Grupo Simec Correlations
| SIM Stock | USD 27.79 0.29 1.03% |
The current 90-days correlation between Grupo Simec SAB and Companhia Siderurgica Nacional is 0.27 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Grupo Simec moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Grupo Simec SAB moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Grupo Simec Correlation With Market
Good diversification
The correlation between Grupo Simec SAB and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Grupo Simec SAB and DJI in the same portfolio, assuming nothing else is changed.
Moving together with Grupo Stock
Related Correlations Analysis
| 0.13 | 0.03 | -0.15 | 0.24 | -0.41 | FRD | ||
| 0.13 | -0.11 | -0.05 | 0.76 | -0.19 | FEEXF | ||
| 0.03 | -0.11 | 0.68 | -0.01 | 0.58 | ZEUS | ||
| -0.15 | -0.05 | 0.68 | -0.16 | 0.86 | IIIN | ||
| 0.24 | 0.76 | -0.01 | -0.16 | -0.29 | SID | ||
| -0.41 | -0.19 | 0.58 | 0.86 | -0.29 | ROCK | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Grupo Stock performing well and Grupo Simec 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 Simec'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FRD | 1.68 | (0.08) | 0.00 | (0.02) | 0.00 | 3.16 | 17.55 | |||
| FEEXF | 2.46 | 0.32 | 0.01 | (0.30) | 3.94 | 12.33 | 40.48 | |||
| ZEUS | 1.78 | (0.04) | 0.02 | 0.11 | 2.16 | 3.98 | 14.85 | |||
| IIIN | 1.58 | 0.37 | 0.21 | 0.71 | 1.25 | 2.91 | 20.12 | |||
| SID | 2.23 | (0.23) | 0.00 | (0.10) | 0.00 | 4.38 | 13.28 | |||
| ROCK | 1.58 | 0.09 | 0.08 | 0.19 | 1.61 | 3.40 | 9.45 |