Fast Retailing Correlations

FRCOY Stock

USD 39.47 0.79 1.96%

The current 90-days correlation between Fast Retailing and Meituan ADR 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Fast Retailing Correlation With Market

Very weak diversification

The correlation between Fast Retailing Co and DJI is 0.51 (i.e., Very weak 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.

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

0.7	FRCOF	Fast Retailing	Pair Corr
0.69	NXGPY	Next PLC ADR	Pair Corr
0.61	AMZN	Amazon Inc	Pair Corr
0.68	TSM	Taiwan Semiconductor Aggressive Push	Pair Corr
0.76	ACR-PC	ACRES Commercial Realty	Pair Corr
0.62	LAND	Gladstone Land	Pair Corr
0.62	MNMD	Mind Medicine Symbol Change	Pair Corr

Moving against Fast Pink Sheet

0.34

MSFT

Microsoft

Pair Corr

Related Correlations Analysis

	MPNGY	MPNGF	FRCOF	FYGGY	CAOHF	WFAFY	MBGAF	MBGYY
MPNGY		0.55	0.29	-0.06	0.0	0.0	0.38	0.39	MPNGY
MPNGF	0.55		0.29	0.04	0.0	0.07	0.22	0.21	MPNGF
FRCOF	0.29	0.29		-0.26	0.0	0.03	0.41	0.39	FRCOF
FYGGY	-0.06	0.04	-0.26		0.0	0.53	-0.79	-0.77	FYGGY
CAOHF	0.0	0.0	0.0	0.0		0.0	0.0	0.0	CAOHF
WFAFY	0.0	0.07	0.03	0.53	0.0		-0.53	-0.52	WFAFY
MBGAF	0.38	0.22	0.41	-0.79	0.0	-0.53		1.0	MBGAF
MBGYY	0.39	0.21	0.39	-0.77	0.0	-0.52	1.0		MBGYY
	MPNGY	MPNGF	FRCOF	FYGGY	CAOHF	WFAFY	MBGAF	MBGYY

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

MBGYY	+ 1.0	MBGAF
MPNGF	+ 0.55	MPNGY
WFAFY	+ 0.53	FYGGY
MBGAF	+ 0.41	FRCOF
MBGYY	+ 0.39	MPNGY
MBGYY	+ 0.39	FRCOF

High negative correlations

MBGAF	- 0.79	FYGGY
MBGYY	- 0.77	FYGGY
MBGAF	- 0.53	WFAFY
MBGYY	- 0.52	WFAFY
FYGGY	- 0.26	FRCOF
FYGGY	- 0.06	MPNGY

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
MPNGY	1.39	(0.10)	(0.06)	(0.01)	1.58	(1.58)	3.51	(2.43)	9.65
MPNGF	2.57	0.04	(0.01)	0.27	3.47	(2.90)	4.90	(5.78)	16.34
FRCOF	1.26	0.24	0.05	0.29	1.42	(4.11)	5.03	(2.50)	19.25
FYGGY	1.63	(0.27)	0.00	(3.98)	0.00	0.00	4.74	(4.76)	23.82
CAOHF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
WFAFY	1.20	(0.09)	(0.05)	(0.01)	1.89	(1.21)	2.17	(2.38)	11.10
MBGAF	1.11	0.14	0.06	0.41	1.25	(1.17)	3.01	(2.13)	7.89
MBGYY	1.14	0.13	0.06	0.32	1.25	(1.20)	2.79	(2.45)	6.98

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

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

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