Nintendo Correlations

NTDOF Stock

USD 56.75 1.21 2.18%

The current 90-days correlation between Nintendo and NetEase is 0.17 (i.e., Average diversification). The correlation of Nintendo 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.

Nintendo Correlation With Market

Pay attention - limited upside

The correlation between Nintendo Co and DJI is -0.87 (i.e., Pay attention - limited upside) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nintendo Co and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Nintendo Pink Sheet

0.9	RBLX	Roblox Corp	Pair Corr
1.0	NTDOY	Nintendo Co ADR	Pair Corr
0.64	PTAIF	PT Astra International	Pair Corr

Moving against Nintendo Pink Sheet

0.87	PTITF	PT Indosat Tbk	Pair Corr
0.67	KEP	Korea Electric Power Earnings Call This Week	Pair Corr
0.66	NEXOF	NEXON Co	Pair Corr
0.62	EC	Ecopetrol SA ADR	Pair Corr
0.58	BILI	Bilibili Earnings Call Today	Pair Corr
0.49	PTAIY	Astra International Tbk Earnings Call This Week	Pair Corr
0.93	MS-PF	Morgan Stanley	Pair Corr
0.85	ZDZT	Zhengduozhe Technology	Pair Corr
0.84	YLLXF	Yellow Cake plc	Pair Corr
0.84	FRFFF	Fairfax Financial	Pair Corr
0.84	EMMA	Emmaus Life Sciences	Pair Corr
0.74	BLAGF	Blue Lagoon Resources	Pair Corr
0.66	TLOFF	Talon Metals Corp	Pair Corr
0.64	UMAC	Unusual Machines Buyout Trend	Pair Corr
0.6	NNBR	NN Inc	Pair Corr
0.57	NTZ	Natuzzi SpA	Pair Corr
0.51	PNRG	PrimeEnergy	Pair Corr
0.43	ANF	Abercrombie Fitch	Pair Corr
0.42	SHIP	Seanergy Maritime	Pair Corr
0.9	BNEFF	Bonterra Energy Corp	Pair Corr
0.82	JOE	St Joe Company Earnings Call This Week	Pair Corr
0.79	TATT	Tat Techno	Pair Corr
0.78	TOGOF	TomaGold	Pair Corr
0.76	TORO	Toro	Pair Corr
0.73	AES	AES Earnings Call This Week	Pair Corr

Related Correlations Analysis

	NETTF	TOELY	KYCCF	ADTTF	ATEYY	HNHPF	VEMLY	KONMY	NEXOY	NEXOF
NETTF		0.19	0.33	-0.21	-0.19	0.02	-0.1	-0.16	0.63	0.31	NETTF
TOELY	0.19		0.75	0.79	0.85	-0.19	0.84	-0.7	0.27	0.57	TOELY
KYCCF	0.33	0.75		0.5	0.49	-0.07	0.56	-0.56	0.51	0.46	KYCCF
ADTTF	-0.21	0.79	0.5		0.93	-0.31	0.85	-0.57	-0.1	0.29	ADTTF
ATEYY	-0.19	0.85	0.49	0.93		-0.27	0.88	-0.64	-0.04	0.46	ATEYY
HNHPF	0.02	-0.19	-0.07	-0.31	-0.27		-0.31	0.38	0.04	-0.4	HNHPF
VEMLY	-0.1	0.84	0.56	0.85	0.88	-0.31		-0.56	0.12	0.47	VEMLY
KONMY	-0.16	-0.7	-0.56	-0.57	-0.64	0.38	-0.56		-0.03	-0.65	KONMY
NEXOY	0.63	0.27	0.51	-0.1	-0.04	0.04	0.12	-0.03		0.34	NEXOY
NEXOF	0.31	0.57	0.46	0.29	0.46	-0.4	0.47	-0.65	0.34		NEXOF
	NETTF	TOELY	KYCCF	ADTTF	ATEYY	HNHPF	VEMLY	KONMY	NEXOY	NEXOF

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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

ATEYY	+ 0.93	ADTTF
VEMLY	+ 0.88	ATEYY
ATEYY	+ 0.85	TOELY
VEMLY	+ 0.85	ADTTF
VEMLY	+ 0.84	TOELY
ADTTF	+ 0.79	TOELY

High negative correlations

KONMY	- 0.7	TOELY
NEXOF	- 0.65	KONMY
KONMY	- 0.64	ATEYY
KONMY	- 0.57	ADTTF
KONMY	- 0.56	VEMLY
KONMY	- 0.56	KYCCF

Risk-Adjusted Indicators

There is a big difference between Nintendo Pink Sheet performing well and Nintendo 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 Nintendo'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
NETTF	0.66	(0.14)	0.00	(0.75)	0.00	0.00	0.45	0.00	25.64
TOELY	2.17	0.38	0.13	0.30	2.80	(2.22)	4.76	(3.65)	14.26
KYCCF	1.81	0.07	0.03	0.11	2.05	(2.04)	4.00	(3.77)	11.03
ADTTF	2.69	0.46	0.08	0.50	2.67	(8.58)	8.48	(6.49)	40.04
ATEYY	2.86	0.47	0.14	0.22	3.24	(3.17)	6.50	(7.55)	25.26
HNHPF	1.44	(0.25)	0.00	(0.19)	0.00	0.00	2.88	(2.80)	9.49
VEMLY	1.42	0.23	0.05	0.51	1.89	(3.18)	4.14	(3.76)	17.42
KONMY	1.87	(0.38)	0.00	0.91	0.00	0.00	3.01	(6.13)	12.83
NEXOY	1.82	(0.18)	0.00	(0.36)	0.00	0.00	3.28	(3.05)	22.73
NEXOF	1.02	0.27	0.00	0.59	0.00	0.00	5.60	0.00	20.42

Be your own money manager

Our tools can tell you how much better you can do entering a position in Nintendo 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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