Funko Correlations

FNKO Stock

USD 12.87 0.26 1.98%

The current 90-days correlation between Funko Inc and JAKKS Pacific is 0.17 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Funko moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Funko Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Funko Correlation With Market

Significant diversification

The correlation between Funko Inc and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Funko Inc and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Funko Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry.

Moving together with Funko Stock

0.61	GCO	Genesco	Pair Corr
0.61	GPI	Group 1 Automotive	Pair Corr

Moving against Funko Stock

0.82	DLTH	Duluth Holdings Earnings Call Next Week	Pair Corr
0.81	CAL	Continental	Pair Corr
0.78	FTEL	Fitell Ordinary	Pair Corr
0.57	BQ	Boqii Holding Limited	Pair Corr
0.55	WINA	Winmark	Pair Corr
0.54	LOW	Lowes Companies Earnings Call Tomorrow	Pair Corr
0.5	GPC	Genuine Parts	Pair Corr
0.48	BGI	Birks Group	Pair Corr
0.47	LAD	Lithia Motors	Pair Corr
0.38	HD	Home Depot	Pair Corr
0.38	VSCO	Victorias Secret	Pair Corr
0.84	BC	Brunswick	Pair Corr
0.76	F	Ford Motor Earnings Call Tomorrow	Pair Corr
0.75	ZUMZ	Zumiez Inc	Pair Corr
0.74	UPBD	Upbound Group	Pair Corr
0.65	GM	General Motors	Pair Corr
0.64	SCVL	Shoe Carnival	Pair Corr
0.63	DOGZ	Dogness International Earnings Call Tomorrow	Pair Corr
0.52	KIRK	Kirklands	Pair Corr
0.47	JFBR	Jeffs Brands	Pair Corr
0.45	CATO	Cato	Pair Corr
0.35	CPNG	Coupang LLC	Pair Corr

Related Correlations Analysis

	MAT	JAKK	MSGE	LTH	ESCA	AOUT	OSW	LEAT	SIX	SEAS
MAT		0.85	0.57	0.74	0.45	0.19	0.63	0.29	0.0	0.0	MAT
JAKK	0.85		0.64	0.84	0.36	0.33	0.79	0.08	0.0	0.0	JAKK
MSGE	0.57	0.64		0.58	0.51	-0.13	0.46	0.41	0.0	0.0	MSGE
LTH	0.74	0.84	0.58		0.44	0.53	0.72	-0.07	0.0	0.0	LTH
ESCA	0.45	0.36	0.51	0.44		-0.04	0.27	0.34	0.0	0.0	ESCA
AOUT	0.19	0.33	-0.13	0.53	-0.04		0.45	-0.73	0.0	0.0	AOUT
OSW	0.63	0.79	0.46	0.72	0.27	0.45		-0.15	0.0	0.0	OSW
LEAT	0.29	0.08	0.41	-0.07	0.34	-0.73	-0.15		0.0	0.0	LEAT
SIX	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	SIX
SEAS	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		SEAS
	MAT	JAKK	MSGE	LTH	ESCA	AOUT	OSW	LEAT	SIX	SEAS

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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

JAKK	+ 0.85	MAT
LTH	+ 0.84	JAKK
OSW	+ 0.79	JAKK
LTH	+ 0.74	MAT
OSW	+ 0.72	LTH
MSGE	+ 0.64	JAKK

High negative correlations

LEAT	- 0.73	AOUT
LEAT	- 0.15	OSW
AOUT	- 0.13	MSGE
LEAT	- 0.07	LTH
AOUT	- 0.04	ESCA
SEAS	- 0.0	SIX

Risk-Adjusted Indicators

There is a big difference between Funko Stock performing well and Funko 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 Funko'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
MAT	1.33	0.25	0.15	0.44	1.36	(1.47)	2.58	(2.33)	18.31
JAKK	1.80	0.12	0.04	(1.36)	3.11	(1.74)	3.12	(3.72)	20.77
MSGE	1.39	(0.08)	0.00	(1.15)	0.00	0.00	2.74	(3.21)	10.27
LTH	1.36	0.39	0.19	0.75	1.62	(1.44)	2.83	(2.52)	9.29
ESCA	1.91	0.20	0.07	0.17	2.59	(1.87)	4.12	(4.31)	13.13
AOUT	2.61	0.89	0.30	1.01	2.19	(2.88)	9.00	(3.86)	28.44
OSW	1.40	0.03	0.01	0.10	2.75	(1.30)	3.16	(2.92)	14.66
LEAT	0.86	(0.07)	0.00	(1.08)	0.00	0.00	1.86	(2.64)	8.17
SIX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SEAS	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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