Funko Correlations
| FU2 Stock | EUR 3.85 0.33 9.38% |
The current 90-days correlation between Funko Inc and Samsung Electronics Co is 0.22 (i.e., Modest diversification). The correlation of Funko 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.
Funko Correlation With Market
Poor diversification
The correlation between Funko Inc and DJI is 0.72 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Funko Inc and DJI in the same portfolio, assuming nothing else is changed.
Funko |
The ability to find closely correlated positions to Funko could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Funko 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 Funko - 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 Funko Inc to buy it.
Moving together with Funko Stock
| 0.78 | 92I | ROMERIKE SPAREBANK | PairCorr |
| 0.61 | HCMA | HITACHI CONSTRMACHADR/2 | PairCorr |
| 0.63 | BFP | BBVA Banco Frances | PairCorr |
| 0.8 | BSI | BE Semiconductor Ind | PairCorr |
| 0.68 | ALV | Allianz SE Earnings Call This Week | PairCorr |
| 0.88 | ASME | ASML Holding NV | PairCorr |
| 0.71 | LOR | LOral SA | PairCorr |
| 0.82 | CWT | Curtiss Wright | PairCorr |
| 0.66 | L3X | Centrais Elétricas Earnings Call This Week | PairCorr |
| 0.63 | ZNHH | China Southern Airlines | PairCorr |
| 0.78 | FPP0 | ALTYNGOLD PLC LS | PairCorr |
| 0.83 | HBC1 | HSBC Holdings plc Earnings Call This Week | PairCorr |
| 0.81 | G40 | GDS Holdings Limited | PairCorr |
| 0.71 | CPA | Colgate Palmolive | PairCorr |
| 0.85 | 43C | CACTUS INC CLA Earnings Call This Week | PairCorr |
| 0.68 | DG1 | DAWSON GEOPHYSICAL | PairCorr |
| 0.77 | TQI | TELECOM ITALIA | PairCorr |
| 0.78 | 1SZ0 | Santacruz Silver Mining Split | PairCorr |
| 0.78 | KSB3 | KSB SE | PairCorr |
| 0.67 | FV6 | EMMI N Earnings Call This Week | PairCorr |
| 0.81 | TGE1 | MOBILEZONE N | PairCorr |
Moving against Funko Stock
| 0.84 | SON1 | Sony Group Corp | PairCorr |
| 0.72 | 5F3 | JINS HOLDINGS INC | PairCorr |
| 0.69 | DBPD | Xtrackers ShortDAX | PairCorr |
| 0.32 | 8LU | TAURUS ENERGY AB | PairCorr |
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
|
Risk-Adjusted Indicators
There is a big difference between Funko Stock performing well and Funko 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 Funko'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PQ9 | 0.54 | 0.12 | 0.00 | 0.49 | 0.00 | 4.55 | 9.11 | |||
| PQ9 | 0.99 | 0.14 | 0.00 | 0.70 | 0.00 | 4.35 | 24.58 | |||
| PQ9 | 4.85 | 0.51 | 0.03 | (0.26) | 5.73 | 17.39 | 40.26 | |||
| PQ9 | 2.64 | 0.34 | 0.05 | 1.87 | 2.87 | 5.00 | 26.79 | |||
| BKE1 | 2.51 | 0.18 | 0.01 | (0.15) | 3.41 | 5.00 | 37.50 | |||
| BKE1 | 1.14 | 0.25 | 0.00 | (2.98) | 0.00 | 0.00 | 29.17 | |||
| SSUN | 2.52 | 0.90 | 0.27 | (1.01) | 2.20 | 6.10 | 13.83 | |||
| SSUN | 2.61 | 0.94 | 0.27 | (1.01) | 2.32 | 6.04 | 14.94 | |||
| SSU | 2.95 | 1.12 | 0.36 | (1.48) | 2.24 | 7.66 | 15.03 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Funko 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.Did you try this?
Run Idea Breakdown Now
Idea BreakdownAnalyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes |
| All Next | Launch Module |
Funko Corporate Management
Elected by the shareholders, the Funko's board of directors comprises two types of representatives: Funko inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Funko. The board's role is to monitor Funko's management team and ensure that shareholders' interests are well served. Funko'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, Funko's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Cliff Engle | Logistics, Distribution | Profile | |
| Charles Denson | Independent Director | Profile | |
| Jessica PihaGrafstein | Director PR | Profile | |
| Diane Irvine | Independent Director | Profile | |
| Adam Kriger | Independent Director | Profile |