Nissin Foods Correlations
| NFPDF Stock | USD 33.89 0.00 0.00% |
The correlation of Nissin Foods 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Nissin Foods moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nissin Foods Holdings moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Significant diversification
The correlation between Nissin Foods Holdings and NYA is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nissin Foods Holdings and NYA in the same portfolio, assuming nothing else is changed.
Nissin |
The ability to find closely correlated positions to Nissin Foods could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Nissin Foods 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 Nissin Foods - 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 Nissin Foods Holdings to buy it.
Moving together with Nissin Pink Sheet
| 0.74 | GIS | General Mills Financial Report 26th of June 2024 | PairCorr |
| 0.82 | MKC-V | McCormick rporated | PairCorr |
| 0.69 | K | Kellanova Earnings Call Tomorrow | PairCorr |
| 0.67 | EC | Ecopetrol SA ADR Financial Report 8th of May 2024 | PairCorr |
| 0.84 | PTITF | PT Indosat Tbk | PairCorr |
Moving against Nissin Pink Sheet
| 0.9 | TLK | Telkom Indonesia Tbk Financial Report 26th of April 2024 | PairCorr |
| 0.88 | TLKMF | Telkom Indonesia Tbk | PairCorr |
| 0.68 | GPDNF | Danone SA | PairCorr |
| 0.68 | CIADY | China Mengniu Dairy | PairCorr |
| 0.65 | CNF | CNFinance Holdings Financial Report 24th of May 2024 | PairCorr |
| 0.62 | NSRGF | Nestle SA | PairCorr |
| 0.47 | PIFMY | Indofood Sukses Makmur | PairCorr |
Related Correlations Analysis
| 0.27 | 0.55 | 0.29 | 0.76 | 0.4 | K | ||
| 0.27 | 0.76 | 0.65 | 0.39 | -0.1 | LANC | ||
| 0.55 | 0.76 | 0.82 | 0.7 | -0.06 | ACOPY | ||
| 0.29 | 0.65 | 0.82 | 0.69 | 0.11 | ARRT | ||
| 0.76 | 0.39 | 0.7 | 0.69 | 0.52 | GIS | ||
| 0.4 | -0.1 | -0.06 | 0.11 | 0.52 | CPB | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Nissin Pink Sheet performing well and Nissin Foods 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 Nissin Foods' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| K | 1.01 | 0.04 | 0.01 | 0.15 | 1.08 | 2.17 | 4.97 | |||
| LANC | 1.17 | 0.01 | 0.03 | 0.08 | 1.29 | 3.00 | 14.01 | |||
| ACOPY | 1.72 | 0.58 | 0.12 | (1.95) | 1.37 | 4.67 | 20.80 | |||
| ARRT | 0.50 | 0.24 | 0.00 | 3.93 | 0.00 | 0.00 | 16.67 | |||
| GIS | 1.01 | 0.17 | 0.08 | 0.72 | 1.08 | 2.02 | 5.31 | |||
| CPB | 1.10 | 0.03 | (0.01) | 0.18 | 1.40 | 2.05 | 5.34 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Nissin Foods 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.Did you try this?
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Nissin Foods Corporate Directors
Nissin Foods corporate directors refer to members of a Nissin Foods board of directors. The board of directors generally takes responsibility for the Nissin Foods' affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Nissin Foods' board members must vote for the resolution. The Nissin Foods board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Ken Kobayashi | Independent Director | Profile | |
| Yoko Ishikura | Independent Director | Profile | |
| Yukio Yokoyama | CFO and Director | Profile | |
| Susumu Nakagawa | COO, Executive VP and Representative Director | Profile |
Already Invested in Nissin Foods Holdings?
The danger of trading Nissin Foods Holdings is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Nissin Foods is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Nissin Foods. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Nissin Foods Holdings is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nissin Foods Holdings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment. Note that the Nissin Foods Holdings information on this page should be used as a complementary analysis to other Nissin Foods' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.
Complementary Tools for Nissin Pink Sheet analysis
When running Nissin Foods' price analysis, check to measure Nissin Foods' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Nissin Foods is operating at the current time. Most of Nissin Foods' value examination focuses on studying past and present price action to predict the probability of Nissin Foods' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nissin Foods' price. Additionally, you may evaluate how the addition of Nissin Foods to your portfolios can decrease your overall portfolio volatility.
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