Fanuc Correlations

FANUY Stock

USD 21.45 1.00 4.45%

The current 90-days correlation between Fanuc and SMC Corp is 0.2 (i.e., Modest diversification). The correlation of Fanuc 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Fanuc Correlation With Market

Almost no diversification

The correlation between Fanuc and DJI is 0.93 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fanuc and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Fanuc Pink Sheet

0.81	GEV	GE Vernova LLC	Pair Corr
0.84	SIEGY	Siemens AG ADR	Pair Corr
0.85	SMAWF	Siemens AG Class	Pair Corr
0.91	PH	Parker Hannifin	Pair Corr
0.69	SBGSY	Schneider Electric	Pair Corr
0.62	SBGSF	Schneider Electric	Pair Corr
0.88	EMR	Emerson Electric	Pair Corr
0.88	CMI	Cummins	Pair Corr
0.87	WMT	Walmart Common Stock Earnings Call This Week	Pair Corr
0.82	SAR	Saratoga Investment Corp	Pair Corr
0.65	VLKAF	Volkswagen AG	Pair Corr
0.69	VWAGY	Volkswagen AG 110	Pair Corr
0.77	VLKPF	Volkswagen AG VZO	Pair Corr
0.91	AA	Alcoa Corp	Pair Corr
0.71	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.84	DD	Dupont De Nemours	Pair Corr
0.75	INTC	Intel	Pair Corr
0.61	HD	Home Depot Sell-off Trend	Pair Corr
0.79	MRK	Merck Company Sell-off Trend	Pair Corr
0.69	CVX	Chevron Corp	Pair Corr

Moving against Fanuc Pink Sheet

0.45	HNHPF	Hon Hai Precision	Pair Corr
0.36	JD	JD Inc Adr	Pair Corr
0.63	MSFT	Microsoft	Pair Corr

Related Correlations Analysis

	KUKAF	SMECF	RRX	GGG	SMCAY	SBGSF	ATLKY	SIEGY	SDVKY	SBGSY
KUKAF		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	KUKAF
SMECF	0.0		0.82	0.85	0.96	0.69	0.81	0.76	0.85	0.7	SMECF
RRX	0.0	0.82		0.94	0.85	0.8	0.76	0.63	0.88	0.86	RRX
GGG	0.0	0.85	0.94		0.9	0.76	0.89	0.78	0.95	0.82	GGG
SMCAY	0.0	0.96	0.85	0.9		0.69	0.87	0.77	0.89	0.72	SMCAY
SBGSF	0.0	0.69	0.8	0.76	0.69		0.64	0.61	0.79	0.96	SBGSF
ATLKY	0.0	0.81	0.76	0.89	0.87	0.64		0.91	0.93	0.7	ATLKY
SIEGY	0.0	0.76	0.63	0.78	0.77	0.61	0.91		0.83	0.67	SIEGY
SDVKY	0.0	0.85	0.88	0.95	0.89	0.79	0.93	0.83		0.83	SDVKY
SBGSY	0.0	0.7	0.86	0.82	0.72	0.96	0.7	0.67	0.83		SBGSY
	KUKAF	SMECF	RRX	GGG	SMCAY	SBGSF	ATLKY	SIEGY	SDVKY	SBGSY

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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

SMCAY	+ 0.96	SMECF
SBGSY	+ 0.96	SBGSF
SDVKY	+ 0.95	GGG
GGG	+ 0.94	RRX
SDVKY	+ 0.93	ATLKY
SIEGY	+ 0.91	ATLKY

High negative correlations

SBGSY	- 0.0	KUKAF
SDVKY	- 0.0	KUKAF
SIEGY	- 0.0	KUKAF
ATLKY	- 0.0	KUKAF
SBGSF	- 0.0	KUKAF
SMCAY	- 0.0	KUKAF

Risk-Adjusted Indicators

There is a big difference between Fanuc Pink Sheet performing well and Fanuc 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 Fanuc'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
KUKAF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SMECF	2.94	0.00	0.10	0.00	3.14	(3.08)	5.35	(5.75)	22.56
RRX	2.21	0.61	0.28	0.47	1.83	(2.63)	5.90	(4.57)	11.58
GGG	0.88	0.16	0.12	0.25	1.01	(0.94)	2.51	(1.86)	6.74
SMCAY	1.98	0.41	0.16	0.91	1.95	(2.24)	4.79	(3.49)	12.27
SBGSF	1.93	0.24	0.08	0.35	2.57	(1.89)	4.27	(4.66)	10.90
ATLKY	1.37	0.31	0.24	0.34	1.12	(1.68)	2.98	(2.20)	6.52
SIEGY	1.32	0.08	0.04	0.14	2.52	(1.24)	2.70	(2.35)	11.75
SDVKY	1.20	0.46	0.30	0.60	0.90	(1.36)	3.91	(2.04)	7.05
SBGSY	1.23	0.18	0.09	0.29	1.53	(1.25)	3.04	(2.39)	7.05

Be your own money manager

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