Nintendo Correlations

Stocks . Germany . 
Stock . Nintendo Co
NTO Stock  EUR 48.98  0.20  0.41%   
The current 90-days correlation between Nintendo and Taiwan Semiconductor Manufacturing is 0.1 (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

Excellent diversification

The correlation between Nintendo Co and DJI is -0.68 (i.e., Excellent 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 against Nintendo Stock

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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

SMG
+ 0.95
SMG
TSFA
+ 0.9
ELG
TSFA
+ 0.75
SMG
TSFA
+ 0.75
SMG
SMG
+ 0.74
ELG
ELG
+ 0.71
SMG
  

High negative correlations

37H
- 0.58
UR3
SMG
- 0.52
UR3
SMG
- 0.46
UR3
ELG
- 0.35
UR3
TSFA
- 0.25
UR3

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 TezukaExecutive DivisionProfile
Kentaro YamagishiExecutive DivisionProfile
Shinya TakahashiGM OfficerProfile
Satoru ShibataGM OfficerProfile
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