Financiera Independencia Related Correlations

FINDEP Stock

MXN 10.30 0.00 0.00%

Generate correlation matrix for Financiera Independencia and other related equities to check the degree to which Financiera Independencia SAB price movement is correlated to its related entities. Use comma (,) to separate each symbol. If not specified, the peers will be provided automatically based on Macroaxis sector classification standards for Financiera Independencia SAB. To filter out specific equities, please toggle its corresponding legend item. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Financiera Independencia SAB. 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.

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Please note, there is a significant difference between Financiera Independencia's value and its price as these two are different measures arrived at by different means. Investors typically determine if Financiera Independencia is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Financiera Independencia's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Correlations

	LYGN	AAPL	MSFT	GOOG	AMZN	BRKB	UNH	TSLA	JPM	JNJ
LYGN		-0.17	-0.04	0.5	-0.21	-0.48	-0.34	-0.37	0.09	-0.3	LYGN
AAPL	-0.17		-0.09	-0.02	-0.77	-0.49	0.78	0.83	-0.86	0.7	AAPL
MSFT	-0.04	-0.09		0.22	0.43	0.32	-0.1	-0.16	0.28	-0.19	MSFT
GOOG	0.5	-0.02	0.22		0.08	-0.17	-0.1	-0.36	-0.04	-0.58	GOOG
AMZN	-0.21	-0.77	0.43	0.08		0.68	-0.59	-0.66	0.69	-0.7	AMZN
BRKB	-0.48	-0.49	0.32	-0.17	0.68		-0.1	-0.34	0.66	-0.23	BRKB
UNH	-0.34	0.78	-0.1	-0.1	-0.59	-0.1		0.64	-0.61	0.68	UNH
TSLA	-0.37	0.83	-0.16	-0.36	-0.66	-0.34	0.64		-0.65	0.78	TSLA
JPM	0.09	-0.86	0.28	-0.04	0.69	0.66	-0.61	-0.65		-0.47	JPM
JNJ	-0.3	0.7	-0.19	-0.58	-0.7	-0.23	0.68	0.78	-0.47		JNJ
	LYGN	AAPL	MSFT	GOOG	AMZN	BRKB	UNH	TSLA	JPM	JNJ

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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

TSLA	+ 0.83	AAPL
UNH	+ 0.78	AAPL
JNJ	+ 0.78	TSLA
JNJ	+ 0.7	AAPL
JPM	+ 0.69	AMZN
BRKB	+ 0.68	AMZN

High negative correlations

JPM	- 0.86	AAPL
AMZN	- 0.77	AAPL
JNJ	- 0.7	AMZN
TSLA	- 0.66	AMZN
JPM	- 0.65	TSLA
JPM	- 0.61	UNH

Risk-Adjusted Indicators

There is a big difference between Financiera Stock performing well and Financiera Independencia 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 Financiera Independencia'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
LYGN	0.59	(0.02)	0.00	(0.15)	0.00	0.00	0.00	0.00	19.13
AAPL	0.99	(0.17)	0.00	1.41	0.00	0.00	1.85	(2.25)	7.01
MSFT	0.97	0.06	(0.03)	(0.25)	1.04	(1.21)	2.32	(1.79)	6.23
GOOG	1.28	0.14	0.03	0.99	1.94	(1.24)	2.70	(2.32)	8.68
AMZN	1.13	0.22	0.10	(2.03)	1.04	(1.24)	2.10	(2.03)	10.85
BRKB	0.81	0.14	0.08	0.62	0.81	(0.90)	2.06	(1.26)	4.81
UNH	1.32	(0.07)	0.00	8.52	0.00	0.00	2.62	(2.14)	9.29
TSLA	2.45	(0.35)	0.00	2.54	0.00	0.00	4.34	(5.05)	12.97
JPM	0.88	0.14	0.08	0.28	1.15	(0.93)	1.83	(1.42)	7.60
JNJ	0.67	(0.11)	0.00	0.51	0.00	0.00	1.28	(1.64)	4.37

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Financiera Independencia Related Correlations

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