Salfacorp Correlations

SALFACORP  CLP 529.98  0.24  0.05%   
The current 90-days correlation between Salfacorp and Administradora Americana de is 0.24 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Salfacorp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Salfacorp moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Salfacorp Correlation With Market

Significant diversification

The correlation between Salfacorp and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Salfacorp and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Salfacorp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Salfacorp 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 Salfacorp - 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 Salfacorp to buy it.

Moving together with Salfacorp Stock

  0.71AAISA Administradora AmericanaPairCorr
  0.63LASCONDES Las CondesPairCorr

Moving against Salfacorp Stock

  0.74AFPCAPITAL AFP Capital SAPairCorr

Related Correlations Analysis

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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   
MULTIXAAISA
VAPORESAAISA
PLANVITALAAISA
VAPORESMULTIX
PLANVITALMULTIX
VAPORESPLANVITAL
  
High negative correlations   
AFPCAPITALMULTIX
AFPCAPITALVAPORES
AFPCAPITALAAISA
AFPCAPITALPLANVITAL
AFPCAPITALLASCONDES
SMSAAMAAISA

Risk-Adjusted Indicators

There is a big difference between Salfacorp Stock performing well and Salfacorp 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 Salfacorp'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
AAISA  0.64 (0.21) 0.00 (6.88) 0.00 
 1.00 
 4.72 
ENLASA  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
ANDINAA  0.65  0.03  0.00  0.04  0.00 
 2.52 
 6.16 
MULTIX  0.77 (0.22) 0.00  2.26  0.00 
 1.68 
 5.69 
SMSAAM  0.66  0.08 (0.03)(0.46) 0.79 
 1.81 
 6.09 
PLANVITAL  0.41 (0.22) 0.00  1.33  0.00 
 0.00 
 6.06 
LASCONDES  1.21 (0.09) 0.00 (0.14) 0.00 
 3.42 
 16.05 
VAPORES  1.99 (0.20) 0.00 (2.42) 0.00 
 3.33 
 14.02 
AFPCAPITAL  0.50  0.28  0.00 (1.05) 0.00 
 1.80 
 6.70 

Be your own money manager

Our tools can tell you how much better you can do entering a position in Salfacorp 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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Salfacorp Corporate Management

Elected by the shareholders, the Salfacorp's board of directors comprises two types of representatives: Salfacorp inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Salfacorp. The board's role is to monitor Salfacorp's management team and ensure that shareholders' interests are well served. Salfacorp's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Salfacorp's outside directors are responsible for providing unbiased perspectives on the board's policies.