Nippon Telegraph Related Correlations

NPPXF Stock  USD 1.20  0.01  0.84%   
Generate correlation matrix for Nippon Telegraph and other related equities to check the degree to which Nippon Telegraph Telephone 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 Nippon Telegraph Telephone. 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 Nippon Telegraph Telephone. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in interest.
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Please note, there is a significant difference between Nippon Telegraph's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nippon Telegraph is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nippon Telegraph'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

VZ
CMCSA
T
IBM
VZ
0.320.780.62
VZ
CMCSA
0.320.43-0.15
CMCSA
T
0.780.430.56
T
IBM
0.62-0.150.56
IBM
VZ
CMCSA
T
IBM
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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   
TVZ
IBMVZ
IBMT
TCMCSA
CMCSAVZ
  
High negative correlations   
IBMCMCSA

Risk-Adjusted Indicators

There is a big difference between Nippon Pink Sheet 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.