NEXON Correlations

Stocks . Germany . 
Stock . NEXON Co
7NX Stock   12.50  0.10  0.79%   
The current 90-days correlation between NEXON and China Communications Services is 0.06 (i.e., Significant diversification). The correlation of NEXON 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.

NEXON Correlation With Market

Modest diversification

The correlation between NEXON Co and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding NEXON Co and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to NEXON could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NEXON 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 NEXON - 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 NEXON Co to buy it.

Moving together with NEXON Stock

  0.66ERT Electronic ArtsPairCorr
  0.927NX NEXON CoPairCorr

Moving against NEXON Stock

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  0.48ZHJ Zhejiang Expressway Earnings Call This WeekPairCorr
  0.39NTO NintendoPairCorr
  0.39NTOA NintendoPairCorr
  0.34J2E Jupiter EnergyPairCorr
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  0.63WPHB Warehouses De PauwPairCorr
  0.62LBL KAROON GAS AUSTPairCorr
  0.6DEZ Deutz AG Earnings Call TodayPairCorr
  0.57RPU Republic ServicesPairCorr
  0.55IBE1 Iberdrola SAPairCorr
  0.51DTEA Deutsche TelekomPairCorr
  0.4919YA Yiren DigitalPairCorr
  0.49APM AD PEPPER MEDIAPairCorr
  0.47T04 TITOMIC LTDPairCorr
  0.4307M China Modern DairyPairCorr
  0.39IFX Infineon TechnologiesPairCorr
  0.38MGK Magic Software EnterPairCorr
  0.35A0T American Tower CorpPairCorr
  0.63RRTU RTL GROUP UNSPADRPairCorr
  0.6A5G AIB Group plcPairCorr
  0.56PSAN PSI Software AGPairCorr
  0.48HFF HARTFORD FIN SERVPairCorr
  0.47IZZ TAL Education GroupPairCorr
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Related Correlations Analysis

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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   
TM5
+ 0.76
CMW
CMW
+ 0.6
COA1
OTE
+ 0.56
COA1
TM5
+ 0.51
COA1
BW8
+ 0.49
TM5
BW8
+ 0.47
COA1
  
High negative correlations   
FW3
- 0.6
TM5
FW3
- 0.47
BW8
FW3
- 0.31
CMW
FW3
- 0.18
COA1
FW3
- 0.0
ABM
BW8
- 0.0
ABM

Risk-Adjusted Indicators

There is a big difference between NEXON Stock performing well and NEXON 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 NEXON'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 NEXON 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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NEXON Corporate Management

Elected by the shareholders, the NEXON's board of directors comprises two types of representatives: NEXON inside directors who are chosen from within the company, and outside directors, selected externally and held independent of NEXON. The board's role is to monitor NEXON's management team and ensure that shareholders' interests are well served. NEXON'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, NEXON's outside directors are responsible for providing unbiased perspectives on the board's policies.
Owen MahoneyPres CEOProfile
Koji AbeG CounselProfile
Shiro UemuraChief CFOProfile
Junko TomitaInvestor OfficerProfile
Takanori KawaiTeam RelationsProfile
Maiko AraHead PRProfile
Nicolas DykChief VPProfile
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