Aguas Andinas Correlations
| AGUAS-A Stock | CLP 266.10 2.21 0.82% |
The correlation of Aguas Andinas 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 Aguas Andinas moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aguas Andinas SA 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.
Average diversification
The correlation between Aguas Andinas SA and NYA is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aguas Andinas SA and NYA in the same portfolio, assuming nothing else is changed.
Aguas |
The ability to find closely correlated positions to Aguas Andinas could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Aguas Andinas 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 Aguas Andinas - 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 Aguas Andinas SA to buy it.
Moving against Aguas Stock
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
|
Risk-Adjusted Indicators
There is a big difference between Aguas Stock performing well and Aguas Andinas 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 Aguas Andinas' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AAISA | 0.50 | (0.07) | 0.00 | (0.16) | 0.00 | 1.20 | 5.44 | |||
| ENLASA | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ANDINAA | 0.63 | 0.18 | 0.05 | (0.33) | 0.52 | 2.27 | 7.33 | |||
| LASCONDES | 1.34 | 0.11 | 0.00 | (0.31) | 1.47 | 3.19 | 10.52 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Aguas Andinas 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?
Run Portfolio Comparator Now
Portfolio ComparatorCompare the composition, asset allocations and performance of any two portfolios in your account |
| All Next | Launch Module |
Aguas Andinas Corporate Management
Elected by the shareholders, the Aguas Andinas' board of directors comprises two types of representatives: Aguas Andinas inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Aguas. The board's role is to monitor Aguas Andinas' management team and ensure that shareholders' interests are well served. Aguas Andinas' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Aguas Andinas' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Reyes ndres | Accounting Mang | Profile | |
| Sandra Diez | People Organization | Profile | |
| Didac Martinez | Director CFO | Profile | |
| Camilo Snchez | Director Sec | Profile | |
| Daniel Andres | Director Economy | Profile | |
| Hernndez David | Ma Innovation | Profile | |
| Lionel Miranda | GM A | Profile |
Already Invested in Aguas Andinas SA?
The danger of trading Aguas Andinas SA 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 Aguas Andinas 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 Aguas Andinas. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Aguas Andinas SA 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.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Aguas Andinas SA. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
Complementary Tools for Aguas Stock analysis
When running Aguas Andinas' price analysis, check to measure Aguas Andinas' 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 Aguas Andinas is operating at the current time. Most of Aguas Andinas' value examination focuses on studying past and present price action to predict the probability of Aguas Andinas' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Aguas Andinas' price. Additionally, you may evaluate how the addition of Aguas Andinas to your portfolios can decrease your overall portfolio volatility.
| Investing Opportunities Build portfolios using our predefined set of ideas and optimize them against your investing preferences | |
| Portfolio Dashboard Portfolio dashboard that provides centralized access to all your investments | |
| Portfolio Optimization Compute new portfolio that will generate highest expected return given your specified tolerance for risk | |
| Price Exposure Probability Analyze equity upside and downside potential for a given time horizon across multiple markets | |
| Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk | |
| ETFs Find actively traded Exchange Traded Funds (ETF) from around the world | |
| Economic Indicators Top statistical indicators that provide insights into how an economy is performing | |
| Price Transformation Use Price Transformation models to analyze the depth of different equity instruments across global markets | |
| Bollinger Bands Use Bollinger Bands indicator to analyze target price for a given investing horizon |