Nintendo Correlations

NTDOY Stock

USD 13.21 0.10 0.75%

The current 90-days correlation between Nintendo Co ADR and Electronic Arts is -0.06 (i.e., Good 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Nintendo Correlation With Market

Good diversification

The correlation between Nintendo Co ADR and DJI is -0.16 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nintendo Co ADR 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 ADR to buy it.

Moving together with Nintendo Pink Sheet

0.73

Boeing Fiscal Year End 29th of January 2025

Pair Corr

Moving against Nintendo Pink Sheet

0.75	T	ATT Inc Aggressive Push	Pair Corr
0.71	PTAIF	PT Astra International	Pair Corr
0.65	WMT	Walmart Aggressive Push	Pair Corr
0.59	SSNLF	Samsung Electronics	Pair Corr
0.53	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.53	HD	Home Depot	Pair Corr
0.52	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.44	IBM	International Business Fiscal Year End 22nd of January 2025	Pair Corr
0.43	DIS	Walt Disney Aggressive Push	Pair Corr
0.43	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.4	HPQ	HP Inc	Pair Corr
0.37	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.36	MCD	McDonalds Fiscal Year End 3rd of February 2025	Pair Corr
0.34	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr

Related Correlations Analysis

	KNAMF	SQNXF	CCOEY	MIXIF	EA	ATVI	RBLX	NTES	TTWO	PLTK
KNAMF		0.16	0.31	0.3	-0.52	-0.53	-0.57	0.21	-0.58	-0.53	KNAMF
SQNXF	0.16		0.23	-0.07	-0.41	-0.36	-0.2	0.23	-0.38	-0.06	SQNXF
CCOEY	0.31	0.23		0.59	-0.42	-0.39	-0.22	0.36	-0.44	-0.13	CCOEY
MIXIF	0.3	-0.07	0.59		-0.49	-0.6	-0.26	0.16	-0.57	-0.46	MIXIF
EA	-0.52	-0.41	-0.42	-0.49		0.8	0.78	-0.18	0.96	0.71	EA
ATVI	-0.53	-0.36	-0.39	-0.6	0.8		0.57	0.04	0.85	0.75	ATVI
RBLX	-0.57	-0.2	-0.22	-0.26	0.78	0.57		-0.26	0.74	0.78	RBLX
NTES	0.21	0.23	0.36	0.16	-0.18	0.04	-0.26		-0.23	0.04	NTES
TTWO	-0.58	-0.38	-0.44	-0.57	0.96	0.85	0.74	-0.23		0.75	TTWO
PLTK	-0.53	-0.06	-0.13	-0.46	0.71	0.75	0.78	0.04	0.75		PLTK
	KNAMF	SQNXF	CCOEY	MIXIF	EA	ATVI	RBLX	NTES	TTWO	PLTK

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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

TTWO	+ 0.96	EA
TTWO	+ 0.85	ATVI
ATVI	+ 0.8	EA
RBLX	+ 0.78	EA
PLTK	+ 0.78	RBLX
PLTK	+ 0.75	ATVI

High negative correlations

ATVI	- 0.6	MIXIF
TTWO	- 0.58	KNAMF
TTWO	- 0.57	MIXIF
RBLX	- 0.57	KNAMF
PLTK	- 0.53	KNAMF
ATVI	- 0.53	KNAMF

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
KNAMF	4.39	2.26	0.00	(11.56)	0.00	0.00	16.24	(4.49)	16.58
SQNXF	1.88	0.35	0.05	(8.25)	2.11	(3.78)	9.10	(4.16)	21.40
CCOEY	1.62	0.03	(0.03)	(0.45)	1.87	(1.82)	3.55	(3.35)	9.51
MIXIF	0.01	(0.01)	0.00	10.44	0.00	0.00	0.00	0.00	0.24
EA	0.85	0.13	0.06	0.38	1.19	(0.80)	1.64	(1.75)	4.73
ATVI	1.03	0.12	0.02	1.28	2.02	(1.08)	1.89	(1.16)	12.20
RBLX	1.78	0.38	0.16	1.79	1.65	(2.10)	3.47	(2.80)	23.68
NTES	2.20	(0.03)	(0.03)	0.01	2.98	(2.52)	4.88	(5.14)	13.81
TTWO	0.96	0.23	0.13	0.56	1.16	(1.03)	2.73	(2.13)	9.66
PLTK	1.27	0.18	0.12	0.26	1.15	(1.53)	3.08	(2.19)	9.23

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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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