Grupo Cementos Correlations
| GCWOF Stock | USD 12.00 0.00 0.00% |
The correlation of Grupo Cementos 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 Cementos moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Grupo Cementos de 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.
Significant diversification
The correlation between Grupo Cementos de and NYA is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Grupo Cementos de and NYA in the same portfolio, assuming nothing else is changed.
Grupo |
The ability to find closely correlated positions to Grupo Cementos 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 Cementos 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 Cementos - 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 Cementos de to buy it.
Moving together with Grupo Pink Sheet
| 0.65 | GOOG | Alphabet Class C Aggressive Push | PairCorr |
| 0.87 | FSTF | First State Financial | PairCorr |
| 0.62 | CAT | Caterpillar Earnings Call This Week | PairCorr |
| 0.74 | GE | GE Aerospace Buyout Trend | PairCorr |
| 0.82 | AA | Alcoa Corp Financial Report 17th of July 2024 | PairCorr |
Moving against Grupo Pink Sheet
| 0.85 | JNJ | Johnson Johnson Aggressive Push | PairCorr |
| 0.84 | INTC | Intel Earnings Call This Week | PairCorr |
| 0.82 | MCD | McDonalds Earnings Call This Week | PairCorr |
| 0.75 | BA | Boeing Earnings Call Tomorrow | PairCorr |
| 0.7 | PFE | Pfizer Inc Earnings Call Next Week | PairCorr |
| 0.59 | HD | Home Depot Financial Report 21st of May 2024 | PairCorr |
| 0.53 | AAPL | Apple Inc Report 2nd of May 2024 | 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 Pink Sheet performing well and Grupo Cementos 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 Cementos' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| LILMW | 6.46 | (0.02) | 0.00 | 0.10 | 0.00 | 19.57 | 42.80 | |||
| BLDEW | 14.06 | 3.80 | 0.17 | (0.42) | 13.46 | 34.62 | 198.18 | |||
| 444859BR2 | 0.78 | 0.11 | 0.04 | 0.60 | 1.03 | 1.12 | 10.31 | |||
| AQUI | 1.32 | 0.62 | 0.00 | 0.99 | 0.00 | 0.00 | 25.00 | |||
| BRRAY | 0.63 | (0.17) | 0.00 | 0.32 | 0.00 | 0.00 | 18.45 | |||
| MSTSX | 0.45 | 0.05 | (0.04) | 8.45 | 0.61 | 0.98 | 3.20 | |||
| LBHIX | 0.18 | (0.03) | (0.25) | (0.04) | 0.22 | 0.48 | 1.21 | |||
| ABHYX | 0.16 | 0.00 | (0.20) | 0.07 | 0.19 | 0.45 | 1.61 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Grupo Cementos 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?
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Risk-Return AnalysisView associations between returns expected from investment and the risk you assume |
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Grupo Cementos Corporate Directors
Grupo Cementos corporate directors refer to members of a Grupo Cementos board of directors. The board of directors generally takes responsibility for the Grupo Cementos' 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 Cementos' board members must vote for the resolution. The Grupo Cementos board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Fernando Sahagun | Independent Director | Profile | |
| Federico Torres | Director | Profile | |
| Victor Munoz | Director | Profile | |
| Luis Villalobos | Director | Profile |
Already Invested in Grupo Cementos de?
The danger of trading Grupo Cementos de 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 Cementos 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 Cementos. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Grupo Cementos de 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Grupo Cementos de. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons. You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.
Complementary Tools for Grupo Pink Sheet analysis
When running Grupo Cementos' price analysis, check to measure Grupo Cementos' 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 Cementos is operating at the current time. Most of Grupo Cementos' value examination focuses on studying past and present price action to predict the probability of Grupo Cementos' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Grupo Cementos' price. Additionally, you may evaluate how the addition of Grupo Cementos to your portfolios can decrease your overall portfolio volatility.
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