Fanuc Correlations

FANUF Stock

USD 30.45 1.45 5.00%

The current 90-days correlation between Fanuc and SMC Corp is 0.12 (i.e., Average 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.

Fanuc Correlation With Market

Significant diversification

The correlation between Fanuc and DJI is 0.04 (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 Pink Sheet

0.78	GE	GE Aerospace	Pair Corr
0.68	GOTRF	Goliath Resources	Pair Corr
0.63	SGAPY	Singapore Telecommunicatio	Pair Corr
0.7	CIMO	Chimera Investment	Pair Corr
0.64	HERF	Red Oak Hereford	Pair Corr

Moving against Fanuc Pink Sheet

0.64	INBX	Inhibrx Symbol Change	Pair Corr
0.6	BOWL	Bowlero Corp Symbol Change	Pair Corr
0.44	ETN	Eaton PLC	Pair Corr
0.35	LNDNF	Lundin Energy AB	Pair Corr
0.44	QMCO	Quantum Trending	Pair Corr
0.39	SAVA	Cassava Sciences	Pair Corr
0.32	CSTM	Constellium Nv	Pair Corr
0.31	CHNXF	ChitogenX	Pair Corr

Related Correlations Analysis

	SMECF	FANUY	RRX	GGG	VWSYF	GNRC	SBGSY	SIEGY	NJDCY	VWDRY
SMECF		-0.46	0.49	0.2	-0.01	0.57	0.13	0.0	0.0	0.0	SMECF
FANUY	-0.46		-0.39	0.19	0.28	-0.54	0.08	0.0	0.0	0.22	FANUY
RRX	0.49	-0.39		0.06	-0.63	0.91	0.52	0.0	0.0	-0.62	RRX
GGG	0.2	0.19	0.06		0.14	0.18	0.22	0.0	0.0	0.09	GGG
VWSYF	-0.01	0.28	-0.63	0.14		-0.57	-0.46	0.0	0.0	0.97	VWSYF
GNRC	0.57	-0.54	0.91	0.18	-0.57		0.55	0.0	0.0	-0.56	GNRC
SBGSY	0.13	0.08	0.52	0.22	-0.46	0.55		0.0	0.0	-0.48	SBGSY
SIEGY	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	SIEGY
NJDCY	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	NJDCY
VWDRY	0.0	0.22	-0.62	0.09	0.97	-0.56	-0.48	0.0	0.0		VWDRY
	SMECF	FANUY	RRX	GGG	VWSYF	GNRC	SBGSY	SIEGY	NJDCY	VWDRY

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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

VWDRY	+ 0.97	VWSYF
GNRC	+ 0.91	RRX
GNRC	+ 0.57	SMECF
SBGSY	+ 0.55	GNRC
SBGSY	+ 0.52	RRX
RRX	+ 0.49	SMECF

High negative correlations

VWSYF	- 0.63	RRX
VWDRY	- 0.62	RRX
GNRC	- 0.57	VWSYF
VWDRY	- 0.56	GNRC
GNRC	- 0.54	FANUY
VWDRY	- 0.48	SBGSY

Risk-Adjusted Indicators

There is a big difference between Fanuc Pink Sheet 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
SMECF	2.43	(0.10)	0.00	(0.29)	0.00	0.00	4.08	(4.26)	17.68
FANUY	1.24	0.24	0.17	0.20	1.35	(1.53)	3.07	(2.02)	11.40
RRX	1.59	(0.42)	0.00	(0.43)	0.00	0.00	3.05	(4.31)	11.42
GGG	1.00	0.00	0.00	(0.11)	0.00	0.00	1.60	(2.25)	4.96
VWSYF	2.53	0.28	0.12	0.31	2.59	(2.83)	6.07	(3.55)	12.77
GNRC	1.51	(0.41)	0.00	(0.79)	0.00	0.00	2.09	(3.79)	11.43
SBGSY	1.78	(0.03)	0.00	(0.19)	0.00	0.00	3.37	(3.80)	12.73
SIEGY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NJDCY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
VWDRY	2.32	0.35	0.14	0.22	2.25	(2.88)	5.09	(3.96)	13.68

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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