Top 10 sector concentration: Consumer Cyclical (2), Basic Materials (2), Industrials (1)

1. Fast Retailing Co., Ltd. (9983.T) · Consumer Cyclical · univ 0% · sec 3% · -16.5% · conf 90

What changed

1. Fast Retailing Co., Ltd. (9983.T) · Consumer Cyclical · univ 0% · sec 3% · -16.5% · conf 90 ↓ earnings yield vs bonds (-0.0746) ↓ 12mo momentum (-0.0166) ↓ downside risk (-0.0132) 2. Aeon Co., Ltd. (8267.T) · Consumer Cyclical · univ 1% · sec 6% · -16.4% · conf 88 ↓ earnings yield vs bonds (-0.0890) ↑ 12mo momentum (+0.0235) ↓ 6mo alpha vs SPY (-0.0204) 3. Takeda Pharmaceutical Company Limited (4502.T) · Healthcare · univ 1% · sec 8% · -15.5% · conf 87 ↓ earnings yield vs bonds (-0.1034) ↓ downside risk (-0.0244) ↓ 12mo momentum (-0.0162) 4. Nissan Motor Co., Ltd. (7201.T) · Consumer Cyclical · univ 2% · sec 9% · -14.2% · conf 86 ↓ earnings yield vs bonds (-0.1034) ↓ 6mo alpha vs SPY (-0.0191) ↑ downside risk (+0.0177) 5. Sompo Holdings, Inc. (8630.T) · Financial Services · univ 2% · sec 5% · -14.1% · conf 89 ↓ earnings yield vs bonds (-0.0844) ↓ downside risk (-0.0196) ↓ 6mo alpha vs SPY (-0.0130) 6. Mitsubishi Heavy Industries, Ltd. (7011.T) · Indus

Why it matters

1. Fast Retailing Co., Ltd. (9983.T) · Consumer Cyclical · univ 0% · sec 3% · -16.5% · conf 90 ↓ earnings yield vs bonds (-0.0746) ↓ 12mo momentum (-0.0166) ↓ downside risk (-0.0132)