Correlation Between GRUPO LALA and ALROSA NYURBA

By analyzing existing cross correlation between GRUPO LALA SAB and ALROSA NYURBA PJSC, you can compare the effects of market volatilities on GRUPO LALA and ALROSA NYURBA and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in GRUPO LALA with a short position of ALROSA NYURBA. Check out your portfolio center. Please also check ongoing floating volatility patterns of GRUPO LALA and ALROSA NYURBA.

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Can any of the company-specific risk be diversified away by investing in both GRUPO LALA and ALROSA NYURBA at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining GRUPO LALA and ALROSA NYURBA into the same portfolio, which is an essential part of the fundamental portfolio management process.

Diversification Opportunities for GRUPO LALA and ALROSA NYURBA

  Correlation Coefficient

Pay attention - limited upside

The 3 months correlation between GRUPO and ALROSA is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding GRUPO LALA SAB DE CV and ALROSA NYURBA PJSC in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on ALROSA NYURBA PJSC and GRUPO LALA is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on GRUPO LALA SAB are associated (or correlated) with ALROSA NYURBA. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of ALROSA NYURBA PJSC has no effect on the direction of GRUPO LALA i.e. GRUPO LALA and ALROSA NYURBA go up and down completely randomly.

Pair Corralation between GRUPO LALA and ALROSA NYURBA

If you would invest  1,122  in GRUPO LALA SAB on June 15, 2020 and sell it today you would earn a total of  78.00  from holding GRUPO LALA SAB or generate 6.95% return on investment over 30 days.
Time Period3 Months [change]
ValuesDaily Returns


 Performance (%) 

GRUPO LALA Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in GRUPO LALA SAB are ranked lower than 4 (%) of all global equities and portfolios over the last 30 days. Even with considerably weak basic indicators, GRUPO LALA may actually be approaching a critical reversion point that can send shares even higher in August 2020.

ALROSA NYURBA Risk-Adjusted Performance

Over the last 30 days ALROSA NYURBA PJSC has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of rather sound basic indicators, ALROSA NYURBA is not utilizing all of its potentials. The current stock price tumult, may contribute to shorter-term losses for the shareholders.

GRUPO LALA and ALROSA NYURBA Volatility Contrast

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