Grupo Financiero Correlations

GGAL Stock

USD 49.60 0.35 0.71%

The current 90-days correlation between Grupo Financiero Galicia and Banco Macro SA is 0.93 (i.e., Almost no diversification). 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 Galicia moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Grupo Financiero Correlation With Market

Weak diversification

The correlation between Grupo Financiero Galicia and DJI is 0.34 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Grupo Financiero Galicia and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Grupo Stock

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Grupo Financiero Galicia. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with Grupo Stock

0.76

TFC-PI

Truist Financial

Pair Corr

Moving against Grupo Stock

0.94	WF	Woori Financial Group	Pair Corr
0.86	KB	KB Financial Group	Pair Corr
0.84	AX	Axos Financial Earnings Call This Week	Pair Corr
0.83	RF	Regions Financial Normal Trading	Pair Corr
0.8	TECTP	Tectonic Financial	Pair Corr
0.78	VBTX	Veritex Holdings	Pair Corr
0.76	EFSC	Enterprise Financial	Pair Corr
0.74	TFC-PO	Truist Financial	Pair Corr
0.71	CFG-PE	Citizens Financial	Pair Corr
0.7	TFC-PR	Truist Financial	Pair Corr
0.63	CFG-PH	Citizens Financial Group,	Pair Corr
0.56	NU	Nu Holdings	Pair Corr
0.55	BY	Byline Bancorp Earnings Call Today	Pair Corr
0.55	EBTC	Enterprise Bancorp	Pair Corr
0.54	PB	Prosperity Bancshares	Pair Corr
0.44	EGBN	Eagle Bancorp	Pair Corr
0.4	KEY-PI	KeyCorp	Pair Corr
0.38	VABK	Virginia National	Pair Corr
0.88	TFINP	Triumph Financial	Pair Corr
0.86	KEY-PK	KeyCorp	Pair Corr
0.82	EWBC	East West Bancorp	Pair Corr
0.78	WSBCP	WesBanco	Pair Corr
0.78	FBNC	First Bancorp	Pair Corr
0.76	KEY-PL	KeyCorp	Pair Corr
0.76	WTFC	Wintrust Financial	Pair Corr
0.74	KEY-PJ	KeyCorp	Pair Corr
0.72	ESSA	ESSA Bancorp	Pair Corr
0.72	FBIZ	First Business Financial	Pair Corr
0.67	WSBC	WesBanco Earnings Call This Week	Pair Corr
0.67	WSFS	WSFS Financial Earnings Call Today	Pair Corr
0.66	BANC-PF	Banc of California	Pair Corr
0.58	WAFD	Washington Federal	Pair Corr
0.55	EQBK	Equity Bancshares,	Pair Corr
0.46	WNEB	Western New England	Pair Corr
0.44	FBLA	FB Bancorp, Common	Pair Corr

Related Correlations Analysis

	SUPV	BBAR	ITUB	BBD	BMA	BBDO	AVAL	BSBR	LYG
SUPV		0.97	-0.36	-0.72	0.98	-0.69	-0.69	-0.05	-0.52	SUPV
BBAR	0.97		-0.24	-0.63	0.99	-0.61	-0.65	0.07	-0.45	BBAR
ITUB	-0.36	-0.24		0.85	-0.34	0.86	0.51	0.87	0.68	ITUB
BBD	-0.72	-0.63	0.85		-0.69	0.98	0.73	0.62	0.8	BBD
BMA	0.98	0.99	-0.34	-0.69		-0.68	-0.66	-0.04	-0.49	BMA
BBDO	-0.69	-0.61	0.86	0.98	-0.68		0.67	0.66	0.76	BBDO
AVAL	-0.69	-0.65	0.51	0.73	-0.66	0.67		0.16	0.64	AVAL
BSBR	-0.05	0.07	0.87	0.62	-0.04	0.66	0.16		0.38	BSBR
LYG	-0.52	-0.45	0.68	0.8	-0.49	0.76	0.64	0.38		LYG
	SUPV	BBAR	ITUB	BBD	BMA	BBDO	AVAL	BSBR	LYG

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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

BMA	+ 0.99	BBAR
BMA	+ 0.98	SUPV
BBDO	+ 0.98	BBD
BBAR	+ 0.97	SUPV
BSBR	+ 0.87	ITUB
BBDO	+ 0.86	ITUB

High negative correlations

BBD	- 0.72	SUPV
BMA	- 0.69	BBD
AVAL	- 0.69	SUPV
BBDO	- 0.69	SUPV
BBDO	- 0.68	BMA
AVAL	- 0.66	BMA

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
SUPV	2.55	(0.58)	0.00	3.20	0.00	0.00	5.78	(5.96)	14.43
BBAR	2.35	(0.59)	0.00	(0.41)	0.00	0.00	4.63	(5.44)	12.66
ITUB	1.19	0.13	0.01	0.52	1.21	(1.49)	2.70	(2.33)	10.38
BBD	1.48	0.37	0.15	1.14	1.05	(1.97)	3.17	(2.43)	21.83
BMA	2.12	(0.61)	0.00	(0.42)	0.00	0.00	4.83	(4.81)	12.56
BBDO	1.86	0.28	0.05	1.35	2.08	(2.20)	3.94	(3.76)	19.42
AVAL	1.36	0.08	(0.03)	0.49	1.54	(1.65)	3.35	(2.83)	10.18
BSBR	1.45	0.00	(0.05)	0.22	1.75	(1.62)	3.51	(2.80)	11.74
LYG	1.14	0.12	0.00	0.49	1.69	(1.18)	2.68	(2.37)	8.84

Grupo Financiero Corporate Management

Diego Rivas	Chief Officer	Profile
Ezequiel Valls	Chief Officer	Profile
Adrian Pedemonte	Head Relations	Profile
Pablo Firvida	Investor Officer	Profile
Bruno Folino	Chief Officer	Profile
Jose Ronsini	Chief Financial and Administrative Officer	Profile

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