Average 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, but the immediate impact on correlations cannot be determined at the moment . Check odds of Nintendo Co to be traded at $19.47 in 30 days
Nintendo Co Daily Price Distribution
The median price of Nintendo Co for the period between Mon, Oct 26, 2015 and Wed, Nov 25, 2015 is 20.36 with a coefficient of variation of 7.5. The daily time series for the period is distributed with a sample standard deviation of 1.56, arithmetic mean of 20.8, and mean deviation of 1.06. 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 5,120 people. The company currently falls under 'Large-Cap' category with current market capitalization of 19.56 B. Nintendo Co Ltd has 961.04 M outstanding shares.
Correlation analysis and pair trading evaluation for Nintendo Co and CASINO GUICHARD. 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