Nippon Shinyaku Correlations
| NPPNY Stock | USD 6.75 0.13 1.96% |
The current 90-days correlation between Nippon Shinyaku and Hypera SA is -0.07 (i.e., Good diversification). The correlation of Nippon Shinyaku 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.
Nippon Shinyaku Correlation With Market
Good diversification
The correlation between Nippon Shinyaku Co and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nippon Shinyaku Co and DJI in the same portfolio, assuming nothing else is changed.
Nippon |
The ability to find closely correlated positions to Nippon Shinyaku could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Nippon Shinyaku 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 Nippon Shinyaku - 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 Nippon Shinyaku Co to buy it.
Moving against Nippon Pink Sheet
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| 0.42 | MKKGY | Merck KGaA ADR | PairCorr |
| 0.38 | SSNLF | Samsung Electronics | PairCorr |
| 0.33 | TEVA | Teva Pharma Industries | PairCorr |
| 0.31 | MKGAF | MERCK Kommanditgesells | PairCorr |
| 0.62 | AXP | American Express | PairCorr |
| 0.61 | BAC | Bank of America | PairCorr |
| 0.53 | JPM | JPMorgan Chase | PairCorr |
| 0.46 | CAT | Caterpillar | PairCorr |
| 0.34 | DIS | Walt Disney | PairCorr |
| 0.34 | WMT | Walmart | PairCorr |
| 0.32 | HPQ | HP Inc | 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 Nippon Pink Sheet performing well and Nippon Shinyaku 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 Nippon Shinyaku'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| GNMLF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| CVGRF | 4.40 | 1.17 | 0.00 | 0.70 | 0.00 | 5.71 | 139.02 | |||
| PCYN | 0.78 | (0.11) | 0.00 | 3.68 | 0.00 | 0.00 | 35.83 | |||
| WIBFF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| BCBCF | 5.96 | (1.31) | 0.00 | 1.23 | 0.00 | 17.08 | 72.91 | |||
| HYPMY | 2.02 | 0.39 | 0.15 | 0.23 | 2.04 | 5.66 | 15.01 | |||
| DNPUF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| IZQVF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| YOURF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| CPIX | 7.63 | 1.76 | 0.25 | 1.13 | 6.18 | 17.70 | 98.19 |
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Nippon Shinyaku Corporate Management
| Kazuchika Takagaki | GM Director | Profile | |
| Toru Nakai | Pres Director | Profile | |
| Hitoshi Ishizawa | GM Director | Profile | |
| Masafumi Taira | Corp Div | Profile | |
| Hirokata Harada | Head Officer | Profile | |
| Takashi Takaya | G Personnel | Profile | |
| Takanori Edamitsu | GM Director | Profile |