Grupo Aval Correlations

AVAL Stock  USD 2.48  0.00  0.00%   
The correlation of Grupo Aval is a statistical measure of how it moves in relation to other equities. 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 Aval moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Grupo Aval 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.
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The ability to find closely correlated positions to Grupo Aval 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 Aval 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 Aval - 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 Aval to buy it.

Moving together with Grupo Aval

+0.65WTWisdomTree Earnings Call This WeekPairCorr
+0.64MCOMoodys Earnings Call TomorrowPairCorr
+0.85CIBBancolombia SA ADRPairCorr
+0.78SHGShinhan FinancialPairCorr

Moving against Grupo Aval

-0.62STELStellar Bancorp Symbol ChangePairCorr
-0.59CHCOCity HoldingPairCorr

Related Correlations

IMBBY
SNA
HSQVY
VPOR
SMORF
VGR
ASCCF
HUSQF
IMBBY
0.620.660.00.00.550.30.53
IMBBY
SNA
0.620.330.00.00.630.160.29
SNA
HSQVY
0.660.330.00.00.730.790.94
HSQVY
VPOR
0.00.00.01.00.00.00.0
VPOR
SMORF
0.00.00.01.00.00.00.0
SMORF
VGR
0.550.630.730.00.00.810.75
VGR
ASCCF
0.30.160.790.00.00.810.87
ASCCF
HUSQF
0.530.290.940.00.00.750.87
HUSQF
IMBBY
SNA
HSQVY
VPOR
SMORF
VGR
ASCCF
HUSQF
Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Correlation Matchups

The Correlation Coefficient is a useful tool to identify correlated or non-correlated securities, which is essential in developing a diversified portfolio. It tells us the relationship between two positions you have in your portfolio or considering acquiring. Over a given time period, the two securities movetogether 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   
SMORFVPOR
HUSQFHSQVY
HUSQFASCCF
ASCCFVGR
ASCCFHSQVY
HUSQFVGR
  
High negative correlations   
HUSQFSMORF
ASCCFSMORF
VGRSMORF
HUSQFVPOR
ASCCFVPOR
VGRVPOR

Risk-Adjusted Indicators

Nowadays, there is a big difference between Grupo Stock performing well and Grupo Aval company doing well compared to the competition. There are way too many exceptions to the normal that investors can tell for sure what's good or bad unless they analyze Grupo Aval's multiple risk-adjusted performance indicators. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Grupo Aval 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.

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Grupo Aval Corporate Directors

Grupo Aval corporate directors refer to members of a Grupo Aval board of directors. The board of directors generally takes responsibility for the Grupo Aval'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 Aval's board members must vote for the resolution. The Grupo Aval board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Luis Acuna - Independent DirectorProfile
Esther Montoya - Independent DirectorProfile
Julio Alvarez - Independent DirectorProfile
Alejandro Jaramillo - Pres DirectorProfile

Invested in Grupo Aval?

The danger of trading Grupo Aval 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 Aval 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 Aval. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Grupo Aval 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.
Please continue to Trending Equities. Note that the Grupo Aval information on this page should be used as a complementary analysis to other Grupo Aval'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 Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.

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When running Grupo Aval price analysis, check to measure Grupo Aval'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 Aval is operating at the current time. Most of Grupo Aval's value examination focuses on studying past and present price action to predict the probability of Grupo Aval's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Grupo Aval's price. Additionally, you may evaluate how the addition of Grupo Aval to your portfolios can decrease your overall portfolio volatility.
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Is Grupo Aval's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Grupo Aval. If investors know Grupo will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Grupo Aval listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.51) 
Market Capitalization
B
Quarterly Revenue Growth
(0.032) 
Return On Assets
0.0194
Return On Equity
0.1775
The market value of Grupo Aval is measured differently than its book value, which is the value of Grupo that is recorded on the company's balance sheet. Investors also form their own opinion of Grupo Aval's value that differs from its market value or its book value, called intrinsic value, which is Grupo Aval's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Grupo Aval's market value can be influenced by many factors that don't directly affect Grupo Aval's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Grupo Aval's value and its price as these two are different measures arrived at by different means. Investors typically determine Grupo Aval value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Grupo Aval'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.