Nomura Holdings Correlations

NMR Stock

USD 6.58 0.06 0.92%

The current 90-days correlation between Nomura Holdings ADR and Houlihan Lokey is 0.41 (i.e., Very weak diversification). The correlation of Nomura Holdings 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.

Nomura Holdings Correlation With Market

Poor diversification

The correlation between Nomura Holdings ADR and DJI is 0.61 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nomura Holdings ADR and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nomura Holdings ADR. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

Moving together with Nomura Stock

0.92	V	Visa Class A	Pair Corr
0.69	AC	Associated Capital	Pair Corr
0.61	DB	Deutsche Bank AG	Pair Corr
0.77	LX	Lexinfintech Holdings	Pair Corr
0.86	MA	Mastercard	Pair Corr
0.84	XP	Xp Inc	Pair Corr
0.74	DOMH	Dominari Holdings	Pair Corr
0.63	WSBF	Waterstone Financial	Pair Corr
0.79	FDUS	Fidus Investment Corp	Pair Corr
0.72	ARI	Apollo Commercial Real	Pair Corr
0.63	BLX	Foreign Trade Bank	Pair Corr

Moving against Nomura Stock

0.65	LC	LendingClub Corp	Pair Corr
0.53	DHIL	Diamond Hill Investment	Pair Corr
0.33	BX	Blackstone Group	Pair Corr
0.73	VRTS	Virtus Investment	Pair Corr
0.65	LGHLW	Lion Financial Group	Pair Corr
0.6	WULF	Terawulf	Pair Corr
0.49	WT	WisdomTree	Pair Corr
0.47	WD	Walker Dunlop	Pair Corr
0.33	ABR	Arbor Realty Trust	Pair Corr
0.75	GREE	Greenidge Generation	Pair Corr
0.63	HPH	Highest Performances	Pair Corr

Related Correlations Analysis

	PWP	OPY	SF-PC	PIPR	SF-PB	TCJH	SAI	SRL	HLI	SNEX
PWP		0.82	0.37	0.95	-0.31	0.0	0.0	-0.14	0.94	-0.2	PWP
OPY	0.82		0.67	0.67	-0.04	0.0	0.0	0.16	0.79	0.08	OPY
SF-PC	0.37	0.67		0.23	0.3	0.0	0.0	0.53	0.42	0.34	SF-PC
PIPR	0.95	0.67	0.23		-0.4	0.0	0.0	-0.19	0.93	-0.25	PIPR
SF-PB	-0.31	-0.04	0.3	-0.4		0.0	0.0	0.25	-0.2	0.75	SF-PB
TCJH	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	TCJH
SAI	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	SAI
SRL	-0.14	0.16	0.53	-0.19	0.25	0.0	0.0		-0.07	0.55	SRL
HLI	0.94	0.79	0.42	0.93	-0.2	0.0	0.0	-0.07		-0.05	HLI
SNEX	-0.2	0.08	0.34	-0.25	0.75	0.0	0.0	0.55	-0.05		SNEX
	PWP	OPY	SF-PC	PIPR	SF-PB	TCJH	SAI	SRL	HLI	SNEX

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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

PIPR	+ 0.95	PWP
HLI	+ 0.94	PWP
HLI	+ 0.93	PIPR
OPY	+ 0.82	PWP
HLI	+ 0.79	OPY
SNEX	+ 0.75	SF-PB

High negative correlations

SF-PB	- 0.4	PIPR
SF-PB	- 0.31	PWP
SNEX	- 0.25	PIPR
HLI	- 0.2	SF-PB
SNEX	- 0.2	PWP
SRL	- 0.19	PIPR

Risk-Adjusted Indicators

There is a big difference between Nomura Stock performing well and Nomura Holdings 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 Nomura Holdings' 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
PWP	2.18	(0.20)	0.00	(0.20)	0.00	0.00	4.67	(5.26)	14.41
OPY	1.49	0.04	0.00	(0.03)	0.00	0.00	2.97	(2.92)	10.06
SF-PC	0.56	0.04	0.12	0.28	0.71	(0.55)	1.17	(1.29)	3.91
PIPR	1.59	(0.20)	0.00	(0.22)	0.00	0.00	2.82	(3.91)	9.43
SF-PB	0.51	0.04	0.15	0.17	0.59	(0.55)	1.28	(1.10)	2.90
TCJH	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SAI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SRL	2.47	0.33	0.13	2.79	2.57	(2.86)	4.40	(4.12)	41.32
HLI	1.33	(0.06)	0.00	(0.12)	0.00	0.00	1.98	(3.01)	8.89
SNEX	1.84	0.37	0.15	0.19	2.08	(1.96)	3.44	(3.53)	14.31

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