Nidec Correlations

NNDNF Stock

USD 14.00 0.31 2.17%

The current 90-days correlation between Nidec and SMC Corp is 0.07 (i.e., Significant diversification). The correlation of Nidec 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.

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

Moving together with Nidec Pink Sheet

0.64

SBGSY

Schneider Electric

Pair Corr

Moving against Nidec Pink Sheet

0.46	ERHE	ERHC Energy	Pair Corr
0.32	PH	Parker Hannifin Earnings Call Tomorrow	Pair Corr
0.55	TRV	The Travelers Companies Sell-off Trend	Pair Corr
0.52	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.31	JPM	JPMorgan Chase	Pair Corr

Related Correlations Analysis

	SMECF	VWSYF	VWDRY	SMCAY	IHICF	ALFVY	ALFVF	WEICF	TTNDY	SGSOF
SMECF		0.58	0.59	0.92	0.27	0.73	0.49	0.68	0.61	0.38	SMECF
VWSYF	0.58		0.99	0.62	0.17	0.7	0.66	0.77	0.31	0.26	VWSYF
VWDRY	0.59	0.99		0.63	0.16	0.72	0.67	0.78	0.32	0.25	VWDRY
SMCAY	0.92	0.62	0.63		0.36	0.81	0.63	0.74	0.69	0.49	SMCAY
IHICF	0.27	0.17	0.16	0.36		0.09	0.31	0.43	0.09	0.39	IHICF
ALFVY	0.73	0.7	0.72	0.81	0.09		0.68	0.68	0.84	0.36	ALFVY
ALFVF	0.49	0.66	0.67	0.63	0.31	0.68		0.81	0.45	0.34	ALFVF
WEICF	0.68	0.77	0.78	0.74	0.43	0.68	0.81		0.42	0.39	WEICF
TTNDY	0.61	0.31	0.32	0.69	0.09	0.84	0.45	0.42		0.29	TTNDY
SGSOF	0.38	0.26	0.25	0.49	0.39	0.36	0.34	0.39	0.29		SGSOF
	SMECF	VWSYF	VWDRY	SMCAY	IHICF	ALFVY	ALFVF	WEICF	TTNDY	SGSOF

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Risk-Adjusted Indicators

There is a big difference between Nidec Pink Sheet performing well and Nidec 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 Nidec'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
SMECF	2.97	0.38	0.08	(0.57)	3.09	(3.39)	5.87	(5.98)	22.56
VWSYF	1.97	0.65	0.36	0.62	1.23	(2.35)	7.05	(2.67)	15.73
VWDRY	1.90	0.67	0.39	0.48	1.17	(2.35)	5.94	(2.31)	22.20
SMCAY	1.79	0.29	0.10	0.78	2.09	(1.83)	4.31	(3.36)	12.27
IHICF	1.11	0.39	0.00	1.22	0.00	0.00	3.28	0.00	23.07
ALFVY	1.08	0.21	0.19	0.27	0.85	(1.26)	2.40	(1.51)	5.73
ALFVF	0.50	0.30	0.00	(0.34)	0.00	0.00	0.00	0.00	11.62
WEICF	3.00	1.10	0.30	(2.94)	2.33	(4.36)	6.75	(4.42)	37.32
TTNDY	1.48	0.09	0.04	0.17	1.95	(1.44)	3.23	(2.45)	8.38
SGSOF	1.83	0.17	0.02	(1.25)	2.28	(5.21)	6.36	(5.75)	17.63

Be your own money manager

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

Maki Okajima	CIO, Executive Officer	Profile
Masahiro Nagayasu	Gen Department	Profile
Toru Takahashi	VP Officer	Profile
Koseki Toshihiko	CTO VP	Profile
Fumiaki Ushio	VP Officer	Profile

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