Fanuc Correlations

FUC Stock

EUR 35.45 0.03 0.08%

The current 90-days correlation between Fanuc and Singapore Telecommunications Limited is -0.14 (i.e., Good 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Fanuc Correlation With Market

Significant diversification

The correlation between Fanuc and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fanuc and DJI in the same portfolio, assuming nothing else is changed.

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

0.73	BUU	DevEx Resources	Pair Corr
0.74	Y87	GOLCONDA GOLD LTD	Pair Corr
0.7	5M2	MEDIA NUSANTARA CIT	Pair Corr
0.68	S92	SMA SOLAR TECH	Pair Corr
0.69	AD2B	AIR CHINA LTD	Pair Corr
0.92	0B2	BAWAG Group AG	Pair Corr
0.87	WAC	Wacker Neuson SE	Pair Corr
0.92	I8M	Sims Metal Management	Pair Corr
0.84	1ZG	Zegona Communications plc	Pair Corr
0.81	8ZI	Scandinavian Tobacco	Pair Corr
0.67	DDN	Darden Restaurants	Pair Corr
0.73	AUS	AT S Austria	Pair Corr
0.86	COZ	Cognizant Technology	Pair Corr
0.84	M3N	Man Group plc	Pair Corr
0.62	HPX	Hisamitsu Pharmaceutical	Pair Corr
0.77	TJX	TJX Companies	Pair Corr
0.85	2UK	OSB GROUP PLC	Pair Corr

Moving against Fanuc Stock

0.73	MSF	Microsoft Earnings Call This Week	Pair Corr
0.72	MSF	Microsoft Earnings Call This Week	Pair Corr
0.72	MSF	Microsoft Earnings Call This Week	Pair Corr
0.72	MSF	Microsoft Earnings Call This Week	Pair Corr
0.62	MSF	Microsoft Earnings Call This Week	Pair Corr
0.41	MCK	McKesson	Pair Corr

Related Correlations Analysis

	7JZ	3RW	AOC	EV9	SIT4	8SX0	P4Q
7JZ		0.89	0.67	0.63	0.28	0.86	0.8	7JZ
3RW	0.89		0.71	0.7	0.34	0.87	0.87	3RW
AOC	0.67	0.71		0.82	0.57	0.79	0.82	AOC
EV9	0.63	0.7	0.82		0.68	0.7	0.82	EV9
SIT4	0.28	0.34	0.57	0.68		0.29	0.61	SIT4
8SX0	0.86	0.87	0.79	0.7	0.29		0.88	8SX0
P4Q	0.8	0.87	0.82	0.82	0.61	0.88		P4Q
	7JZ	3RW	AOC	EV9	SIT4	8SX0	P4Q

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
7JZ	2.36	0.24	0.07	0.34	2.88	(2.77)	5.39	(5.03)	22.38
3RW	2.16	0.67	0.17	0.67	1.54	(4.53)	5.26	(2.78)	33.56
AOC	2.66	0.64	0.21	1.12	2.37	(3.45)	6.40	(4.17)	18.88
EV9	2.73	0.67	0.25	0.96	2.14	(3.75)	8.06	(4.23)	30.72
SIT4	1.30	0.20	0.05	(1.14)	1.40	(1.67)	2.91	(2.47)	9.74
8SX0	4.01	0.98	0.16	9.44	4.36	(5.69)	9.57	(6.15)	49.77
P4Q	1.86	0.36	0.12	0.91	1.97	(2.06)	3.70	(3.40)	8.60

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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