Nissin Foods Correlations
| NFPDFDelisted Stock | USD 24.20 0.00 0.00% |
The current 90-days correlation between Nissin Foods Holdings and Campbell Soup is 0.07 (i.e., Significant diversification). The correlation of Nissin Foods 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.
Nissin Foods Correlation With Market
Good diversification
The correlation between Nissin Foods Holdings and DJI is -0.18 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nissin Foods Holdings and DJI in the same portfolio, assuming nothing else is changed.
Nissin |
The ability to find closely correlated positions to Nissin Foods could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Nissin Foods 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 Nissin Foods - 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 Nissin Foods Holdings to buy it.
Moving together with Nissin Pink Sheet
| 0.67 | NSRGF | Nestle SA | PairCorr |
| 0.63 | BKRKF | PT Bank Rakyat | PairCorr |
| 0.62 | PPERF | Bank Mandiri Persero | PairCorr |
| 0.66 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
| 0.63 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
Moving against Nissin Pink Sheet
| 0.82 | PTAIF | PT Astra International | PairCorr |
| 0.8 | CIADY | China Mengniu Dairy | PairCorr |
| 0.74 | SSNLF | Samsung Electronics | PairCorr |
| 0.71 | K | Kellanova | PairCorr |
| 0.83 | HD | Home Depot | PairCorr |
| 0.81 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.76 | CSCO | Cisco Systems Sell-off Trend | PairCorr |
| 0.72 | HPQ | HP Inc | PairCorr |
| 0.69 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.69 | XOM | Exxon Mobil Corp Fiscal Year End 7th of February 2025 | PairCorr |
| 0.64 | GE | GE Aerospace Fiscal Year End 28th of January 2025 | PairCorr |
| 0.64 | CVX | Chevron Corp Sell-off Trend | PairCorr |
| 0.63 | T | ATT Inc Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.57 | IBM | International Business Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.56 | PLTR | Palantir Technologies Aggressive Push | PairCorr |
| 0.5 | DIS | Walt Disney Sell-off Trend | PairCorr |
| 0.49 | BAC | Bank of America Aggressive Push | PairCorr |
Related Correlations Analysis
| 0.88 | 0.7 | 0.91 | 0.94 | -0.57 | CPB | ||
| 0.88 | 0.64 | 0.93 | 0.9 | -0.39 | MKC | ||
| 0.7 | 0.64 | 0.63 | 0.64 | -0.23 | HRL | ||
| 0.91 | 0.93 | 0.63 | 0.91 | -0.52 | GIS | ||
| 0.94 | 0.9 | 0.64 | 0.91 | -0.55 | CAG | ||
| -0.57 | -0.39 | -0.23 | -0.52 | -0.55 | K | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Nissin Pink Sheet performing well and Nissin Foods 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 Nissin Foods' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CPB | 0.97 | (0.15) | 0.00 | (0.52) | 0.00 | 1.48 | 7.11 | |||
| MKC | 0.85 | (0.01) | 0.00 | 0.29 | 0.00 | 1.47 | 4.93 | |||
| HRL | 0.97 | 0.00 | (0.07) | 0.16 | 1.64 | 1.83 | 8.25 | |||
| GIS | 0.73 | (0.09) | 0.00 | 0.77 | 0.00 | 1.31 | 4.70 | |||
| CAG | 0.92 | (0.21) | 0.00 | (1.09) | 0.00 | 1.71 | 10.38 | |||
| K | 0.14 | 0.01 | (0.61) | 0.21 | 0.05 | 0.37 | 0.93 |
Nissin Foods 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 Nissin Foods pink sheet to make a market-neutral strategy. Peer analysis of Nissin Foods could also be used in its relative valuation, which is a method of valuing Nissin Foods by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Nissin Foods Corporate Management
| Shigeru Masaki | Chief Officer | Profile | |
| Takashi Yano | CFO Officer | Profile | |
| Katsuyoshi Fukazawa | Chief Officer | Profile | |
| Toshihiro Narita | Chief Officer | Profile |
Still Interested in Nissin Foods Holdings?
Investing in delisted pink sheets can be risky, as the pink sheet is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.