Fair Isaac Correlations

Stocks . Germany . 
Stock . Fair Isaac
FRI Stock  EUR 2,022  38.50  1.94%   
The current 90-days correlation between Fair Isaac and Wisetech Global is 0.11 (i.e., Average diversification). The correlation of Fair Isaac 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.

Fair Isaac Correlation With Market

Weak diversification

The correlation between Fair Isaac and DJI is 0.33 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fair Isaac and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Fair Isaac could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Fair Isaac 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 Fair Isaac - 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 Fair Isaac to buy it.

Moving together with Fair Stock

  0.94ORC OraclePairCorr
  0.72WGSA SSC Technologies HoldingsPairCorr
  0.660OK Okta IncPairCorr
  0.81FFV F5 NetworksPairCorr
  0.910XE XeroPairCorr
  0.910NU NutanixPairCorr
  0.766GAA Grupo Aval AccionesPairCorr
  0.766GAA Grupo Aval AccionesPairCorr
  0.9MFZA Mitsubishi UFJ FinancialPairCorr
  0.81NY70 MOLSON RS BEVERAGEPairCorr
  0.88QAN Qantas AirwaysPairCorr
  0.77BZZ Bank of MontrealPairCorr
  0.92ADH2 Air CanadaPairCorr
  0.71108 Sumitomo Rubber InduPairCorr
  0.93TM5 T MobilePairCorr
  0.94EMR EMERSON ELECTRICPairCorr
  0.68H0O REVO INSURANCE SPAPairCorr
  0.62CSA Accenture plcPairCorr
  0.69HDFA HDFC Bank LimitedPairCorr
  0.93BRYN Berkshire HathawayPairCorr
  0.88BBEA Boston BeerPairCorr

Moving against Fair Stock

  0.71HYU Hyundai MotorPairCorr
  0.68HYU Hyundai MotorPairCorr
  0.67HYU Hyundai MotorPairCorr
  0.42ECHA Ecopetrol SAPairCorr
  0.39ECHA Ecopetrol SAPairCorr
  0.5CN6 BII Railway TransporPairCorr
  0.35TSI Tsingtao BreweryPairCorr
  0.58DFXN SIERRA METALSPairCorr

Related Correlations Analysis

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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   
0XE
+ 0.91
FRI
0NU
+ 0.91
FRI
FFV
+ 0.86
0OK
0XE
+ 0.85
FFV
FFV
+ 0.81
FRI
0NU
+ 0.78
0XE
  
High negative correlations   
AOS
- 0.38
17W
FFV
- 0.1
17W
0OK
- 0.08
17W

Risk-Adjusted Indicators

There is a big difference between Fair Stock performing well and Fair Isaac 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 Fair Isaac'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.

Be your own money manager

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

Elected by the shareholders, the Fair Isaac's board of directors comprises two types of representatives: Fair Isaac inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Fair. The board's role is to monitor Fair Isaac's management team and ensure that shareholders' interests are well served. Fair Isaac's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Fair Isaac's outside directors are responsible for providing unbiased perspectives on the board's policies.
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