Nippon Telegraph Correlations

Stocks . Germany . 
Stock . Nippon Telegraph and
NTT Stock  EUR 0.91  0.01  1.11%   
The current 90-days correlation between Nippon Telegraph and Austevoll Seafood ASA is 0.21 (i.e., Modest diversification). The correlation of Nippon Telegraph 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.

Nippon Telegraph Correlation With Market

Significant diversification

The correlation between Nippon Telegraph and and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nippon Telegraph and and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Nippon Telegraph 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 Telegraph 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 Telegraph - 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 Telegraph and to buy it.

Moving together with Nippon Stock

  0.77NLV Nippon TelegraphPairCorr
  0.76DBPD Xtrackers ShortDAXPairCorr

Moving against Nippon Stock

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  0.59DTE Deutsche TelekomPairCorr
  0.58DTE Deutsche TelekomPairCorr
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  0.6BY6A BYD LimitedPairCorr
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  0.49T62 TOHO ZINC LTDPairCorr
  0.46KEI KEISEI EL RAILWAY SplitPairCorr
  0.45MRG Outcrop Silver GoldPairCorr
  0.39ROM Rohm CoPairCorr
  0.33HUKI HUHTAMAKIPairCorr

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   
0NH
+ 0.84
6CF
6CF
+ 0.81
WCLA
5PMA
+ 0.7
WCLA
0NH
+ 0.69
WCLA
0NH
+ 0.62
TF7A
WCLA
+ 0.6
Z85
  
High negative correlations   
ZYR1
- 0.78
0NH
ZYR1
- 0.7
6CF
ZYR1
- 0.6
WCLA
ZYR1
- 0.52
5PMA
ZYR1
- 0.42
TF7A
ZYR1
- 0.24
Z85

Risk-Adjusted Indicators

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

Elected by the shareholders, the Nippon Telegraph's board of directors comprises two types of representatives: Nippon Telegraph inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Nippon. The board's role is to monitor Nippon Telegraph's management team and ensure that shareholders' interests are well served. Nippon Telegraph'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, Nippon Telegraph's outside directors are responsible for providing unbiased perspectives on the board's policies.
Akira ShimadaCEO PresProfile
Atsuko OkaEx PlanningProfile
Kazuhiko NakayamaSr AccountingProfile
Vito MabruccoGlobal OfficerProfile
Makiko SekineVP PRProfile
Takuro HanakiF IRProfile
Hiroki KuriyamaPart VPProfile
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