Fast Retailing Correlations
| FRCOF Stock | USD 360.00 17.25 5.03% |
The current 90-days correlation between Fast Retailing and Industria de Diseo is -0.01 (i.e., Good diversification). The correlation of Fast Retailing 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.
Fast Retailing Correlation With Market
Modest diversification
The correlation between Fast Retailing Co and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fast Retailing Co and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Fast Retailing could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Fast Retailing 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 Fast Retailing - 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 Fast Retailing Co to buy it.
Moving together with Fast Pink Sheet
| 0.83 | FRCOY | Fast Retailing | PairCorr |
| 0.61 | ROST | Ross Stores | PairCorr |
| 0.76 | NXGPY | Next PLC ADR | PairCorr |
| 0.71 | SWKH | SWK Holdings Corp | PairCorr |
| 0.66 | NGTF | NightFood Holdings | PairCorr |
| 0.79 | CCVTF | China Conch Venture | PairCorr |
| 0.75 | CPKF | Chesapeake Finl Shs | PairCorr |
| 0.63 | AIRYY | Air China | PairCorr |
| 0.71 | MTD | Mettler Toledo Inter | PairCorr |
Moving against Fast Pink Sheet
| 0.7 | DUO | Fangdd Network Group | PairCorr |
| 0.68 | FSXLF | Fosterville South Earnings Call This Week | PairCorr |
| 0.59 | SOMMY | Sumitomo Chemical | PairCorr |
| 0.39 | CLVR | Clever Leaves Holdings | PairCorr |
Related Correlations Analysis
| 0.62 | 0.38 | 0.39 | 0.58 | 0.5 | 0.64 | TJX | ||
| 0.62 | 0.47 | 0.64 | 0.61 | 0.65 | 0.52 | IDEXF | ||
| 0.38 | 0.47 | 0.83 | 0.61 | 0.76 | 0.6 | FRCOF | ||
| 0.39 | 0.64 | 0.83 | 0.76 | 0.82 | 0.59 | FRCOY | ||
| 0.58 | 0.61 | 0.61 | 0.76 | 0.72 | 0.67 | ROST | ||
| 0.5 | 0.65 | 0.76 | 0.82 | 0.72 | 0.86 | NXGPY | ||
| 0.64 | 0.52 | 0.6 | 0.59 | 0.67 | 0.86 | NXGPF | ||
Risk-Adjusted Indicators
There is a big difference between Fast Pink Sheet performing well and Fast Retailing 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 Fast Retailing'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| TJX | 0.81 | 0.15 | 0.12 | 0.43 | 0.78 | 1.55 | 3.97 | |||
| IDEXF | 2.10 | 0.22 | 0.08 | 0.53 | 2.37 | 3.57 | 10.47 | |||
| FRCOF | 1.57 | 0.04 | 0.01 | 0.09 | 2.38 | 5.03 | 19.25 | |||
| FRCOY | 1.47 | 0.10 | 0.05 | 0.14 | 1.95 | 3.49 | 10.56 | |||
| ROST | 0.98 | 0.24 | 0.19 | 0.82 | 0.75 | 2.57 | 6.25 | |||
| NXGPY | 0.82 | 0.14 | 0.03 | 1.41 | 1.00 | 2.76 | 11.32 | |||
| NXGPF | 0.42 | 0.21 | 0.00 | (3.74) | 0.00 | 0.00 | 13.75 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Fast Retailing 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?
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Fast Retailing Corporate Management
| Shuichi Nakajima | Group Executive VP | Profile | |
| Daisuke Watanabe | Legal Mang | Profile | |
| Takenari Motoda | Group Executive Officer | Profile | |
| Yukihiro Katsuta | Group Officer | Profile | |
| Yoshihiro Kunii | Group Executive Officer | Profile |