Good diversificationOverlapping area represents amount of risk that can be diversified away by holding Nintendo Co. Ltd. and equity matching NYA index in the same portfolio
Nintendo Diversification Suggestion
Use Nintendo to enhance returns of your portfolios. The stock experiences unexpected upward trend. Watch out for market signals. Check odds of Nintendo to be traded at $126.3 in 30 days
Nintendo Price and Market Media
The median price of Nintendo for the period between Wed, Jan 28, 2015 and Fri, Feb 27, 2015 is 100.68 with a coefficient of variation of 2.91. The daily time series for the period is distributed with a sample standard deviation of 2.93, arithmetic mean of 100.4, and mean deviation of 2.17. The Stock did not receive any noticable media coverage during the period.
Nintendo Co Ltd [NTDOF] is traded on OTC Market in USA. It is located in Kyoto, and employs 5,213 people. The company currently falls under 'Large-Cap' category with current market capitalization of 12.49 B. Nintendo Co Ltd has 118.37 M outstanding shares.
Correlation analysis and pair trading evaluation for Nintendo and CASINO GUICHARD PERR. Pair trading can be used as a hedging technique within a particular sector or industry or even over random equities to generate better risk-adjusted return