Grupo Carso Correlations
| GPOVF Stock | USD 9.00 0.16 1.81% |
The correlation of Grupo Carso 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 Carso moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Grupo Carso SAB 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 Carso SAB and NYA 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 Grupo Carso SAB and NYA in the same portfolio, assuming nothing else is changed.
Grupo |
The ability to find closely correlated positions to Grupo Carso 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 Carso 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 Carso - 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 Carso SAB to buy it.
Moving against Grupo Pink Sheet
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| 0.78 | MMM | 3M Company Financial Report 23rd of July 2024 | PairCorr |
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| 0.77 | TGT | Target Financial Report 15th of May 2024 | PairCorr |
| 0.76 | PH | Parker Hannifin Fiscal Year End 1st of August 2024 | PairCorr |
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| 0.73 | CI | Cigna Corp | PairCorr |
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| 0.63 | NVO | Novo Nordisk AS | PairCorr |
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| 0.45 | MITSF | Mitsui | PairCorr |
| 0.44 | HTHIY | Hitachi Ltd ADR | PairCorr |
| 0.44 | GOOG | Alphabet Class C Aggressive Push | 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 Carso 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 Carso'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| GRBMF | 2.10 | (0.22) | 0.00 | (0.14) | 0.00 | 4.35 | 25.73 | |||
| EMBVF | 1.03 | (0.20) | 0.00 | (1.17) | 0.00 | 2.77 | 10.64 | |||
| BCCLF | 3.48 | 0.19 | 0.03 | 0.39 | 4.19 | 9.47 | 27.90 | |||
| AQUI | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| MSTSX | 0.49 | 0.06 | 0.00 | 0.39 | 0.66 | 1.07 | 3.20 | |||
| ABHYX | 0.14 | 0.01 | (0.18) | 0.14 | 0.14 | 0.34 | 1.14 | |||
| LBHIX | 0.19 | (0.01) | (0.18) | 0.03 | 0.18 | 0.48 | 0.98 | |||
| SCAXF | 4.62 | 2.31 | 0.00 | 6.35 | 0.00 | 0.00 | 147.93 | |||
| VIASP | 1.40 | 0.25 | 0.10 | 0.73 | 1.75 | 3.96 | 13.41 | |||
| RRTLX | 0.27 | 0.03 | (0.10) | 0.45 | 0.26 | 0.59 | 1.45 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Grupo Carso 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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Grupo Carso Corporate Management
Elected by the shareholders, the Grupo Carso's board of directors comprises two types of representatives: Grupo Carso inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Grupo. The board's role is to monitor Grupo Carso's management team and ensure that shareholders' interests are well served. Grupo Carso'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, Grupo Carso's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Engineer Garcia | Chief Officer | Profile | |
| L Bengoa | S Area | Profile | |
| L Garcia | F Treasurer | Profile | |
| Norma Garnica | Head Relations | Profile |
Already Invested in Grupo Carso SAB?
The danger of trading Grupo Carso SAB 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 Carso 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 Carso. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Grupo Carso SAB 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 Carso SAB. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real. You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
Complementary Tools for Grupo Pink Sheet analysis
When running Grupo Carso's price analysis, check to measure Grupo Carso's 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 Carso is operating at the current time. Most of Grupo Carso's value examination focuses on studying past and present price action to predict the probability of Grupo Carso's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Grupo Carso's price. Additionally, you may evaluate how the addition of Grupo Carso to your portfolios can decrease your overall portfolio volatility.
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