NTT DATA Related Correlations

NT5 Stock

EUR 15.00 0.30 2.04%

Generate correlation matrix for NTT DATA and other related equities to check the degree to which NTT DATA price movement is correlated to its related entities. Use comma (,) to separate each symbol. If not specified, the peers will be provided automatically based on Macroaxis sector classification standards for NTT DATA. To filter out specific equities, please toggle its corresponding legend item. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NTT DATA. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.

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Please note, there is a significant difference between NTT DATA's value and its price as these two are different measures arrived at by different means. Investors typically determine if NTT DATA is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NTT DATA's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Correlations

	SOW	XFB	QUC	US3	CPW	KDIC	V1M	H1Q
SOW		0.75	-0.56	0.65	0.05	-0.27	0.0	-0.68	SOW
XFB	0.75		-0.46	0.76	-0.4	-0.11	0.0	-0.82	XFB
QUC	-0.56	-0.46		-0.22	0.22	0.4	0.0	0.24	QUC
US3	0.65	0.76	-0.22		-0.19	-0.35	0.0	-0.81	US3
CPW	0.05	-0.4	0.22	-0.19		0.14	0.0	0.21	CPW
KDIC	-0.27	-0.11	0.4	-0.35	0.14		0.0	0.04	KDIC
V1M	0.0	0.0	0.0	0.0	0.0	0.0		0.0	V1M
H1Q	-0.68	-0.82	0.24	-0.81	0.21	0.04	0.0		H1Q
	SOW	XFB	QUC	US3	CPW	KDIC	V1M	H1Q

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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

US3	+ 0.76	XFB
XFB	+ 0.75	SOW
US3	+ 0.65	SOW
KDIC	+ 0.4	QUC
H1Q	+ 0.24	QUC
CPW	+ 0.22	QUC

High negative correlations

H1Q	- 0.82	XFB
H1Q	- 0.81	US3
H1Q	- 0.68	SOW
QUC	- 0.56	SOW
QUC	- 0.46	XFB
CPW	- 0.4	XFB

Risk-Adjusted Indicators

There is a big difference between NTT Stock performing well and NTT DATA 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 NTT DATA'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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
SOW	0.33	(0.02)	0.00	0.20	0.00	0.00	1.42	(0.88)	5.37
XFB	1.85	(0.47)	0.00	1.92	0.00	0.00	3.30	(4.67)	17.11
QUC	1.06	0.06	(0.05)	(0.02)	1.20	(1.32)	2.68	(2.15)	5.59
US3	2.04	(0.42)	0.00	0.64	0.00	0.00	4.09	(4.53)	13.95
CPW	0.86	0.02	(0.04)	0.18	1.17	(0.84)	1.54	(2.16)	5.61
KDIC	2.87	(0.31)	0.00	(0.21)	0.00	0.00	5.62	(5.15)	18.68
V1M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
H1Q	2.17	0.41	0.08	0.91	2.00	(4.44)	4.35	(3.85)	18.44

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NTT DATA Related Correlations

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Correlations

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