Asset Comparison and Correlation
|Grupo Financiero Banorte S.A.B vs S&P 500|
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.
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.
Match ups for Grupo
Match ups for SP 500