Fair Isaac Correlations

FRI Stock

1,832 126.50 6.46%

The current 90-days correlation between Fair Isaac Corp and TELECOM ITALIA is -0.19 (i.e., Good diversification). The correlation of Fair Isaac 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.

Fair Isaac Correlation With Market

Significant diversification

The correlation between Fair Isaac Corp and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fair Isaac Corp and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Fair Stock

0.69	BN9	Bank of New York Mellon	Pair Corr
0.75	CHV	CHEVRON Dusseldorf	Pair Corr
0.78	FDX	FedEx	Pair Corr
0.78	1FA	SPROUTS FARMERS MKT	Pair Corr
0.61	CE1	Perdoceo Education	Pair Corr
0.69	LIE	SUN LIFE FINANCIAL	Pair Corr
0.79	FAA	FABASOFT Dusseldorf	Pair Corr
0.71	YC3	CONCORDIA FINL GROUP	Pair Corr
0.65	NY70	MOLSON RS BEVERAGE	Pair Corr

Moving against Fair Stock

0.43	TEY	Teradyne	Pair Corr
0.51	DTG	Daimler Truck Holding	Pair Corr
0.33	NH5	NH HOTEL GROUP	Pair Corr
0.5	DTG	Daimler Truck Holding	Pair Corr
0.32	1YD	Broadcom	Pair Corr

Related Correlations Analysis

	BKHT	TG9	B7O	I8M	5ZM	HLG	COE	TQI
BKHT		0.37	-0.48	0.24	-0.9	-0.58	0.86	0.1	BKHT
TG9	0.37		-0.33	0.63	-0.44	-0.42	0.36	-0.29	TG9
B7O	-0.48	-0.33		-0.34	0.57	0.46	-0.43	0.18	B7O
I8M	0.24	0.63	-0.34		-0.32	-0.24	0.34	-0.22	I8M
5ZM	-0.9	-0.44	0.57	-0.32		0.46	-0.87	-0.07	5ZM
HLG	-0.58	-0.42	0.46	-0.24	0.46		-0.34	0.4	HLG
COE	0.86	0.36	-0.43	0.34	-0.87	-0.34		0.19	COE
TQI	0.1	-0.29	0.18	-0.22	-0.07	0.4	0.19		TQI
	BKHT	TG9	B7O	I8M	5ZM	HLG	COE	TQI

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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

COE	+ 0.86	BKHT
I8M	+ 0.63	TG9
5ZM	+ 0.57	B7O
HLG	+ 0.46	B7O
HLG	+ 0.46	5ZM
TQI	+ 0.4	HLG

High negative correlations

5ZM	- 0.9	BKHT
COE	- 0.87	5ZM
HLG	- 0.58	BKHT
B7O	- 0.48	BKHT
5ZM	- 0.44	TG9
COE	- 0.43	B7O

Risk-Adjusted Indicators

There is a big difference between Fair Stock performing well and Fair Isaac 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 Fair Isaac'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
BKHT	1.67	(0.27)	0.00	0.49	0.00	0.00	3.57	(3.26)	10.63
TG9	1.91	(0.09)	0.00	(15.18)	0.00	0.00	3.68	(4.09)	11.21
B7O	0.81	0.01	0.00	0.05	1.27	(3.83)	3.85	(3.70)	7.55
I8M	1.73	0.05	0.02	(0.48)	2.02	(2.03)	3.87	(3.16)	11.41
5ZM	1.59	0.28	0.14	1.84	1.81	(1.93)	3.92	(2.94)	12.64
HLG	2.51	0.78	0.27	(1.38)	1.96	(3.97)	8.04	(4.58)	30.90
COE	1.66	(0.47)	0.00	32.47	0.00	0.00	2.11	(4.87)	10.58
TQI	2.04	0.10	0.02	(0.42)	2.32	(4.93)	4.55	(4.35)	21.69

Be your own money manager

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