Nikon Corp Correlations
| NINOY Stock | USD 11.78 0.18 1.51% |
The current 90-days correlation between Nikon Corp and Yamaha Corp DRC is 0.05 (i.e., Significant diversification). The correlation of Nikon Corp 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.
Nikon Corp Correlation With Market
Significant diversification
The correlation between Nikon Corp and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nikon Corp and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Nikon Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Nikon Corp 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 Nikon Corp - 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 Nikon Corp to buy it.
Moving together with Nikon Pink Sheet
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| 0.66 | LNNGF | Li Ning Company | PairCorr |
| 0.66 | MUFG | Mitsubishi UFJ Financial | PairCorr |
| 0.82 | SSNLF | Samsung Electronics | PairCorr |
| 0.75 | SMFNF | Sumitomo Mitsui Financial | PairCorr |
| 0.76 | KB | KB Financial Group | PairCorr |
| 0.63 | MET | MetLife Sell-off Trend | PairCorr |
| 0.72 | JXN-PA | Jackson Financial | PairCorr |
| 0.61 | WMT | Walmart Aggressive Push | PairCorr |
| 0.76 | HPQ | HP Inc | PairCorr |
| 0.73 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.68 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.81 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.71 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
| 0.64 | XOM | Exxon Mobil Corp Fiscal Year End 7th of February 2025 | PairCorr |
| 0.74 | CVX | Chevron Corp Sell-off Trend | PairCorr |
| 0.88 | CSCO | Cisco Systems Sell-off Trend | PairCorr |
Moving against Nikon Pink Sheet
| 0.85 | SMNNY | Shimano Inc ADR | PairCorr |
| 0.81 | OLCLY | Oriental Land | PairCorr |
| 0.73 | SHMDF | Shimano | PairCorr |
| 0.63 | SHG | Shinhan Financial | PairCorr |
| 0.62 | NCBDY | BANDAI NAMCO Holdings | PairCorr |
| 0.46 | OLCLF | Oriental Land | PairCorr |
| 0.78 | KO | Coca Cola Aggressive Push | PairCorr |
| 0.65 | JNJ | Johnson Johnson Sell-off Trend | PairCorr |
| 0.35 | VZ | Verizon Communications Sell-off Trend | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 Nikon Pink Sheet performing well and Nikon Corp 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 Nikon Corp'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| YAMCY | 1.45 | (0.16) | 0.00 | (0.29) | 0.00 | 3.10 | 12.50 | |||
| PLNT | 1.33 | 0.22 | 0.13 | 0.43 | 1.18 | 3.44 | 12.22 | |||
| PLBY | 4.84 | 1.91 | 0.26 | (0.90) | 4.50 | 16.67 | 61.32 | |||
| NLS | 2.30 | (0.38) | 0.00 | (0.47) | 0.00 | 5.26 | 20.07 | |||
| SMNNY | 1.36 | (0.51) | 0.00 | (1.24) | 0.00 | 1.98 | 7.36 | |||
| NINOF | 4.21 | 0.57 | 0.09 | 0.79 | 4.43 | 10.29 | 30.99 | |||
| NCBDY | 1.59 | (0.07) | 0.00 | (0.05) | 0.00 | 2.76 | 11.84 | |||
| MSGE | 1.29 | (0.34) | 0.00 | (0.15) | 0.00 | 2.49 | 13.38 | |||
| SHMDF | 1.58 | (0.60) | 0.00 | (0.56) | 0.00 | 2.76 | 23.90 | |||
| NCBDF | 0.49 | (0.01) | 0.00 | (0.17) | 0.00 | 0.36 | 18.44 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Nikon Corp 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.Did you try this?
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Nikon Corp Corporate Management
| Nobuyuki Ishizuka | Chief VP | Profile | |
| Takumi Odajima | Executive Officer | Profile | |
| Muneaki Tokunari | Ex Director | Profile | |
| Hiroyuki Ikegami | Sr Unit | Profile | |
| Kenji Yoshikawa | Executive Officer | Profile |