Nomura Research Correlations

NRILY Stock

USD 34.16 1.62 4.98%

The current 90-days correlation between Nomura Research Institute and Genpact Limited is 0.01 (i.e., Significant diversification). The correlation of Nomura Research 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 Research Correlation With Market

Significant diversification

The correlation between Nomura Research Institute and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nomura Research Institute and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Nomura Research could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Nomura Research 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 Nomura Research - 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 Nomura Research Institute to buy it.

Moving together with Nomura Pink Sheet

0.84	IBM	International Business	Pair Corr
0.67	ACN	Accenture plc	Pair Corr
0.86	CTSH	Cognizant Technology	Pair Corr
0.68	MUFG	Mitsubishi UFJ Financial	Pair Corr
0.79	MFG	Mizuho Financial	Pair Corr
0.76	MZHOF	Mizuho Financial	Pair Corr
0.7	KO	Coca Cola	Pair Corr
0.82	JNJ	Johnson Johnson	Pair Corr
0.7	JPM	JPMorgan Chase	Pair Corr
0.76	T	ATT Inc Downward Rally	Pair Corr
0.79	GE	GE Aerospace	Pair Corr
0.63	MMM	3M Company	Pair Corr
0.71	WMT	Walmart	Pair Corr
0.63	MCD	McDonalds	Pair Corr

Moving against Nomura Pink Sheet

0.48	INFY	Infosys Ltd ADR	Pair Corr
0.38	FIS	Fidelity National	Pair Corr
0.62	MSFT	Microsoft	Pair Corr

Related Correlations Analysis

	PRFT	HCKT	G	GDYN	ASGN	FORTY	TTEC	CSPI	CACI	CDW
PRFT		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	PRFT
HCKT	0.0		0.15	0.04	0.22	0.35	0.32	0.54	0.06	0.13	HCKT
G	0.0	0.15		0.21	-0.72	0.67	-0.66	0.44	-0.76	0.42	G
GDYN	0.0	0.04	0.21		-0.04	0.14	-0.55	0.56	-0.34	0.61	GDYN
ASGN	0.0	0.22	-0.72	-0.04		-0.63	0.51	-0.03	0.86	0.11	ASGN
FORTY	0.0	0.35	0.67	0.14	-0.63		-0.39	0.4	-0.72	0.21	FORTY
TTEC	0.0	0.32	-0.66	-0.55	0.51	-0.39		-0.3	0.66	-0.63	TTEC
CSPI	0.0	0.54	0.44	0.56	-0.03	0.4	-0.3		-0.29	0.57	CSPI
CACI	0.0	0.06	-0.76	-0.34	0.86	-0.72	0.66	-0.29		-0.21	CACI
CDW	0.0	0.13	0.42	0.61	0.11	0.21	-0.63	0.57	-0.21		CDW
	PRFT	HCKT	G	GDYN	ASGN	FORTY	TTEC	CSPI	CACI	CDW

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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

CACI	+ 0.86	ASGN
FORTY	+ 0.67	G
CACI	+ 0.66	TTEC
CDW	+ 0.61	GDYN
CDW	+ 0.57	CSPI
CSPI	+ 0.56	GDYN

High negative correlations

CACI	- 0.76	G
CACI	- 0.72	FORTY
ASGN	- 0.72	G
TTEC	- 0.66	G
CDW	- 0.63	TTEC
FORTY	- 0.63	ASGN

Risk-Adjusted Indicators

There is a big difference between Nomura Pink Sheet performing well and Nomura Research 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 Research'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
PRFT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
HCKT	0.92	(0.03)	0.00	(0.13)	0.00	0.00	1.35	(2.29)	5.43
G	0.99	0.22	0.29	1.55	0.86	(1.20)	2.24	(1.79)	13.49
GDYN	2.15	0.06	0.05	0.73	2.62	(2.21)	4.35	(3.97)	14.61
ASGN	1.40	(0.39)	0.00	(0.48)	0.00	0.00	1.83	(4.55)	9.60
FORTY	1.80	0.27	0.12	0.66	1.94	(2.82)	5.26	(3.57)	15.56
TTEC	2.04	(0.67)	0.00	2.81	0.00	0.00	3.30	(4.76)	17.88
CSPI	3.96	(0.14)	0.00	(0.86)	0.00	0.00	7.24	(9.37)	33.51
CACI	1.71	(0.41)	0.00	2.29	0.00	0.00	3.44	(4.30)	13.03
CDW	1.17	(0.01)	0.00	(0.10)	0.00	0.00	2.67	(3.04)	7.33

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Our tools can tell you how much better you can do entering a position in Nomura Research 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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