Furukawa Electric Correlations
| FUWAF Stock | USD 48.30 0.00 0.00% |
The current 90-days correlation between Furukawa Electric and Energizer Holdings is 0.05 (i.e., Significant diversification). The correlation of Furukawa Electric 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.
Furukawa Electric Correlation With Market
Average diversification
The correlation between Furukawa Electric Co and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Furukawa Electric Co and DJI in the same portfolio, assuming nothing else is changed.
Furukawa |
The ability to find closely correlated positions to Furukawa Electric could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Furukawa Electric 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 Furukawa Electric - 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 Furukawa Electric Co to buy it.
Moving together with Furukawa Pink Sheet
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| 0.68 | CSCO | Cisco Systems | PairCorr |
| 0.83 | KO | Coca Cola Aggressive Push | PairCorr |
| 0.61 | IBM | International Business | PairCorr |
Moving against Furukawa Pink Sheet
| 0.59 | MIELY | Mitsubishi Electric Corp | PairCorr |
| 0.59 | MIELF | Mitsubishi Electric | PairCorr |
| 0.49 | VRT | Vertiv Holdings | PairCorr |
| 0.48 | PPERF | Bank Mandiri Persero | PairCorr |
| 0.48 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.46 | PBCRF | PT Bank Central | PairCorr |
| 0.44 | PBCRY | Bank Central Asia | PairCorr |
| 0.42 | BKRKY | Bank Rakyat | PairCorr |
| 0.68 | MRK | Merck Company Aggressive Push | PairCorr |
| 0.4 | MSFT | Microsoft | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
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Risk-Adjusted Indicators
There is a big difference between Furukawa Pink Sheet performing well and Furukawa Electric 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 Furukawa Electric'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FREY | 4.79 | (0.19) | 0.00 | (0.10) | 0.00 | 15.00 | 30.23 | |||
| NVT | 1.67 | (0.24) | 0.00 | (0.32) | 0.00 | 3.32 | 20.48 | |||
| HUBB | 1.30 | (0.24) | 0.00 | (0.33) | 0.00 | 2.45 | 11.92 | |||
| AEIS | 1.81 | 0.21 | 0.08 | (0.64) | 2.41 | 3.80 | 14.93 | |||
| VRT | 3.33 | (0.20) | 0.00 | (0.50) | 0.00 | 6.23 | 44.45 | |||
| ENR | 1.10 | (0.12) | 0.00 | (0.22) | 0.00 | 1.73 | 12.36 | |||
| NEOV | 4.47 | (0.61) | 0.00 | (0.96) | 0.00 | 6.77 | 29.85 | |||
| HAYW | 1.17 | (0.15) | 0.00 | 0.55 | 0.00 | 2.33 | 8.16 | |||
| ESP | 1.84 | (0.16) | 0.00 | (0.45) | 0.00 | 3.76 | 10.44 | |||
| NVX | 3.85 | (0.39) | 0.00 | (1.34) | 0.00 | 6.37 | 65.77 |
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Furukawa Electric Corporate Management
| Ryoji Ono | Corp Division | Profile | |
| Keiichi Kobayashi | Managing Execu Officer, Mgr of Copper Strip & Highly-functional Materials Biz, Mgr of Copper Strip Reconstruction Project in Copper Strip & Highly-functional Materials Biz Division | Profile | |
| Mami Masuda | Fin, Dept | Profile | |
| Shigenobu Abe | Executive Officer, Assistant Manager of Automotive Products Business | Profile | |
| Satoshi Miyamoto | GM VP | Profile | |
| Hideya Moridaira | GM VP | Profile |