Nintendo Correlations

Stocks . Germany . 
Stock . Nintendo Co
NTO Stock  EUR 55.58  1.44  2.53%   
The current 90-days correlation between Nintendo and CDN IMPERIAL BANK is 0.14 (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

Good diversification

The correlation between Nintendo Co and DJI is -0.11 (i.e., Good diversification) 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 Stock

  0.97NTOA NintendoPairCorr
  0.69931 Sea LimitedPairCorr

Moving against Nintendo Stock

  0.75WDC WESTERN DIGITAL Earnings Call Next WeekPairCorr
  0.75WDC WESTERN DIGITAL Earnings Call Next WeekPairCorr
  0.75WDC Western Digital Earnings Call Next WeekPairCorr
  0.74WDC WESTERN DIGITAL Earnings Call Next WeekPairCorr
  0.717NX NEXON CoPairCorr
  0.77NX NEXON CoPairCorr
  0.63WDC WESTERN DIGITAL Earnings Call Next WeekPairCorr
  0.54ERT Electronic ArtsPairCorr
  0.910B2 BAWAG Group AGPairCorr
  0.87ALV Allianz SEPairCorr
  0.83M3N Man Group plcPairCorr
  0.82AZU EBRO FOODSPairCorr
  0.85D4 DOUGLAS DYNAMICSPairCorr
  0.76HP6H Harbin ElectricPairCorr
  0.76TF7A TYSON FOODS APairCorr
  0.7591D COMPASS INCCLA 00001PairCorr
  0.73WI1 Winnebago IndustriesPairCorr
  0.68KK2 Sun AKaken LimitedPairCorr
  0.6WPOB Graham HoldingsPairCorr
  0.535CI LogistaPairCorr
  0.49RGN RepligenPairCorr
  0.48GLW Corning Incorporated Earnings Call This WeekPairCorr
  0.42MCY MERCURY SYSTEMPairCorr
  0.93FFH Fifth Third BancorpPairCorr
  0.87BYG Bouygues SAPairCorr
  0.85Y87 GOLCONDA GOLD LTDPairCorr
  0.85WAC Wacker Neuson SEPairCorr

Related Correlations Analysis


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

CAI
+ 0.87
UN9
UN9
+ 0.82
CBR
CAI
+ 0.81
CBR
UN9
+ 0.68
1QK
1QK
+ 0.59
CBR
CAI
+ 0.5
1QK
  

High negative correlations

CBR
- 0.24
GKE
CAI
- 0.08
GKE
WX7
- 0.06
1QK
UN9
- 0.01
GKE
1QK
- 0.0
GKE

Risk-Adjusted Indicators

There is a big difference between Nintendo Stock 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.

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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Nintendo Corporate Management

Elected by the shareholders, the Nintendo's board of directors comprises two types of representatives: Nintendo inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Nintendo. The board's role is to monitor Nintendo's management team and ensure that shareholders' interests are well served. Nintendo's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Nintendo's outside directors are responsible for providing unbiased perspectives on the board's policies.
Hajime MurakamiGM OfficerProfile
Satoshi YamatoSr OfficerProfile
Takashi TezukaExec DivisionProfile
Kentaro YamagishiExec DivisionProfile
Shinya TakahashiGM OfficerProfile
Satoru ShibataGM OfficerProfile
Shuntaro FurukawaChairman PresProfile
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