Fuji Media Correlations

FTN Stock

EUR 11.90 0.80 7.21%

The current 90-days correlation between Fuji Media Holdings and Apple Inc is -0.17 (i.e., Good diversification). The correlation of Fuji Media 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.

Fuji Media Correlation With Market

Average diversification

The correlation between Fuji Media Holdings and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fuji Media Holdings and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Fuji Stock

0.35	9NPA	NIPPON PROLOGIS REIT	Pair Corr
0.33	DBPD	Xtrackers ShortDAX	Pair Corr
0.32	PKX	POSCO Holdings	Pair Corr
0.31	KSF1	SHINHAN FINL ADR1	Pair Corr

Related Correlations Analysis

	APC	APC	APC	APC	MSF	MSF	MSF	MSF	MSF	AMZ
APC		1.0	1.0	0.99	0.79	0.79	0.82	0.82	0.81	0.75	APC
APC	1.0		1.0	0.99	0.8	0.8	0.83	0.83	0.82	0.76	APC
APC	1.0	1.0		0.99	0.8	0.8	0.83	0.83	0.82	0.76	APC
APC	0.99	0.99	0.99		0.6	0.61	0.72	0.67	0.8	0.58	APC
MSF	0.79	0.8	0.8	0.6		0.99	0.99	0.97	0.68	0.85	MSF
MSF	0.79	0.8	0.8	0.61	0.99		0.98	0.98	0.68	0.84	MSF
MSF	0.82	0.83	0.83	0.72	0.99	0.98		0.98	0.8	0.85	MSF
MSF	0.82	0.83	0.83	0.67	0.97	0.98	0.98		0.72	0.86	MSF
MSF	0.81	0.82	0.82	0.8	0.68	0.68	0.8	0.72		0.58	MSF
AMZ	0.75	0.76	0.76	0.58	0.85	0.84	0.85	0.86	0.58		AMZ
	APC	APC	APC	APC	MSF	MSF	MSF	MSF	MSF	AMZ

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Risk-Adjusted Indicators

There is a big difference between Fuji Stock performing well and Fuji Media 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 Fuji Media'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
APC	0.92	0.01	(0.01)	(0.03)	1.82	(0.76)	1.64	(2.63)	7.16
APC	0.96	0.01	(0.01)	(0.02)	1.66	(0.86)	1.69	(2.88)	7.08
APC	0.98	0.02	(0.01)	(0.05)	1.68	(0.87)	1.67	(2.23)	6.61
APC	0.96	0.01	(0.01)	(0.04)	1.59	(0.90)	2.05	(2.01)	8.47
MSF	1.05	0.16	0.07	(0.42)	1.53	(1.07)	2.59	(1.92)	8.47
MSF	1.12	0.16	0.07	(0.54)	1.57	(1.27)	2.43	(1.93)	9.05
MSF	1.06	0.11	0.05	(0.39)	1.52	(1.11)	2.33	(2.16)	6.52
MSF	1.01	0.12	0.06	(0.64)	1.52	(1.04)	2.75	(1.84)	8.61
MSF	1.01	0.18	0.10	(2.14)	1.29	(1.16)	2.61	(1.61)	8.71
AMZ	1.29	0.45	0.27	(1.40)	1.11	(1.48)	2.98	(2.01)	9.60

Be your own money manager

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