Nippon Telegraph Correlations

NTT Stock

EUR 0.88 0.01 1.15%

The current 90-days correlation between Nippon Telegraph and China Railway Construction is -0.25 (i.e., Very good diversification). The correlation of Nippon Telegraph 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.

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

Moving together with Nippon Stock

0.66	BAC	Verizon Communications	Pair Corr
0.68	DTEA	Deutsche Telekom	Pair Corr
0.69	DTE	Deutsche Telekom	Pair Corr
0.68	DTE	Deutsche Telekom	Pair Corr
0.92	NLV	Nippon Telegraph	Pair Corr

Moving against Nippon Stock

0.53	CTM	China Mobile Limited	Pair Corr
0.52	2WGA	WOORI FIN GRP Earnings Call This Week	Pair Corr
0.48	HEI	Heidelberg Materials	Pair Corr
0.33	HYU	Hyundai Motor Earnings Call This Week	Pair Corr

Related Correlations Analysis

	4FF	8KH	1HH	CEK	3TY	TOW	COE	DFA1
4FF		0.6	0.17	-0.14	0.01	0.46	0.54	0.5	4FF
8KH	0.6		0.23	-0.1	0.12	0.57	0.74	0.52	8KH
1HH	0.17	0.23		0.2	-0.59	-0.34	-0.03	-0.24	1HH
CEK	-0.14	-0.1	0.2		0.18	-0.02	0.03	0.14	CEK
3TY	0.01	0.12	-0.59	0.18		0.74	0.51	0.71	3TY
TOW	0.46	0.57	-0.34	-0.02	0.74		0.79	0.81	TOW
COE	0.54	0.74	-0.03	0.03	0.51	0.79		0.81	COE
DFA1	0.5	0.52	-0.24	0.14	0.71	0.81	0.81		DFA1
	4FF	8KH	1HH	CEK	3TY	TOW	COE	DFA1

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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

DFA1	+ 0.81	TOW
DFA1	+ 0.81	COE
COE	+ 0.79	TOW
COE	+ 0.74	8KH
TOW	+ 0.74	3TY
DFA1	+ 0.71	3TY

High negative correlations

3TY	- 0.59	1HH
TOW	- 0.34	1HH
DFA1	- 0.24	1HH
CEK	- 0.14	4FF
CEK	- 0.1	8KH
COE	- 0.03	1HH

Risk-Adjusted Indicators

There is a big difference between Nippon Stock performing well and Nippon Telegraph 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 Nippon Telegraph'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
4FF	0.20	0.09	0.00	13.38	0.00	0.00	0.00	0.00	6.67
8KH	1.95	0.48	0.11	(0.83)	2.03	(2.57)	5.81	(4.20)	13.21
1HH	2.50	0.05	(0.03)	(0.23)	2.84	(3.10)	6.01	(4.86)	13.39
CEK	3.63	0.03	0.00	0.06	0.00	0.00	7.67	(6.50)	35.56
3TY	1.99	0.27	0.05	(2.11)	1.99	(2.53)	4.82	(3.33)	13.51
TOW	2.01	0.50	0.20	2.27	1.71	(2.47)	5.72	(3.05)	9.56
COE	1.62	0.50	0.16	(85.73)	1.57	(1.91)	4.56	(3.33)	9.55
DFA1	1.61	0.63	0.30	(0.96)	0.76	(2.61)	4.24	(1.72)	14.27

Be your own money manager

Our tools can tell you how much better you can do entering a position in Nippon Telegraph 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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Nippon Telegraph Corporate Management

Elected by the shareholders, the Nippon Telegraph's board of directors comprises two types of representatives: Nippon Telegraph inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Nippon. The board's role is to monitor Nippon Telegraph's management team and ensure that shareholders' interests are well served. Nippon Telegraph's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Nippon Telegraph's outside directors are responsible for providing unbiased perspectives on the board's policies.

Akira Shimada	CEO Pres	Profile
Atsuko Oka	Ex Planning	Profile
Kazuhiko Nakayama	Sr Accounting	Profile
Vito Mabrucco	Global Officer	Profile
Makiko Sekine	VP PR	Profile
Takuro Hanaki	F IR	Profile
Hiroki Kuriyama	Part VP	Profile

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