Fanuc Correlations

FUC Stock

EUR 32.95 1.01 3.16%

The current 90-days correlation between Fanuc and Eaton PLC is 0.08 (i.e., Significant diversification). The correlation of Fanuc 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.

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

Moving together with Fanuc Stock

0.69	EMR	Emerson Electric	Pair Corr
0.75	PAR	Parker Hannifin	Pair Corr
0.78	SSU	Samsung Electronics	Pair Corr
0.7	SSUN	Samsung Electronics	Pair Corr
0.69	SSUN	Samsung Electronics	Pair Corr
0.76	SSU	Samsung Electronics	Pair Corr

Moving against Fanuc Stock

0.53	ALD	Honeywell International	Pair Corr
0.49	3EC	Eaton PLC	Pair Corr
0.33	2IS	Trane Technologies plc	Pair Corr
0.31	E908	Lyxor 1	Pair Corr

Related Correlations Analysis

	ALD	3EC	ABJA	MMM	EMR	PAR	2IS
ALD		0.58	0.45	-0.46	-0.24	-0.77	0.22	ALD
3EC	0.58		0.38	-0.35	-0.02	-0.71	0.77	3EC
ABJA	0.45	0.38		-0.28	0.36	-0.34	0.2	ABJA
MMM	-0.46	-0.35	-0.28		0.31	0.71	0.11	MMM
EMR	-0.24	-0.02	0.36	0.31		0.35	0.1	EMR
PAR	-0.77	-0.71	-0.34	0.71	0.35		-0.38	PAR
2IS	0.22	0.77	0.2	0.11	0.1	-0.38		2IS
	ALD	3EC	ABJA	MMM	EMR	PAR	2IS

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

2IS	+ 0.77	3EC
PAR	+ 0.71	MMM
3EC	+ 0.58	ALD
ABJA	+ 0.45	ALD
ABJA	+ 0.38	3EC
EMR	+ 0.36	ABJA

High negative correlations

PAR	- 0.77	ALD
PAR	- 0.71	3EC
MMM	- 0.46	ALD
2IS	- 0.38	PAR
MMM	- 0.35	3EC
PAR	- 0.34	ABJA

Risk-Adjusted Indicators

There is a big difference between Fanuc Stock performing well and Fanuc 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 Fanuc'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
ALD	1.16	(0.09)	0.00	0.81	0.00	0.00	2.68	(3.29)	10.99
3EC	1.61	(0.19)	0.00	0.77	0.00	0.00	3.41	(4.53)	13.44
ABJA	0.94	0.06	0.02	0.24	1.20	(1.06)	1.97	(2.28)	6.35
MMM	1.15	0.06	0.01	0.80	1.29	(1.23)	2.33	(1.91)	10.04
EMR	1.23	0.00	(0.01)	0.05	1.50	(1.32)	2.63	(2.25)	7.75
PAR	1.13	0.21	0.16	0.31	1.00	(1.34)	2.13	(1.91)	13.58
2IS	1.10	(0.05)	0.00	0.94	0.00	0.00	1.86	(2.21)	8.24

Be your own money manager

Our tools can tell you how much better you can do entering a position in Fanuc 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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Fanuc Corporate Management

Elected by the shareholders, the Fanuc's board of directors comprises two types of representatives: Fanuc inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Fanuc. The board's role is to monitor Fanuc's management team and ensure that shareholders' interests are well served. Fanuc'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, Fanuc's outside directors are responsible for providing unbiased perspectives on the board's policies.

Yoshihiro Gonda	Sr CFO	Profile
Hiroshi Noda	Exec Division	Profile
Kenji Yamaguchi	CEO Pres	Profile
Hiroyuki Uchida	Sr CTO	Profile
Yutaka Saito	CISO EVP	Profile
Kiyonori Inaba	Exec Division	Profile

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