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S&P 500   1,667   17.00  Index Moved Up 1.03%
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Collecting data for GFNORTEO and ^GSPC ...

Asset Comparison and Correlation

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Investment horizon: 
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 Grupo Financiero Banorte S.A.B  vs   S&P 500
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Daily Returns (%)
GSPC   GFNORTEO   
 
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Timeline
Assuming 30 trading days horizon, Grupo Financiero Banorte SAB de CV is expected to under-perform the SP 500. In addition to that, Grupo is 3.45 times more volatile than S&P 500. It trades about -0.01 of its total potential returns per unit of risk. S&P 500 is currently generating about 0.65 per unit of volatility. If you would invest  155,525  in S&P 500 on April 18, 2013 and sell it today you would earn a total of  11,222  from holding S&P 500 or generate 7.22% return on investment over 30 days.

Diversification

Average diversification
Overlapping area represents amount of risk that can be diversified away by holding Grupo Financiero Banorte S.A.B and S&P 500 in the same portfolio assuming nothing else is changed

Correlation Coefficient

0.17
Parameters
Time Period1 Month [change]
DirectionPositive ^GSPC Moved Up vs GFNORTEO.MX
StrengthInsignificant
Accuracy81.82%
ValuesDaily Returns
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Predicted Return Density
 
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Returns   
GSPC   GFNORTEO   

Grupo Financiero Banorte SAB de CV

Alpha
 
Profile
    
Grupo
Performance
0
Out Of
100
Over 30
Days
?
Over the last 30 days Grupo Financiero Banorte SAB de CV has generated negative risk-adjusted returns adding no value to investors with long positions.
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S&P 500

 
Profile
    
SP 500
Performance
35
Out Of
100
Over 30
Days
?
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