FUYO GENERAL Correlations

FXL Stock

22.80 0.20 0.87%

The current 90-days correlation between FUYO GENERAL LEASE and United Rentals is -0.27 (i.e., Very good diversification). The correlation of FUYO GENERAL 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.

FUYO GENERAL Correlation With Market

Good diversification

The correlation between FUYO GENERAL LEASE and DJI is -0.14 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding FUYO GENERAL LEASE and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against FUYO Stock

0.79	CUCA	Avis Budget Group	Pair Corr
0.74	61F	ELEMENT FLEET MGMT	Pair Corr
0.71	0LC	Ashtead Group plc	Pair Corr
0.69	3AL	ALD SA	Pair Corr
0.67	KSF1	SHINHAN FINL ADR1 Earnings Call This Week	Pair Corr
0.65	KBIA	KB Financial Group Earnings Call This Week	Pair Corr
0.6	UR3	United Rentals Earnings Call This Week	Pair Corr
0.6	PKX	POSCO Holdings	Pair Corr
0.51	9NPA	NIPPON PROLOGIS REIT Split	Pair Corr
0.49	SIX3	Sixt SE	Pair Corr
0.49	SIX3	Sixt SE	Pair Corr
0.41	0S2	UNITED URBAN INV	Pair Corr
0.38	E908	Lyxor 1	Pair Corr
0.33	KMBA	SK TELECOM TDADR	Pair Corr

Related Correlations Analysis

	UR3	0LC	AUK	WS11	CUCA	3AL	SIX3	61F	SIX2	SIX3
UR3		0.7	-0.08	0.81	0.63	0.66	0.61	0.72	0.39	0.58	UR3
0LC	0.7		-0.27	0.47	0.88	0.83	0.79	0.91	0.59	0.79	0LC
AUK	-0.08	-0.27		0.38	-0.55	-0.51	-0.27	-0.34	-0.25	-0.28	AUK
WS11	0.81	0.47	0.38		0.27	0.28	0.4	0.46	0.23	0.37	WS11
CUCA	0.63	0.88	-0.55	0.27		0.93	0.83	0.91	0.66	0.83	CUCA
3AL	0.66	0.83	-0.51	0.28	0.93		0.85	0.87	0.68	0.86	3AL
SIX3	0.61	0.79	-0.27	0.4	0.83	0.85		0.82	0.92	0.99	SIX3
61F	0.72	0.91	-0.34	0.46	0.91	0.87	0.82		0.63	0.82	61F
SIX2	0.39	0.59	-0.25	0.23	0.66	0.68	0.92	0.63		0.92	SIX2
SIX3	0.58	0.79	-0.28	0.37	0.83	0.86	0.99	0.82	0.92		SIX3
	UR3	0LC	AUK	WS11	CUCA	3AL	SIX3	61F	SIX2	SIX3

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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

SIX3	+ 0.99	SIX3
3AL	+ 0.93	CUCA
SIX2	+ 0.92	SIX3
SIX3	+ 0.92	SIX2
61F	+ 0.91	0LC
61F	+ 0.91	CUCA

High negative correlations

CUCA	- 0.55	AUK
3AL	- 0.51	AUK
61F	- 0.34	AUK
SIX3	- 0.28	AUK
SIX3	- 0.27	AUK
AUK	- 0.27	0LC

Risk-Adjusted Indicators

There is a big difference between FUYO Stock performing well and FUYO GENERAL 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 FUYO GENERAL'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
UR3	1.66	0.44	0.20	2.20	1.44	(2.04)	4.25	(2.46)	11.30
0LC	1.46	0.36	0.12	(8.00)	1.29	(1.97)	4.76	(2.51)	11.50
AUK	1.34	0.07	(0.02)	0.39	1.41	(1.97)	3.74	(2.56)	10.11
WS11	2.26	0.32	0.09	1.43	2.06	(3.12)	6.61	(4.07)	13.96
CUCA	2.68	1.27	0.50	2.18	1.71	(3.44)	8.55	(3.28)	20.15
3AL	1.08	0.25	0.10	1.72	1.09	(1.26)	2.20	(2.00)	5.77
SIX3	1.18	0.39	0.18	68.84	1.08	(1.32)	3.44	(1.60)	6.86
61F	0.92	0.23	0.07	9.16	0.74	(1.37)	1.99	(1.93)	5.73
SIX2	1.43	0.48	0.19	(1.14)	1.26	(1.72)	3.54	(2.43)	7.96
SIX3	1.19	0.40	0.20	9.00	0.91	(1.55)	2.76	(2.14)	6.59

Be your own money manager

Our tools can tell you how much better you can do entering a position in FUYO GENERAL 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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