i.e., Very 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

0.84	V	Visa Class A	Pair Corr
0.83	DIST	Distoken Acquisition	Pair Corr
0.88	BN	Brookfield Corp	Pair Corr
0.81	BX	Blackstone Group Earnings Call This Week	Pair Corr
0.68	CG	Carlyle Group	Pair Corr
0.92	GS	Goldman Sachs Group Fiscal Year End 21st of January 2025	Pair Corr
0.74	LC	LendingClub Corp	Pair Corr
0.71	MA	Mastercard	Pair Corr
0.83	MC	Moelis	Pair Corr
0.85	MS	Morgan Stanley Fiscal Year End 21st of January 2025	Pair Corr
0.84	PX	P10 Inc	Pair Corr
0.67	QD	Qudian Inc	Pair Corr
0.61	RC	Ready Capital Corp	Pair Corr
0.81	SF	Stifel Financial Earnings Call This Week	Pair Corr
0.85	VCTR	Victory Capital Holdings	Pair Corr
0.91	VIRT	Virtu Financial Earnings Call This Week	Pair Corr
0.72	VRTS	Virtus Investment	Pair Corr

Moving against Nomura Stock

0.62	LU	Lufax Holding	Pair Corr
0.66	PWUPW	PowerUp Acquisition Corp	Pair Corr
0.53	XP	Xp Inc	Pair Corr
0.45	WU	Western Union	Pair Corr
0.35	PWUPU	PowerUp Acquisition Corp	Pair Corr
0.32	PT	Pintec Technology	Pair Corr
0.56	WAVS	Western Acquisition	Pair Corr
0.41	EMCGU	Embrace Change Acqui	Pair Corr

Related Correlations Analysis

	PWP	OPY	SF-PC	PIPR	SF-PB	TCJH	SAI	SRL	HLI	SNEX
PWP		0.65	-0.06	0.85	0.14	-0.18	-0.22	-0.44	0.87	0.81	PWP
OPY	0.65		-0.13	0.32	0.04	-0.22	0.17	-0.33	0.42	0.88	OPY
SF-PC	-0.06	-0.13		-0.1	0.44	-0.24	0.23	0.43	-0.15	-0.02	SF-PC
PIPR	0.85	0.32	-0.1		0.26	0.16	-0.51	-0.32	0.96	0.58	PIPR
SF-PB	0.14	0.04	0.44	0.26		0.21	-0.32	-0.17	0.27	0.1	SF-PB
TCJH	-0.18	-0.22	-0.24	0.16	0.21		-0.56	0.04	0.11	-0.22	TCJH
SAI	-0.22	0.17	0.23	-0.51	-0.32	-0.56		0.41	-0.42	0.06	SAI
SRL	-0.44	-0.33	0.43	-0.32	-0.17	0.04	0.41		-0.36	-0.29	SRL
HLI	0.87	0.42	-0.15	0.96	0.27	0.11	-0.42	-0.36		0.64	HLI
SNEX	0.81	0.88	-0.02	0.58	0.1	-0.22	0.06	-0.29	0.64		SNEX
	PWP	OPY	SF-PC	PIPR	SF-PB	TCJH	SAI	SRL	HLI	SNEX

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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

HLI	+ 0.96	PIPR
SNEX	+ 0.88	OPY
HLI	+ 0.87	PWP
PIPR	+ 0.85	PWP
SNEX	+ 0.81	PWP
OPY	+ 0.65	PWP

High negative correlations

SAI	- 0.56	TCJH
SAI	- 0.51	PIPR
SRL	- 0.44	PWP
HLI	- 0.42	SAI
HLI	- 0.36	SRL
SRL	- 0.33	OPY

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
PWP	2.04	0.31	0.14	0.47	1.92	(2.50)	4.93	(3.79)	23.66
OPY	1.60	0.55	0.38	0.98	0.94	(1.91)	4.94	(2.06)	14.42
SF-PC	0.52	(0.01)	0.00	(0.18)	0.00	0.00	1.05	(1.06)	3.64
PIPR	1.56	0.07	0.03	0.11	1.79	(1.87)	3.13	(3.09)	24.59
SF-PB	0.47	(0.02)	0.00	(0.08)	0.00	0.00	1.13	(1.05)	2.94
TCJH	7.23	0.62	0.08	0.23	7.09	(11.06)	15.56	(13.46)	105.28
SAI	6.48	1.07	0.14	(0.21)	5.97	(9.55)	17.24	(10.29)	80.17
SRL	2.51	0.07	0.02	(0.30)	2.77	(3.39)	3.90	(4.19)	41.24
HLI	1.29	0.10	0.07	0.21	1.32	(1.48)	2.43	(2.23)	13.87
SNEX	1.43	0.28	0.16	0.33	1.40	(1.58)	2.90	(2.66)	10.90

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