NEXON Correlations

NEXOF Stock

USD 25.00 0.00 0.00%

The current 90-days correlation between NEXON and The Sage Group is -0.1 (i.e., Good diversification). The correlation of NEXON 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

NEXON Correlation With Market

Significant diversification

The correlation between NEXON Co and DJI 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 NEXON Co and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to NEXON could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NEXON 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 NEXON - 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 NEXON Co to buy it.

Moving together with NEXON Pink Sheet

0.73	NEXOY	Nexon Co	Pair Corr
0.72	PPERF	Bank Mandiri Persero	Pair Corr
0.62	ARR	ARMOUR Residential REIT	Pair Corr
0.88	COHN	Cohen Company	Pair Corr
0.74	ENS	Enersys	Pair Corr

Moving against NEXON Pink Sheet

0.7	RBLX	Roblox Corp	Pair Corr
0.52	NETTF	NetEase	Pair Corr
0.51	NTDOY	Nintendo Co ADR	Pair Corr
0.46	NTDOF	Nintendo	Pair Corr
0.4	NTES	NetEase	Pair Corr
0.38	TTWO	Take Two Interactive	Pair Corr
0.38	BILI	Bilibili	Pair Corr
0.37	BKRKY	Bank Rakyat	Pair Corr

Related Correlations Analysis

	CCOEY	CCOEF	SGGEF	SGPYY	WTCHF	WIZEY	WPLCF	NEMTF	SNPTF	WIGBY
CCOEY		0.58	0.53	0.68	0.77	0.67	0.69	0.0	0.85	0.68	CCOEY
CCOEF	0.58		0.29	0.19	0.76	0.84	0.87	0.0	0.35	0.63	CCOEF
SGGEF	0.53	0.29		0.74	0.17	0.19	0.23	0.0	0.58	0.05	SGGEF
SGPYY	0.68	0.19	0.74		0.28	0.23	0.25	0.0	0.76	0.26	SGPYY
WTCHF	0.77	0.76	0.17	0.28		0.93	0.92	0.0	0.57	0.9	WTCHF
WIZEY	0.67	0.84	0.19	0.23	0.93		0.99	0.0	0.45	0.83	WIZEY
WPLCF	0.69	0.87	0.23	0.25	0.92	0.99		0.0	0.46	0.81	WPLCF
NEMTF	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	NEMTF
SNPTF	0.85	0.35	0.58	0.76	0.57	0.45	0.46	0.0		0.49	SNPTF
WIGBY	0.68	0.63	0.05	0.26	0.9	0.83	0.81	0.0	0.49		WIGBY
	CCOEY	CCOEF	SGGEF	SGPYY	WTCHF	WIZEY	WPLCF	NEMTF	SNPTF	WIGBY

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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

WPLCF	+ 0.99	WIZEY
WIZEY	+ 0.93	WTCHF
WPLCF	+ 0.92	WTCHF
WIGBY	+ 0.9	WTCHF
WPLCF	+ 0.87	CCOEF
SNPTF	+ 0.85	CCOEY

High negative correlations

WIGBY	- 0.0	NEMTF
SNPTF	- 0.0	NEMTF
NEMTF	- 0.0	WPLCF
NEMTF	- 0.0	WIZEY
NEMTF	- 0.0	WTCHF
NEMTF	- 0.0	SGPYY

Risk-Adjusted Indicators

There is a big difference between NEXON Pink Sheet performing well and NEXON 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 NEXON'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	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
CCOEY	1.52	(0.27)	(0.20)	0.00	0.00	3.33	(3.23)	9.88
CCOEF	0.39	(0.13)	3.12	0.00	0.00	0.49	(2.22)	6.25
SGGEF	1.14	(0.16)	(0.16)	0.00	0.00	3.19	(5.11)	14.48
SGPYY	1.00	(0.07)	(0.06)	0.00	0.00	1.65	(1.82)	6.03
WTCHF	1.31	(0.55)	(3.45)	0.00	0.00	1.10	(5.56)	15.98
WIZEY	1.14	(0.50)	(0.68)	0.00	0.00	1.84	(3.06)	6.36
WPLCF	1.50	(0.47)	(1.69)	0.00	0.00	2.68	(3.71)	8.10
NEMTF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SNPTF	0.94	(0.19)	0.34	0.00	0.00	0.00	(2.84)	27.96
WIGBY	2.55	0.09	(1.07)	3.44	(4.78)	5.16	(6.59)	39.18

Be your own money manager

Our tools can tell you how much better you can do entering a position in NEXON 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.

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NEXON Corporate Management

Koji Abe	G Counsel	Profile
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