FUYO GENERAL Correlations
| FXL Stock | 73.00 1.00 1.39% |
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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as FUYO GENERAL moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if FUYO GENERAL LEASE moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Significant diversification
The correlation between FUYO GENERAL LEASE and NYA is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding FUYO GENERAL LEASE and NYA in the same portfolio, assuming nothing else is changed.
FUYO |
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 together with FUYO Stock
Moving against FUYO Stock
| 0.77 | 3AL | ALD SA | PairCorr |
| 0.74 | 61F | ELEMENT FLEET MGMT | PairCorr |
| 0.73 | LSPP | Chocoladefabriken Lindt | PairCorr |
| 0.67 | DBPE | Xtrackers LevDAX | PairCorr |
| 0.62 | KGHA | KGHM Polska Miedz | PairCorr |
| 0.57 | DP4B | AP Mller | PairCorr |
| 0.56 | S0V | Seaboard | PairCorr |
| 0.55 | DP4A | AP Mller | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
|
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 | 1.55 | (0.05) | 0.00 | (0.18) | 0.00 | 3.02 | 13.43 | |||
| 951 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| 8SP | 0.98 | 0.06 | 0.03 | 0.17 | 1.03 | 2.44 | 6.74 | |||
| 2DG | 4.73 | 0.22 | 0.02 | (0.30) | 5.71 | 13.04 | 47.58 | |||
| TLX | 1.12 | 0.22 | 0.16 | 0.32 | 1.14 | 2.83 | 6.25 | |||
| TM9 | 2.45 | 0.18 | 0.03 | 0.82 | 4.35 | 7.02 | 35.83 | |||
| INVN | 3.53 | (0.89) | 0.00 | 2.51 | 0.00 | 8.49 | 36.27 | |||
| IUI1 | 1.20 | 0.06 | 0.02 | 0.75 | 1.61 | 2.52 | 7.29 |
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.Did you try this?
Run Premium Stories Now
Premium StoriesFollow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope |
| All Next | Launch Module |
Already Invested in FUYO GENERAL LEASE?
The danger of trading FUYO GENERAL LEASE is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of FUYO GENERAL is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than FUYO GENERAL. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile FUYO GENERAL LEASE is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in FUYO GENERAL LEASE. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.
Complementary Tools for FUYO Stock analysis
When running FUYO GENERAL's price analysis, check to measure FUYO GENERAL's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy FUYO GENERAL is operating at the current time. Most of FUYO GENERAL's value examination focuses on studying past and present price action to predict the probability of FUYO GENERAL's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move FUYO GENERAL's price. Additionally, you may evaluate how the addition of FUYO GENERAL to your portfolios can decrease your overall portfolio volatility.
| Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated | |
| Portfolio Analyzer Portfolio analysis module that provides access to portfolio diagnostics and optimization engine | |
| Price Exposure Probability Analyze equity upside and downside potential for a given time horizon across multiple markets | |
| FinTech Suite Use AI to screen and filter profitable investment opportunities | |
| Insider Screener Find insiders across different sectors to evaluate their impact on performance | |
| Commodity Channel Use Commodity Channel Index to analyze current equity momentum | |
| Financial Widgets Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets | |
| Positions Ratings Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings | |
| Equity Valuation Check real value of public entities based on technical and fundamental data | |
| Idea Analyzer Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas |