Fujitsu Correlations

FJTSY Stock

USD 20.53 0.14 0.68%

The current 90-days correlation between Fujitsu Ltd ADR and Cognizant Technology Solutions is -0.06 (i.e., Good diversification). The correlation of Fujitsu 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.

Fujitsu Correlation With Market

Significant diversification

The correlation between Fujitsu Ltd ADR and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fujitsu Ltd ADR and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Fujitsu Pink Sheet

0.64	NVRO	Nevro Corp	Pair Corr
0.65	JNJ	Johnson Johnson	Pair Corr
0.69	T	ATT Inc Earnings Call This Week	Pair Corr
0.71	IBM	International Business	Pair Corr
0.69	MCD	McDonalds	Pair Corr

Moving against Fujitsu Pink Sheet

0.45	MRK	Merck Company	Pair Corr
0.44	AA	Alcoa Corp	Pair Corr
0.42	MSFT	Microsoft	Pair Corr
0.39	GSTX	Graphene Solar Techn Earnings Call This Week	Pair Corr
0.33	CHHE	China Health Industries	Pair Corr
0.31	PFE	Pfizer Inc Sell-off Trend	Pair Corr

Related Correlations Analysis

	CTG	INOD	ASGN	FORTY	SRT	CSPI	NYAX	III	ALYA	G
CTG		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	CTG
INOD	0.0		-0.77	0.55	0.0	-0.05	0.43	-0.37	0.0	0.67	INOD
ASGN	0.0	-0.77		-0.6	0.0	0.17	-0.4	0.21	0.0	-0.68	ASGN
FORTY	0.0	0.55	-0.6		0.0	0.32	0.37	0.17	0.0	0.65	FORTY
SRT	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	SRT
CSPI	0.0	-0.05	0.17	0.32	0.0		0.42	0.11	0.0	0.36	CSPI
NYAX	0.0	0.43	-0.4	0.37	0.0	0.42		-0.57	0.0	0.84	NYAX
III	0.0	-0.37	0.21	0.17	0.0	0.11	-0.57		0.0	-0.36	III
ALYA	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	ALYA
G	0.0	0.67	-0.68	0.65	0.0	0.36	0.84	-0.36	0.0		G
	CTG	INOD	ASGN	FORTY	SRT	CSPI	NYAX	III	ALYA	G

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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

G	+ 0.84	NYAX
G	+ 0.67	INOD
G	+ 0.65	FORTY
FORTY	+ 0.55	INOD
NYAX	+ 0.43	INOD
NYAX	+ 0.42	CSPI

High negative correlations

ASGN	- 0.77	INOD
G	- 0.68	ASGN
FORTY	- 0.6	ASGN
III	- 0.57	NYAX
NYAX	- 0.4	ASGN
III	- 0.37	INOD

Risk-Adjusted Indicators

There is a big difference between Fujitsu Pink Sheet performing well and Fujitsu 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 Fujitsu'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
CTG	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
INOD	5.63	0.69	0.07	0.20	7.56	(5.66)	12.20	(13.02)	37.27
ASGN	1.56	(0.34)	0.00	(0.48)	0.00	0.00	2.64	(4.67)	9.60
FORTY	1.61	0.04	0.03	0.02	2.06	(2.33)	4.53	(3.57)	12.00
SRT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CSPI	3.89	0.21	0.04	0.18	5.38	(3.82)	7.24	(7.35)	33.51
NYAX	1.70	0.36	0.23	2.37	1.52	(2.04)	3.43	(3.17)	13.23
III	1.80	0.06	0.03	(0.01)	1.89	(2.29)	4.52	(3.19)	11.35
ALYA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
G	1.08	0.24	0.22	0.35	1.08	(1.21)	2.24	(2.26)	13.98

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Our tools can tell you how much better you can do entering a position in Fujitsu 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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Fujitsu Corporate Management

Yuzuru Fukuda	CIO, VP	Profile
Vivek Mahajan	SEVP Officer	Profile
Paul Patterson	Exec Officer	Profile
Kyoko Mizuguchi	Gen VP	Profile
Eithne CB	Managing Division	Profile
Hidenori BEng	Chief COO	Profile

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