Grupo Carso Correlations

4GF Stock  EUR 5.15  0.10  1.90%   
The current 90-days correlation between Grupo Carso SAB and Calibre Mining Corp is 0.08 (i.e., Significant diversification). 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Grupo Carso Correlation With Market

Good diversification

The correlation between Grupo Carso SAB and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Grupo Carso SAB and DJI in the same portfolio, assuming nothing else is changed.
  
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 together with Grupo Stock

  0.65HIA1 HitachiPairCorr

Moving against Grupo Stock

  0.652CK CK Hutchison HoldingsPairCorr
  0.622CKA CK HUTCHISON HLDGSPairCorr
  0.42VVDH Veolia EnvironnementPairCorr
  0.4IOC ITOCHUPairCorr
  0.32MBI MitsubishiPairCorr

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   
59VM1W
P4QWCLA
M1WWCLA
DGDWCLA
M1WP4Q
59VWCLA
  
High negative correlations   
59VUS8
US8M1W
RSM0WCLA
US8WCLA
US8P4Q
3GHRSM0

Risk-Adjusted Indicators

There is a big difference between Grupo Stock 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.

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?

Run Efficient Frontier Now

   

Efficient Frontier

Plot and analyze your portfolio and positions against risk-return landscape of the market.
All  Next Launch Module

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.