Fast Retailing Correlations

FRCOF Stock

USD 320.65 5.50 1.75%

The current 90-days correlation between Fast Retailing and Ross Stores is -0.1 (i.e., Good diversification). The correlation of Fast Retailing 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.

Fast Retailing Correlation With Market

Significant diversification

The correlation between Fast Retailing Co and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fast Retailing Co and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Fast Pink Sheet

0.63	FRCOY	Fast Retailing	Pair Corr
0.62	HNHPF	Hon Hai Precision	Pair Corr
0.74	ACN	Accenture plc Sell-off Trend	Pair Corr
0.69	IINN	Inspira Technologies Oxy	Pair Corr
0.66	EPSN	Epsilon Energy	Pair Corr
0.75	BQ	Boqii Holding Limited	Pair Corr
0.78	GGDVF	Guangdong Investment	Pair Corr

Moving against Fast Pink Sheet

0.58	ROST	Ross Stores	Pair Corr
0.38	TJX	TJX Companies	Pair Corr
0.32	DPSTF	Deutsche Post AG	Pair Corr
0.42	911312BY1	UNITED PARCEL SERVICE	Pair Corr
0.33	MTRAF	Metro Inc	Pair Corr

Related Correlations Analysis

	SCVL	GCO	ROST	BURL	AEO	LULU	FL	ANF	URBN
SCVL		-0.3	0.6	0.17	0.59	-0.73	0.63	-0.06	-0.14	SCVL
GCO	-0.3		0.09	0.41	-0.26	0.34	0.17	0.45	0.55	GCO
ROST	0.6	0.09		0.62	0.27	-0.6	0.68	0.1	0.17	ROST
BURL	0.17	0.41	0.62		-0.28	-0.06	0.39	0.12	0.55	BURL
AEO	0.59	-0.26	0.27	-0.28		-0.52	0.33	0.26	-0.19	AEO
LULU	-0.73	0.34	-0.6	-0.06	-0.52		-0.54	0.23	0.43	LULU
FL	0.63	0.17	0.68	0.39	0.33	-0.54		0.05	0.01	FL
ANF	-0.06	0.45	0.1	0.12	0.26	0.23	0.05		0.3	ANF
URBN	-0.14	0.55	0.17	0.55	-0.19	0.43	0.01	0.3		URBN
	SCVL	GCO	ROST	BURL	AEO	LULU	FL	ANF	URBN

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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

FL	+ 0.68	ROST
FL	+ 0.63	SCVL
BURL	+ 0.62	ROST
ROST	+ 0.6	SCVL
AEO	+ 0.59	SCVL
URBN	+ 0.55	GCO

High negative correlations

LULU	- 0.73	SCVL
LULU	- 0.6	ROST
FL	- 0.54	LULU
LULU	- 0.52	AEO
GCO	- 0.3	SCVL
AEO	- 0.28	BURL

Risk-Adjusted Indicators

There is a big difference between Fast Pink Sheet performing well and Fast Retailing 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 Fast Retailing'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
SCVL	2.11	(0.57)	0.00	(0.17)	0.00	0.00	5.16	(5.85)	16.24
GCO	3.04	0.11	0.01	0.43	3.51	(3.50)	8.10	(5.73)	16.22
ROST	1.10	(0.03)	(0.06)	0.05	1.52	(1.04)	2.46	(2.62)	6.21
BURL	1.36	(0.02)	(0.03)	0.08	2.03	(1.25)	2.37	(2.77)	9.11
AEO	1.86	(0.39)	0.00	(0.29)	0.00	0.00	2.98	(4.39)	10.31
LULU	1.73	0.20	0.07	0.46	1.84	(1.75)	3.24	(3.10)	11.09
FL	2.31	(0.52)	0.00	(0.25)	0.00	0.00	4.66	(4.66)	13.15
ANF	2.74	(0.28)	0.00	(0.08)	0.00	0.00	4.82	(5.01)	16.99
URBN	1.84	0.31	0.17	0.47	1.45	(2.29)	3.90	(2.61)	7.06

Be your own money manager

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

Shuichi Nakajima	Group Executive VP	Profile
Daisuke Watanabe	Legal Mang	Profile
Takenari Motoda	Group Executive Officer	Profile
Yukihiro Katsuta	Group Officer	Profile
Yoshihiro Kunii	Group Executive Officer	Profile

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