Fomento Economico Correlations

FMX Stock

USD 93.01 0.88 0.96%

The current 90-days correlation between Fomento Economico and Ambev SA ADR is 0.32 (i.e., Weak diversification). The correlation of Fomento Economico 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.

Fomento Economico Correlation With Market

Modest diversification

The correlation between Fomento Economico Mexicano and DJI is 0.28 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fomento Economico Mexicano and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Fomento Stock

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fomento Economico Mexicano. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry.

Moving together with Fomento Stock

0.72

COCO

Vita Coco

Pair Corr

Moving against Fomento Stock

0.75	SHOTW	Safety Shot Symbol Change	Pair Corr
0.72	605198	Yantai North Andre	Pair Corr
0.63	VBL	Varun Beverages	Pair Corr
0.58	000019	Shenzhen Shenbao Ind	Pair Corr
0.5	PEP	PepsiCo	Pair Corr
0.41	KO	Coca Cola Earnings Call This Week	Pair Corr
0.34	KDP	Keurig Dr Pepper Aggressive Push	Pair Corr
0.69	NRDXF	Nordex SE	Pair Corr
0.4	AKO-B	Embotelladora Andina	Pair Corr
0.39	CELH	Celsius Holdings	Pair Corr
0.36	COLA	Coca Cola Earnings Call This Week	Pair Corr

Related Correlations Analysis

	ABEV	SAM	KNBWY	CABGY	TAP	CCU	BUD	HEINY	STBFY	BUDFF
ABEV		-0.54	-0.31	0.63	0.08	0.11	0.57	0.61	-0.06	0.56	ABEV
SAM	-0.54		0.67	-0.76	-0.14	-0.13	-0.68	-0.72	0.49	-0.68	SAM
KNBWY	-0.31	0.67		-0.72	-0.14	0.12	-0.57	-0.56	0.55	-0.57	KNBWY
CABGY	0.63	-0.76	-0.72		0.49	0.23	0.83	0.88	-0.28	0.83	CABGY
TAP	0.08	-0.14	-0.14	0.49		0.61	0.55	0.56	0.21	0.56	TAP
CCU	0.11	-0.13	0.12	0.23	0.61		0.27	0.32	0.36	0.28	CCU
BUD	0.57	-0.68	-0.57	0.83	0.55	0.27		0.95	-0.31	1.0	BUD
HEINY	0.61	-0.72	-0.56	0.88	0.56	0.32	0.95		-0.3	0.96	HEINY
STBFY	-0.06	0.49	0.55	-0.28	0.21	0.36	-0.31	-0.3		-0.31	STBFY
BUDFF	0.56	-0.68	-0.57	0.83	0.56	0.28	1.0	0.96	-0.31		BUDFF
	ABEV	SAM	KNBWY	CABGY	TAP	CCU	BUD	HEINY	STBFY	BUDFF

Please upgrade your account to get full access to Macroaxis premium features

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

BUDFF	+ 1.0	BUD
BUDFF	+ 0.96	HEINY
HEINY	+ 0.95	BUD
HEINY	+ 0.88	CABGY
BUD	+ 0.83	CABGY
BUDFF	+ 0.83	CABGY

High negative correlations

CABGY	- 0.76	SAM
CABGY	- 0.72	KNBWY
HEINY	- 0.72	SAM
BUDFF	- 0.68	SAM
BUD	- 0.68	SAM
BUDFF	- 0.57	KNBWY

Risk-Adjusted Indicators

There is a big difference between Fomento Stock performing well and Fomento Economico 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 Fomento Economico'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
ABEV	1.17	(0.14)	0.00	(0.15)	0.00	0.00	2.12	(2.54)	8.27
SAM	1.84	0.16	0.09	0.16	1.97	(1.92)	4.26	(3.16)	11.33
KNBWY	0.99	0.07	0.03	0.23	1.00	(1.27)	1.92	(1.94)	8.23
CABGY	0.99	(0.29)	0.00	(0.76)	0.00	0.00	2.00	(2.19)	9.80
TAP	1.23	(0.11)	0.00	(0.09)	0.00	0.00	2.07	(2.46)	6.53
CCU	1.23	(0.15)	0.00	(0.11)	0.00	0.00	2.43	(2.48)	7.49
BUD	1.17	(0.21)	0.00	(0.20)	0.00	0.00	1.79	(2.07)	15.06
HEINY	0.96	(0.19)	0.00	(0.35)	0.00	0.00	1.48	(1.43)	11.87
STBFY	0.92	0.04	(0.02)	(1.75)	0.99	(1.06)	2.15	(1.64)	4.90
BUDFF	1.14	(0.21)	0.00	(0.28)	0.00	0.00	1.60	(2.02)	15.09

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC