Cresud SACIF Correlations

CRESY Stock

USD 10.86 0.11 1.00%

The current 90-days correlation between Cresud SACIF y and Matthews International is 0.21 (i.e., Modest diversification). The correlation of Cresud SACIF 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Cresud SACIF Correlation With Market

Modest diversification

The correlation between Cresud SACIF y and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cresud SACIF y and DJI in the same portfolio, assuming nothing else is changed.

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cresud SACIF y. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

Moving against Cresud Stock

0.78	HPP	Hudson Pacific Properties	Pair Corr
0.72	CIO	City Office	Pair Corr
0.63	CUZ	Cousins Properties	Pair Corr
0.6	Z	Zillow Group Class	Pair Corr
0.6	INN	Summit Hotel Properties	Pair Corr
0.59	KRC	Kilroy Realty Corp	Pair Corr
0.56	DEI	Douglas Emmett	Pair Corr
0.51	HIW	Highwoods Properties Earnings Call This Week	Pair Corr
0.49	BXP	Boston Properties Sell-off Trend	Pair Corr
0.44	BDN	Brandywine Realty Trust Earnings Call This Week	Pair Corr
0.35	LXP	LXP Industrial Trust	Pair Corr
0.33	ARE	Alexandria Real Estate Earnings Call This Week	Pair Corr
0.57	DX	Dynex Capital Earnings Call This Week	Pair Corr
0.56	O	Realty Income	Pair Corr
0.56	KW	Kennedy Wilson Holdings	Pair Corr
0.53	SLG	SL Green Realty	Pair Corr
0.5	HR	Healthcare Realty Trust Sell-off Trend	Pair Corr
0.46	TRC	Tejon Ranch Potential Growth	Pair Corr
0.39	CMCT	Creative Media Community	Pair Corr
0.37	PDM	Piedmont Office Realty	Pair Corr
0.7	VNO-PO	Vornado Realty Trust	Pair Corr
0.65	VNO-PN	Vornado Realty Trust	Pair Corr
0.59	UE	Urban Edge Properties	Pair Corr
0.59	AHT-PH	Ashford Hospitality Trust	Pair Corr
0.58	AHT-PD	Ashford Hospitality Trust	Pair Corr
0.58	AHT-PG	Ashford Hospitality Trust	Pair Corr

Related Correlations Analysis

	GFF	MATW	VMI	SPLP	BBU	CODI-PA	TRC	CODI
GFF		0.77	0.68	-0.67	0.56	-0.14	0.67	-0.45	GFF
MATW	0.77		0.81	-0.78	0.75	-0.26	0.53	-0.65	MATW
VMI	0.68	0.81		-0.58	0.94	-0.55	0.34	-0.85	VMI
SPLP	-0.67	-0.78	-0.58		-0.5	0.05	-0.6	0.42	SPLP
BBU	0.56	0.75	0.94	-0.5		-0.69	0.18	-0.91	BBU
CODI-PA	-0.14	-0.26	-0.55	0.05	-0.69		0.31	0.83	CODI-PA
TRC	0.67	0.53	0.34	-0.6	0.18	0.31		-0.05	TRC
CODI	-0.45	-0.65	-0.85	0.42	-0.91	0.83	-0.05		CODI
	GFF	MATW	VMI	SPLP	BBU	CODI-PA	TRC	CODI

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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

BBU	+ 0.94	VMI
CODI	+ 0.83	CODI-PA
VMI	+ 0.81	MATW
MATW	+ 0.77	GFF
BBU	+ 0.75	MATW
VMI	+ 0.68	GFF

High negative correlations

CODI	- 0.91	BBU
CODI	- 0.85	VMI
SPLP	- 0.78	MATW
CODI-PA	- 0.69	BBU
SPLP	- 0.67	GFF
CODI	- 0.65	MATW

Risk-Adjusted Indicators

There is a big difference between Cresud Stock performing well and Cresud SACIF 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 Cresud SACIF'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
GFF	1.53	0.20	0.01	(0.47)	1.86	(1.61)	3.12	(3.31)	10.17
MATW	2.06	0.11	0.06	0.21	2.30	(2.13)	4.15	(4.39)	13.60
VMI	1.17	0.10	0.12	0.22	0.80	(1.53)	3.10	(1.46)	6.21
SPLP	1.99	(0.12)	0.00	(0.23)	0.00	0.00	5.70	(4.47)	22.69
BBU	1.60	0.21	0.12	0.30	1.60	(1.90)	4.06	(2.48)	12.53
CODI-PA	2.67	(0.11)	0.00	(0.24)	0.00	0.00	6.39	(6.48)	32.44
TRC	1.07	0.24	0.04	(0.72)	1.45	(1.11)	2.59	(1.99)	9.45
CODI	3.55	(1.05)	0.00	(1.01)	0.00	0.00	4.59	(7.41)	65.92

Cresud SACIF Corporate Management

Mariana Elsztain	Secretary	Profile
Eran Saar	Chief DIC	Profile
Gil CPA	Chief Israel	Profile
Diego Biaus	Operations Manager	Profile
Gil Kotler	Chief Israel	Profile

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