The degree to which two variables are correlated. That is, covariance is the measure of how much two variables are related to one another. It is important in security analysis to determine how much or how little price movements in two companies or industries are connected.
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Nintendo Co., Ltd. (Japanese: ä»»å¤©å æ ªå¼ä¼ç¤¾, Hepburn: NintendÅ kabushikigaisha) is a Japanese multinational consumer electronics and software company headquartered in Kyoto, Japan. Nintendo is one of the world's largest video game companies by net worth. Founded on 23 September 1889, by Fusajiro Yamauchi, it originally produced handmade hanafuda playing cards. By 1963, the company had tried several small niche businesses, such as cab services and love hotels.