Fast Retailing Correlations
| FRCOF Stock | USD 435.40 1.06 0.24% |
The current 90-days correlation between Fast Retailing and BYD Co Ltd is 0.17 (i.e., Average 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.
Fast Retailing Correlation With Market
Poor diversification
The correlation between Fast Retailing Co and DJI is 0.76 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fast Retailing Co and DJI in the same portfolio, assuming nothing else is changed.
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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 Pink Sheet
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| 0.91 | FRCOY | Fast Retailing | PairCorr |
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| 0.79 | IGIFF | IGM Financial | PairCorr |
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| 0.92 | JOE | St Joe Company | PairCorr |
| 0.67 | NXDT-PA | NexPoint Diversified Real | PairCorr |
| 0.76 | PAC | Grupo Aeroportuario del | PairCorr |
| 0.84 | PGC | Peapack Gladstone Normal Trading | PairCorr |
| 0.86 | SYANY | Sydbank AS ADR | PairCorr |
| 0.73 | FGMC | FG Merger II | PairCorr |
| 0.76 | WGO | Winnebago Industries | PairCorr |
| 0.87 | LIN | Linde plc Ordinary | PairCorr |
| 0.89 | TOELY | Tokyo Electron | PairCorr |
| 0.88 | BKR | Baker Hughes | PairCorr |
| 0.83 | TPL | Texas Pacific Land | PairCorr |
| 0.72 | CET | Central Securities | PairCorr |
| 0.82 | JBLU | JetBlue Airways Corp | PairCorr |
| 0.75 | FOXF | Fox Factory Holding | PairCorr |
| 0.92 | SW | Smurfit WestRock plc | PairCorr |
| 0.83 | NEE-PN | Nextera Energy | PairCorr |
| 0.79 | PNC | PNC Financial Services | PairCorr |
| 0.67 | STNE | StoneCo | PairCorr |
| 0.91 | ASML | ASML Holding NV | PairCorr |
| 0.81 | RYCEF | Rolls Royce Holdings | PairCorr |
Moving against Fast Pink Sheet
Related Correlations Analysis
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Fast Pink Sheet 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BYDDY | 1.53 | (0.05) | (0.03) | 0.02 | 2.13 | 3.57 | 11.92 | |||
| CFRHF | 1.63 | (0.04) | (0.03) | 0.03 | 1.83 | 4.14 | 8.79 | |||
| CFRUY | 1.13 | (0.05) | (0.04) | 0.00 | 1.74 | 1.84 | 8.31 | |||
| IDEXY | 1.09 | 0.28 | 0.22 | 0.50 | 0.72 | 2.23 | 12.49 | |||
| CHDRF | 0.75 | (0.12) | 0.00 | (0.09) | 0.00 | 2.26 | 12.45 | |||
| CHDRY | 2.08 | (0.06) | 0.00 | (0.53) | 0.00 | 4.43 | 13.42 | |||
| BYDDF | 1.50 | (0.04) | (0.03) | 0.02 | 2.02 | 3.69 | 11.99 | |||
| FYGGY | 2.96 | 0.20 | 0.01 | (0.53) | 3.66 | 10.34 | 27.53 | |||
| HNNMY | 1.09 | 0.23 | 0.10 | 3.99 | 1.28 | 3.23 | 7.90 | |||
| IDEXF | 1.64 | 0.34 | 0.13 | 1.48 | 1.73 | 3.65 | 16.66 |
Be your own money manager
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Fast Retailing Corporate Management
| Shuichi Nakajima | Group Executive VP | Profile | |
| Daisuke Watanabe | Legal Mang | Profile | |
| Takenari Motoda | Group Executive Officer | Profile | |
| Yukihiro Katsuta | Group Officer | Profile | |
| Yoshihiro Kunii | Group Executive Officer | Profile |