Grifols SA Correlations

GRFS Stock

USD 9.39 0.39 4.33%

The current 90-days correlation between Grifols SA ADR and Lithia Motors is 0.5 (i.e., Very weak diversification). The correlation of Grifols SA 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.

Grifols SA Correlation With Market

Poor diversification

The correlation between Grifols SA ADR and DJI is 0.67 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Grifols SA ADR and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Grifols Stock

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

Moving together with Grifols Stock

0.62	AZN	AstraZeneca PLC ADR	Pair Corr
0.75	GSK	GlaxoSmithKline PLC ADR	Pair Corr
0.87	NVS	Novartis AG ADR	Pair Corr
0.83	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.7	MIRA	MIRA Pharmaceuticals,	Pair Corr
0.61	SEER	Seer Inc	Pair Corr
0.61	BKRKF	PT Bank Rakyat	Pair Corr
0.61	PPERY	Bank Mandiri Persero	Pair Corr
0.65	PPERF	Bank Mandiri Persero	Pair Corr
0.73	TLKMF	Telkom Indonesia Tbk	Pair Corr
0.96	TLK	Telkom Indonesia Tbk	Pair Corr
0.73	EC	Ecopetrol SA ADR	Pair Corr
0.61	CIO-PA	City Office REIT	Pair Corr
0.94	VST	Vistra Energy Corp	Pair Corr
0.82	SPNS	Sapiens International	Pair Corr
0.96	STRT	Strattec Security	Pair Corr
0.89	EBS	Emergent Biosolutions	Pair Corr
0.84	AA	Alcoa Corp Earnings Call This Week	Pair Corr
0.93	GE	GE Aerospace	Pair Corr

Moving against Grifols Stock

0.47	BMY	Bristol Myers Squibb Aggressive Push	Pair Corr
0.47	OGN	Organon	Pair Corr
0.35	XNCR	Xencor Inc Upward Rally	Pair Corr
0.5	MCD	McDonalds	Pair Corr

Related Correlations Analysis

	AVNW	LAD	UMC	SURRY	CPNG	GAP	LOGC	DK
AVNW		0.95	0.91	0.77	0.96	0.36	0.56	0.93	AVNW
LAD	0.95		0.88	0.75	0.91	0.35	0.53	0.91	LAD
UMC	0.91	0.88		0.68	0.94	0.53	0.35	0.92	UMC
SURRY	0.77	0.75	0.68		0.68	-0.15	0.54	0.75	SURRY
CPNG	0.96	0.91	0.94	0.68		0.52	0.52	0.94	CPNG
GAP	0.36	0.35	0.53	-0.15	0.52		0.06	0.45	GAP
LOGC	0.56	0.53	0.35	0.54	0.52	0.06		0.52	LOGC
DK	0.93	0.91	0.92	0.75	0.94	0.45	0.52		DK
	AVNW	LAD	UMC	SURRY	CPNG	GAP	LOGC	DK

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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

CPNG	+ 0.96	AVNW
LAD	+ 0.95	AVNW
CPNG	+ 0.94	UMC
DK	+ 0.94	CPNG
DK	+ 0.93	AVNW
DK	+ 0.92	UMC

High negative correlations

GAP

- 0.15

SURRY

Risk-Adjusted Indicators

There is a big difference between Grifols Stock performing well and Grifols SA 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 Grifols SA'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
AVNW	1.99	0.31	0.11	0.35	2.44	(2.20)	4.63	(3.97)	16.68
LAD	1.66	0.13	0.06	0.19	2.21	(1.77)	4.10	(3.70)	17.50
UMC	1.75	0.22	0.08	2.87	1.84	(2.04)	4.85	(3.30)	13.89
SURRY	2.25	0.67	0.00	(8.85)	0.00	0.00	5.11	(5.15)	34.83
CPNG	1.55	0.47	0.20	5.12	1.61	(1.82)	3.64	(3.65)	14.48
GAP	2.88	0.24	0.03	(3.43)	5.67	(2.96)	5.47	(5.67)	36.25
LOGC	2.38	0.03	(0.01)	0.45	3.82	(2.29)	5.95	(4.47)	23.38
DK	3.08	0.77	0.13	(6.90)	4.00	(3.31)	8.37	(6.38)	21.30

Grifols SA Corporate Management

Luis Garon	Managing Grifols	Profile
Rahul Srinivasan	Chief Officer	Profile
Maria Llano	Chief Officer	Profile
Vicente Torre	Chief Officer	Profile

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