NEC Correlations
| NIPNF Stock | USD 99.90 0.10 0.10% |
The current 90-days correlation between NEC Corporation and Fujitsu Ltd ADR is 0.04 (i.e., Significant diversification). The correlation of NEC 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.
NEC Correlation With Market
Good diversification
The correlation between NEC Corp. and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding NEC Corp. and DJI in the same portfolio, assuming nothing else is changed.
NEC |
The ability to find closely correlated positions to NEC could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NEC 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 NEC - 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 NEC Corporation to buy it.
Moving together with NEC Pink Sheet
| 0.63 | META | Meta Platforms | PairCorr |
| 0.63 | WMT | Walmart | PairCorr |
| 0.61 | JNJ | Johnson Johnson | PairCorr |
| 0.7 | KO | Coca Cola | PairCorr |
| 0.72 | IBM | International Business | PairCorr |
| 0.68 | CSCO | Cisco Systems | PairCorr |
Moving against NEC Pink Sheet
| 0.72 | AMPH | Amphastar P | PairCorr |
| 0.71 | MSFT | Microsoft | PairCorr |
| 0.46 | NVDA | NVIDIA | PairCorr |
| 0.32 | GOOD | Gladstone Commercial | PairCorr |
| 0.79 | MRK | Merck Company Aggressive Push | PairCorr |
| 0.42 | HD | Home Depot | PairCorr |
Related Correlations Analysis
| 0.45 | 0.94 | 0.63 | 0.41 | FJTSY | ||
| 0.45 | 0.52 | 0.29 | 0.59 | NTDTY | ||
| 0.94 | 0.52 | 0.66 | 0.46 | NRILY | ||
| 0.63 | 0.29 | 0.66 | 0.35 | FJTSF | ||
| 0.41 | 0.59 | 0.46 | 0.35 | CGEMY | ||
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Risk-Adjusted Indicators
There is a big difference between NEC Pink Sheet performing well and NEC 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 NEC'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FJTSY | 1.15 | 0.15 | 0.14 | 0.30 | 1.17 | 2.55 | 5.88 | |||
| NTDTY | 1.69 | (0.03) | 0.00 | (0.29) | 0.00 | 3.62 | 11.16 | |||
| NRILY | 1.25 | 0.22 | 0.17 | 1.69 | 1.43 | 2.44 | 8.05 | |||
| FJTSF | 6.31 | 0.33 | 0.06 | (0.60) | 7.66 | 16.60 | 42.63 | |||
| CGEMY | 1.36 | 0.00 | 0.00 | (0.10) | 0.00 | 3.06 | 13.73 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in NEC 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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NEC Corporate Management
| Takayuki Morita | Managing Executive Officer | Profile | |
| Masakazu Yamashina | Executive Officer | Profile | |
| Yutaka Ukegawa | Executive Officer | Profile | |
| Hajime Matsukura | Executive Officer | Profile | |
| Hiroshi Kodama | Executive Officer | Profile | |
| Yasushi Teranishi | Head Offices | Profile | |
| Atsuo Kawamura | Executive Officer | Profile |