Fuji Electric Correlations

FELTY Stock

USD 18.39 0.79 4.12%

The current 90-days correlation between Fuji Electric and Grupo Aeroportuario del is 0.07 (i.e., Significant diversification). The correlation of Fuji Electric 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.

Fuji Electric Correlation With Market

Poor diversification

The correlation between Fuji Electric Co and DJI is 0.79 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fuji Electric Co and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Fuji Electric 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 Electric 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 Electric - 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 Electric Co to buy it.

Moving together with Fuji Pink Sheet

0.68	ABLZF	ABB	Pair Corr
0.75	MIELY	Mitsubishi Electric Corp Earnings Call This Week	Pair Corr
0.64	MIELF	Mitsubishi Electric Earnings Call This Week	Pair Corr
0.69	WNC	Wabash National Earnings Call This Week	Pair Corr
0.82	FBIO	Fortress Biotech	Pair Corr
0.78	CRARF	Crdit Agricole SA Earnings Call This Week	Pair Corr
0.73	SYNA	Synaptics Incorporated Earnings Call This Week	Pair Corr
0.61	BIT	Blackrock Multi Sector	Pair Corr
0.74	SHERF	Sherritt International	Pair Corr
0.7	KRG	Kite Realty Group	Pair Corr
0.68	VLVLY	Volvo AB ADR	Pair Corr

Moving against Fuji Pink Sheet

0.75	APVO	Aptevo Therapeutics	Pair Corr
0.7	TRNR	Interactive Strength	Pair Corr
0.55	VLCN	VLCN Old Symbol Change	Pair Corr
0.54	TNBI	Tanke Biosciences	Pair Corr
0.53	SONG	Music Licensing	Pair Corr

Related Correlations Analysis

	GPAEF	STBBF	SKSBF	SKUFF	MLLUY	SWRBF	MLSPF	IKTSY	ELEEF	WEGRY
GPAEF		0.56	0.62	0.92	-0.65	-0.83	0.08	-0.71	-0.45	0.63	GPAEF
STBBF	0.56		0.79	0.46	-0.34	-0.34	0.22	-0.1	-0.11	0.65	STBBF
SKSBF	0.62	0.79		0.51	-0.73	-0.37	0.48	-0.2	-0.45	0.86	SKSBF
SKUFF	0.92	0.46	0.51		-0.56	-0.84	0.0	-0.73	-0.37	0.54	SKUFF
MLLUY	-0.65	-0.34	-0.73	-0.56		0.43	-0.41	0.44	0.69	-0.71	MLLUY
SWRBF	-0.83	-0.34	-0.37	-0.84	0.43		0.17	0.8	0.24	-0.39	SWRBF
MLSPF	0.08	0.22	0.48	0.0	-0.41	0.17		0.25	-0.3	0.53	MLSPF
IKTSY	-0.71	-0.1	-0.2	-0.73	0.44	0.8	0.25		0.44	-0.19	IKTSY
ELEEF	-0.45	-0.11	-0.45	-0.37	0.69	0.24	-0.3	0.44		-0.37	ELEEF
WEGRY	0.63	0.65	0.86	0.54	-0.71	-0.39	0.53	-0.19	-0.37		WEGRY
	GPAEF	STBBF	SKSBF	SKUFF	MLLUY	SWRBF	MLSPF	IKTSY	ELEEF	WEGRY

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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

SKUFF	+ 0.92	GPAEF
WEGRY	+ 0.86	SKSBF
IKTSY	+ 0.8	SWRBF
SKSBF	+ 0.79	STBBF
ELEEF	+ 0.69	MLLUY
WEGRY	+ 0.65	STBBF

High negative correlations

SWRBF	- 0.84	SKUFF
SWRBF	- 0.83	GPAEF
IKTSY	- 0.73	SKUFF
MLLUY	- 0.73	SKSBF
WEGRY	- 0.71	MLLUY
IKTSY	- 0.71	GPAEF

Risk-Adjusted Indicators

There is a big difference between Fuji Pink Sheet performing well and Fuji Electric 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 Electric'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
GPAEF	0.88	0.40	0.00	2.33	0.00	0.00	4.46	(0.53)	11.03
STBBF	1.00	0.22	0.00	0.44	0.00	0.00	0.00	0.00	20.01
SKSBF	0.95	0.17	0.04	2.85	1.19	(2.43)	2.61	(2.29)	12.69
SKUFF	0.69	0.27	0.00	(0.45)	0.00	0.00	0.00	0.00	22.39
MLLUY	1.05	(0.46)	0.00	1.42	0.00	0.00	0.00	(0.37)	23.75
SWRBF	0.16	(0.06)	0.00	0.84	0.00	0.00	0.00	0.00	7.23
MLSPF	3.12	0.07	0.02	0.10	3.47	(3.70)	6.98	(6.66)	16.86
IKTSY	0.95	(0.18)	0.00	(0.30)	0.00	0.00	1.96	(2.58)	7.11
ELEEF	1.27	(0.10)	0.00	(0.12)	0.00	0.00	2.61	(3.05)	13.67
WEGRY	1.25	0.19	0.08	0.53	1.73	(1.20)	3.53	(2.27)	8.99

Be your own money manager

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