Fast Retailing Correlations

FR7 Stock

EUR 335.50 4.50 1.32%

The current 90-days correlation between Fast Retailing and The TJX Companies is 0.05 (i.e., Significant diversification). The correlation of Fast Retailing 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 Fast Retailing could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Fast Retailing 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 Fast Retailing - 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 Fast Retailing Co to buy it.

Moving together with Fast Stock

0.76	IXD1	Industria de Diseno	Pair Corr
0.78	E908	Lyxor 1	Pair Corr
0.78	DBPE	Xtrackers LevDAX	Pair Corr

Moving against Fast Stock

0.83	DBPD	Xtrackers ShortDAX	Pair Corr
0.59	03F	IDP EDUCATION LTD	Pair Corr
0.4	4Y7	PLATO GOLD P	Pair Corr

Related Correlations Analysis

	TJX	GAP	8SP	2DG	TM9	NOH1	RS6	XYTA	9K1	3RKU
TJX		0.87	-0.55	-0.84	-0.56	0.38	0.86	-0.05	-0.9	0.83	TJX
GAP	0.87		-0.51	-0.81	-0.46	0.57	0.83	0.19	-0.86	0.75	GAP
8SP	-0.55	-0.51		0.72	0.38	-0.49	-0.74	-0.35	0.52	-0.23	8SP
2DG	-0.84	-0.81	0.72		0.4	-0.6	-0.9	-0.31	0.78	-0.65	2DG
TM9	-0.56	-0.46	0.38	0.4		0.11	-0.4	0.17	0.49	-0.35	TM9
NOH1	0.38	0.57	-0.49	-0.6	0.11		0.65	0.54	-0.41	0.31	NOH1
RS6	0.86	0.83	-0.74	-0.9	-0.4	0.65		0.3	-0.79	0.63	RS6
XYTA	-0.05	0.19	-0.35	-0.31	0.17	0.54	0.3		0.06	-0.16	XYTA
9K1	-0.9	-0.86	0.52	0.78	0.49	-0.41	-0.79	0.06		-0.82	9K1
3RKU	0.83	0.75	-0.23	-0.65	-0.35	0.31	0.63	-0.16	-0.82		3RKU
	TJX	GAP	8SP	2DG	TM9	NOH1	RS6	XYTA	9K1	3RKU

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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

GAP	+ 0.87	TJX
RS6	+ 0.86	TJX
3RKU	+ 0.83	TJX
RS6	+ 0.83	GAP
9K1	+ 0.78	2DG
3RKU	+ 0.75	GAP

High negative correlations

RS6	- 0.9	2DG
9K1	- 0.9	TJX
9K1	- 0.86	GAP
2DG	- 0.84	TJX
3RKU	- 0.82	9K1
2DG	- 0.81	GAP

Risk-Adjusted Indicators

There is a big difference between Fast Stock performing well and Fast Retailing 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 Fast Retailing'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
TJX	0.93	0.15	0.07	0.55	0.86	(1.02)	2.47	(1.79)	7.67
GAP	2.29	0.39	0.19	0.43	1.85	(3.00)	4.42	(3.01)	32.64
8SP	2.08	(0.11)	0.00	(2.31)	0.00	0.00	3.36	(3.96)	20.22
2DG	4.79	(1.23)	0.00	(0.41)	0.00	0.00	9.09	(10.00)	52.42
TM9	2.75	0.21	0.00	(0.20)	4.24	(3.07)	5.56	(6.43)	36.50
NOH1	2.04	0.31	0.14	0.62	1.72	(2.69)	6.61	(3.25)	12.96
RS6	1.32	0.23	0.10	1.39	1.15	(1.57)	2.94	(2.03)	13.65
XYTA	11.71	3.32	0.09	(1.83)	10.47	(58.33)	33.33	(25.00)	233.33
9K1	1.57	(0.29)	0.00	1.97	0.00	0.00	2.94	(3.89)	14.80
3RKU	1.55	0.29	0.10	1.68	1.49	(2.09)	3.25	(2.50)	9.52

Be your own money manager

Our tools can tell you how much better you can do entering a position in Fast Retailing 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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Fast Retailing Corporate Management

Elected by the shareholders, the Fast Retailing's board of directors comprises two types of representatives: Fast Retailing inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Fast. The board's role is to monitor Fast Retailing's management team and ensure that shareholders' interests are well served. Fast Retailing'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, Fast Retailing's outside directors are responsible for providing unbiased perspectives on the board's policies.

Tadashi Yanai	Pres Chairman	Profile
Daisuke Watanabe	Legal Mang	Profile
Takenari Motoda	Group VP	Profile
Shuichi Nakajima	Group Director	Profile
Takeshi Okazaki	Group CFO	Profile
Yukihiro Katsuta	Group Officer	Profile
Yoshihiro Kunii	Head VP	Profile

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