Grupo Televisa Correlations

TV Stock

USD 2.10 0.03 1.41%

The current 90-days correlation between Grupo Televisa SAB and Telefonica Brasil SA is -0.13 (i.e., Good diversification). The correlation of Grupo Televisa 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.

Grupo Televisa Correlation With Market

Good diversification

The correlation between Grupo Televisa SAB and DJI is -0.18 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Grupo Televisa SAB and DJI in the same portfolio, assuming nothing else is changed.

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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Grupo Televisa SAB. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.

Moving together with Grupo Stock

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0.81	DIS	Walt Disney	Pair Corr
0.82	EVC	Entravision Communications	Pair Corr
0.72	FOX	Fox Corp Class	Pair Corr
0.67	IAS	Integral Ad Science	Pair Corr
0.77	LYV	Live Nation Entertainment	Pair Corr
0.82	WBD	Warner Bros Discovery Aggressive Push	Pair Corr
0.69	IMAX	Imax Corp Earnings Call This Week	Pair Corr
0.65	UONEK	Urban One Class	Pair Corr
0.79	FWONA	Liberty Media	Pair Corr
0.83	FWONK	Liberty Media	Pair Corr
0.93	MCHX	Marchex	Pair Corr
0.83	MGNI	Magnite	Pair Corr
0.75	MSGE	Madison Square Garden	Pair Corr
0.69	NXST	Nexstar Broadcasting	Pair Corr

Moving against Grupo Stock

0.84	DUO	Fangdd Network Group	Pair Corr
0.81	XHLD	TEN Holdings, Common	Pair Corr
0.78	HHS	Harte Hanks	Pair Corr
0.76	KUKE	Kuke Music Holding	Pair Corr
0.74	WIMI	WiMi Hologram Cloud	Pair Corr
0.73	BOC	Boston Omaha Corp	Pair Corr
0.72	PSO	Pearson PLC ADR	Pair Corr
0.51	FLNT	Fluent Inc	Pair Corr
0.38	DRCT	Direct Digital Holdings	Pair Corr
0.76	NCTY	The9 Ltd ADR	Pair Corr
0.75	STGW	Stagwell	Pair Corr
0.65	NCMI	National CineMedia	Pair Corr
0.59	ABLV	Able View Global	Pair Corr
0.46	SJ	Scienjoy Holding Corp	Pair Corr
0.42	MCTR	CTRL Group Limited	Pair Corr

Related Correlations Analysis

	AMX	VIV	TEF	TIMB	TLK	FMX	KOF	ASR
AMX		0.74	0.67	0.75	0.7	0.2	-0.1	0.71	AMX
VIV	0.74		0.87	0.97	0.89	-0.15	-0.11	0.56	VIV
TEF	0.67	0.87		0.84	0.87	0.08	0.11	0.57	TEF
TIMB	0.75	0.97	0.84		0.89	-0.05	-0.01	0.63	TIMB
TLK	0.7	0.89	0.87	0.89		0.07	0.07	0.72	TLK
FMX	0.2	-0.15	0.08	-0.05	0.07		0.69	0.38	FMX
KOF	-0.1	-0.11	0.11	-0.01	0.07	0.69		0.09	KOF
ASR	0.71	0.56	0.57	0.63	0.72	0.38	0.09		ASR
	AMX	VIV	TEF	TIMB	TLK	FMX	KOF	ASR

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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

TIMB	+ 0.97	VIV
TLK	+ 0.89	VIV
TLK	+ 0.89	TIMB
TEF	+ 0.87	VIV
TLK	+ 0.87	TEF
TIMB	+ 0.84	TEF

High negative correlations

FMX	- 0.15	VIV
KOF	- 0.11	VIV
KOF	- 0.1	AMX
FMX	- 0.05	TIMB
KOF	- 0.01	TIMB

Risk-Adjusted Indicators

There is a big difference between Grupo Stock performing well and Grupo Televisa 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 Televisa'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
AMX	0.95	0.24	0.11	(17.53)	0.70	(1.15)	2.26	(1.44)	8.46
VIV	1.13	0.39	0.17	(7.41)	1.04	(1.31)	2.61	(1.96)	9.47
TEF	1.02	0.26	0.06	(0.49)	1.05	(1.10)	2.32	(1.91)	5.35
TIMB	1.45	0.30	0.13	2.12	1.20	(1.66)	3.54	(2.41)	9.95
TLK	1.38	0.27	0.15	0.61	1.25	(1.72)	3.79	(2.71)	8.11
FMX	1.01	0.02	(0.09)	(0.30)	1.25	(1.03)	2.18	(2.14)	5.62
KOF	1.20	(0.03)	0.00	13.05	0.00	0.00	2.36	(2.74)	7.92
ASR	1.27	0.25	0.10	2.31	1.05	(1.48)	3.18	(1.89)	8.98

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