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

1. Fast Retailing Co., Ltd. (9983.T) · Consumer Cyclical · univ 0% · sec 3% · -16.7% · conf 90

What changed

1. Fast Retailing Co., Ltd. (9983.T) · Consumer Cyclical · univ 0% · sec 3% · -16.7% · conf 90 ↓ earnings yield vs bonds (-0.0746) ↓ 12mo momentum (-0.0181) ↓ downside risk (-0.0132) 2. Takeda Pharmaceutical Company Limited (4502.T) · Healthcare · univ 1% · sec 8% · -16.4% · conf 87 ↓ earnings yield vs bonds (-0.1034) ↓ downside risk (-0.0244) ↓ 12mo momentum (-0.0162) 3. Aeon Co., Ltd. (8267.T) · Consumer Cyclical · univ 1% · sec 6% · -15.0% · conf 88 ↓ earnings yield vs bonds (-0.0818) ↑ 12mo momentum (+0.0235) ↓ 6mo alpha vs SPY (-0.0204) 4. Teijin Limited (3401.T) · Industrials · univ 2% · sec 2% · -14.3% · conf 91 ↓ earnings yield vs bonds (-0.1034) ↓ downside risk (-0.0266) ↓ vol instability (-0.0117) 5. Sompo Holdings, Inc. (8630.T) · Financial Services · univ 2% · sec 5% · -13.6% · conf 89 ↓ earnings yield vs bonds (-0.0749) ↓ downside risk (-0.0196) ↓ 6mo alpha vs SPY (-0.0130) 6. Mitsubishi Heavy Industries, Ltd. (7011.T) · Industrials · univ 3

Why it matters

1. Fast Retailing Co., Ltd. (9983.T) · Consumer Cyclical · univ 0% · sec 3% · -16.7% · conf 90 ↓ earnings yield vs bonds (-0.0746) ↓ 12mo momentum (-0.0181) ↓ downside risk (-0.0132)