Poor 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 Co Diversification Suggestion
Use Nintendo Co to protect against small markets fluctuations. The stock experiences normal downward trend and little activity. Check odds of Nintendo Co to be traded at $17.57 in 30 days
Nintendo Co Daily Price Distribution
The median price of Nintendo Co for the period between Wed, Jun 1, 2016 and Fri, Jul 1, 2016 is 17.95 with a coefficient of variation of 3.27. The daily time series for the period is distributed with a sample standard deviation of 0.59, arithmetic mean of 17.98, and mean deviation of 0.43. The Stock did not receive any noticable media coverage during the period.
Nintendo Co Ltd (NTDOY) is traded on OTC Market in USA. It is located in Kyoto, and employs 5,064 people. The company currently falls under 'Large-Cap' category with current market capitalization of 17.25 B. Nintendo Co Ltd has 961.03 M outstanding shares.
NINTENDO CO LTD A has accumulated about 8.59 B in cash with 521.27 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 8.94.
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Correlation analysis and pair trading evaluation for Nintendo Co 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