Grupo Aeroportuario Correlations
The correlation of Grupo Aeroportuario 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Grupo Aeroportuario moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Grupo Aeroportuario del moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Good diversification
The correlation between Grupo Aeroportuario del and NYA is -0.19 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Grupo Aeroportuario del and NYA in the same portfolio, assuming nothing else is changed.
Grupo |
The ability to find closely correlated positions to Grupo Aeroportuario could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Grupo Aeroportuario 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 Grupo Aeroportuario - 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 Grupo Aeroportuario del to buy it.
Moving together with Grupo Pink Sheet
Moving against Grupo Pink Sheet
| 0.7 | SLF | Sun Life Financial Earnings Call This Week | PairCorr |
| 0.62 | ARRPY | Aeroports de Paris | PairCorr |
| 0.59 | ANYYY | Aena SME SA | PairCorr |
| 0.58 | AEOXF | Aeroports de Paris | PairCorr |
| 0.45 | TGT | Target Financial Report 15th of May 2024 | PairCorr |
| 0.43 | APTPF | Airports of Thailand Earnings Call Next Week | PairCorr |
| 0.42 | GLUC | Glucose Health Earnings Call This Week | PairCorr |
Related Correlations Analysis
| 0.93 | 0.86 | -0.13 | -0.5 | OMAB | ||
| 0.93 | 0.79 | -0.07 | -0.6 | ASR | ||
| 0.86 | 0.79 | -0.14 | -0.57 | CAAP | ||
| -0.13 | -0.07 | -0.14 | -0.18 | APTPF | ||
| -0.5 | -0.6 | -0.57 | -0.18 | ASLE | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Grupo Pink Sheet performing well and Grupo Aeroportuario 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 Grupo Aeroportuario'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| OMAB | 1.50 | 0.22 | 0.15 | 0.33 | 1.21 | 3.53 | 9.65 | |||
| ASR | 1.34 | 0.17 | 0.10 | 0.24 | 1.42 | 2.29 | 10.80 | |||
| CAAP | 1.52 | 0.09 | 0.03 | 0.34 | 1.99 | 3.39 | 13.64 | |||
| APTPF | 7.47 | 0.86 | 0.04 | (0.18) | 9.28 | 25.00 | 63.76 | |||
| ASLE | 2.62 | (0.29) | 0.00 | (0.21) | 0.00 | 5.47 | 31.45 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Grupo Aeroportuario 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.Did you try this?
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Grupo Aeroportuario Corporate Directors
Grupo Aeroportuario corporate directors refer to members of a Grupo Aeroportuario board of directors. The board of directors generally takes responsibility for the Grupo Aeroportuario's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Grupo Aeroportuario's board members must vote for the resolution. The Grupo Aeroportuario board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Joaquin Thurlow | Independent Director | Profile | |
| Maria Pinacho | Corporate Affairs Director | Profile | |
| Francisco Teigeiro | Director | Profile | |
| Tomas Vargas | Director of Sales | Profile |
Already Invested in Grupo Aeroportuario del?
The danger of trading Grupo Aeroportuario del is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Grupo Aeroportuario is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Grupo Aeroportuario. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Grupo Aeroportuario del is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Grupo Aeroportuario del offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Grupo Aeroportuario's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Grupo Aeroportuario Del Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Grupo Aeroportuario Del Stock: Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Grupo Aeroportuario del. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income. Note that the Grupo Aeroportuario del information on this page should be used as a complementary analysis to other Grupo Aeroportuario's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.
Complementary Tools for Grupo Pink Sheet analysis
When running Grupo Aeroportuario's price analysis, check to measure Grupo Aeroportuario's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Grupo Aeroportuario is operating at the current time. Most of Grupo Aeroportuario's value examination focuses on studying past and present price action to predict the probability of Grupo Aeroportuario's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Grupo Aeroportuario's price. Additionally, you may evaluate how the addition of Grupo Aeroportuario to your portfolios can decrease your overall portfolio volatility.
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