Grupo Financiero Correlations
| BSMXDelisted Stock | USD 5.46 0.00 0.00% |
The correlation of Grupo Financiero 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 Grupo Financiero moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Grupo Financiero Santander 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 Grupo Financiero Santander and NYA is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Grupo Financiero Santander and NYA in the same portfolio, assuming nothing else is changed.
Grupo |
The ability to find closely correlated positions to Grupo Financiero 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 Financiero 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 Financiero - 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 Financiero Santander to buy it.
Moving together with Grupo Stock
| 0.89 | VFS | VinFast Auto Financial Report 20th of May 2024 | PairCorr |
| 0.83 | TLK | Telkom Indonesia Tbk Earnings Call This Week | PairCorr |
| 0.75 | BA | Boeing Financial Report 24th of July 2024 | PairCorr |
| 0.79 | HD | Home Depot Financial Report 21st of May 2024 | PairCorr |
| 0.84 | JNJ | Johnson Johnson Financial Report 18th of July 2024 | PairCorr |
| 0.63 | IBM | International Business Financial Report 17th of July 2024 | PairCorr |
| 0.92 | INTC | Intel Financial Report 25th of July 2024 | PairCorr |
Moving against Grupo Stock
| 0.7 | GE | GE Aerospace Earnings Call This Week | PairCorr |
| 0.68 | AA | Alcoa Corp Financial Report 17th of July 2024 | PairCorr |
| 0.63 | CVX | Chevron Corp Financial Report 26th of July 2024 | PairCorr |
| 0.54 | AXP | American Express Earnings Call This Week | PairCorr |
| 0.52 | EC | Ecopetrol SA ADR Earnings Call This Week | PairCorr |
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
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Risk-Adjusted Indicators
There is a big difference between Grupo Stock performing well and Grupo Financiero 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 Grupo Financiero'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BCH | 1.19 | 0.12 | 0.05 | 1.35 | 1.46 | 2.66 | 8.30 | |||
| BSBR | 1.42 | (0.09) | 0.00 | 0.37 | 0.00 | 2.68 | 8.31 | |||
| CFB | 1.60 | (0.39) | 0.00 | (0.18) | 0.00 | 3.18 | 10.89 | |||
| BBDO | 1.70 | (0.17) | 0.00 | 0.36 | 0.00 | 3.09 | 18.27 | |||
| CFBK | 0.67 | (0.27) | 0.00 | (0.59) | 0.00 | 1.40 | 4.85 | |||
| BSAC | 1.29 | 0.05 | 0.00 | 0.78 | 1.52 | 3.04 | 8.81 | |||
| ITUB | 1.32 | (0.06) | 0.00 | (0.05) | 0.00 | 2.46 | 10.78 | |||
| KEY-PI | 1.16 | 0.01 | (0.03) | 0.02 | 1.66 | 1.95 | 7.48 | |||
| CIB | 1.20 | 0.14 | 0.08 | 0.46 | 1.20 | 2.65 | 7.19 | |||
| BAP | 1.05 | 0.17 | 0.10 | 0.62 | 1.18 | 2.77 | 7.39 |
View Grupo Financiero Related Equities
| Risk & Return | Correlation |
Grupo Financiero Corporate Directors
Grupo Financiero corporate directors refer to members of a Grupo Financiero board of directors. The board of directors generally takes responsibility for the Grupo Financiero'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 Financiero's board members must vote for the resolution. The Grupo Financiero board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Vittorio Lioi | Independent Director | Profile | |
| Fernando Sahagun | Independent Director | Profile | |
| Fernando Mujica | Deputy General Legal and Compliance Director, Secretary of the Board of Directors | Profile | |
| Fernando Morales | Director | Profile |
Still Interested in Grupo Financiero Santander?
Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.
Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population. You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
Other Consideration for investing in Grupo Stock
If you are still planning to invest in Grupo Financiero San check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Grupo Financiero's history and understand the potential risks before investing.
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