NOMURA RESEARCH Correlations

NR7 Stock

28.20 0.20 0.71%

The current 90-days correlation between NOMURA RESEARCH and Zurich Insurance Group is -0.1 (i.e., Good diversification). The correlation of NOMURA RESEARCH 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 RESEARCH Correlation With Market

Good diversification

The correlation between NOMURA RESEARCH and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding NOMURA RESEARCH and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against NOMURA Stock

0.67	APC	Apple Inc	Pair Corr
0.66	APC	Apple Inc	Pair Corr
0.66	APC	Apple Inc	Pair Corr
0.66	APC	Apple Inc	Pair Corr
0.66	APC	Apple Inc	Pair Corr
0.66	APC	Apple Inc	Pair Corr
0.64	MSF	Microsoft	Pair Corr
0.64	MSF	Microsoft	Pair Corr
0.63	MSF	Microsoft	Pair Corr
0.63	MSF	Microsoft	Pair Corr
0.4	E908	Lyxor 1	Pair Corr

Related Correlations Analysis

	ZFI1	4JP	6WW	4D7	EK7A	JAT	BMT	DFA1
ZFI1		0.85	-0.48	0.18	0.74	0.31	0.84	0.69	ZFI1
4JP	0.85		-0.45	0.38	0.5	0.47	0.93	0.6	4JP
6WW	-0.48	-0.45		0.4	-0.52	0.13	-0.43	-0.73	6WW
4D7	0.18	0.38	0.4		-0.16	0.5	0.44	-0.37	4D7
EK7A	0.74	0.5	-0.52	-0.16		-0.03	0.54	0.81	EK7A
JAT	0.31	0.47	0.13	0.5	-0.03		0.32	-0.07	JAT
BMT	0.84	0.93	-0.43	0.44	0.54	0.32		0.56	BMT
DFA1	0.69	0.6	-0.73	-0.37	0.81	-0.07	0.56		DFA1
	ZFI1	4JP	6WW	4D7	EK7A	JAT	BMT	DFA1

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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

BMT	+ 0.93	4JP
4JP	+ 0.85	ZFI1
BMT	+ 0.84	ZFI1
DFA1	+ 0.81	EK7A
EK7A	+ 0.74	ZFI1
DFA1	+ 0.69	ZFI1

High negative correlations

DFA1	- 0.73	6WW
EK7A	- 0.52	6WW
6WW	- 0.48	ZFI1
6WW	- 0.45	4JP
BMT	- 0.43	6WW
DFA1	- 0.37	4D7

Risk-Adjusted Indicators

There is a big difference between NOMURA Stock performing well and NOMURA RESEARCH 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 RESEARCH'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
ZFI1	1.40	0.12	0.04	0.39	1.45	(2.25)	4.51	(3.31)	9.19
4JP	1.31	0.11	0.05	0.27	1.27	(1.88)	2.72	(2.17)	12.54
6WW	2.09	(0.09)	0.00	0.25	0.00	0.00	6.36	(3.90)	32.89
4D7	0.92	(0.02)	0.00	(0.20)	0.00	0.00	1.87	(1.89)	5.77
EK7A	1.57	0.39	0.15	(2.16)	1.44	(2.31)	4.76	(2.61)	11.57
JAT	1.04	(0.06)	0.00	(0.14)	0.00	0.00	2.27	(2.36)	5.59
BMT	0.95	0.11	0.03	(0.38)	1.15	(1.00)	2.41	(2.49)	6.32
DFA1	2.62	0.56	0.13	70.48	3.08	(3.36)	6.56	(3.68)	25.44

NOMURA RESEARCH Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with NOMURA RESEARCH stock to make a market-neutral strategy. Peer analysis of NOMURA RESEARCH could also be used in its relative valuation, which is a method of valuing NOMURA RESEARCH by comparing valuation metrics with similar companies.

Zurich Insurance Group Japan Post Insurance WIMFARM SA EO Daito Trust Construction AGRICULTBK HADR25 YC Japan Tobacco BRIT AMER TOBACCO Dairy Farm International American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne CVS Health Corp

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