ACS Actividades Correlations

ACSAF Stock

USD 58.62 1.26 2.20%

The current 90-days correlation between ACS Actividades de and Acciona SA is 0.1 (i.e., Average diversification). The correlation of ACS Actividades 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.

ACS Actividades Correlation With Market

Average diversification

The correlation between ACS Actividades de and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ACS Actividades de and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to ACS Actividades could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ACS Actividades 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 ACS Actividades - 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 ACS Actividades de to buy it.

Moving together with ACS Pink Sheet

0.9	VCISY	Vinci SA ADR	Pair Corr
0.82	VCISF	VINCI SA	Pair Corr
0.73	WM	Waste Management	Pair Corr
0.75	GTN	Gray Television	Pair Corr
0.82	ISMAY	Indra Sistemas SA	Pair Corr
0.77	HROWM	Harrow Health, 11875	Pair Corr

Moving against ACS Pink Sheet

0.81	LTOUF	Larsen Toubro Limited	Pair Corr
0.77	PWR	Quanta Services	Pair Corr
0.73	CHHE	China Health Industries	Pair Corr
0.7	EME	EMCOR Group	Pair Corr
0.6	SHWZ	Medicine Man Technologies Earnings Call This Week	Pair Corr
0.58	GSTX	Graphene Solar Techn Earnings Call This Week	Pair Corr

Related Correlations Analysis

	ACXIF	BBCPW	JGCCY	KAJMY	ACSAY	ARCAY	BADFF
ACXIF		0.0	-0.28	0.55	0.59	-0.09	0.24	ACXIF
BBCPW	0.0		0.0	0.0	0.0	0.0	0.0	BBCPW
JGCCY	-0.28	0.0		-0.44	-0.33	0.26	0.08	JGCCY
KAJMY	0.55	0.0	-0.44		0.8	-0.53	0.43	KAJMY
ACSAY	0.59	0.0	-0.33	0.8		-0.65	0.45	ACSAY
ARCAY	-0.09	0.0	0.26	-0.53	-0.65		-0.27	ARCAY
BADFF	0.24	0.0	0.08	0.43	0.45	-0.27		BADFF
	ACXIF	BBCPW	JGCCY	KAJMY	ACSAY	ARCAY	BADFF

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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

ACSAY	+ 0.8	KAJMY
ACSAY	+ 0.59	ACXIF
KAJMY	+ 0.55	ACXIF
BADFF	+ 0.45	ACSAY
BADFF	+ 0.43	KAJMY
ARCAY	+ 0.26	JGCCY

High negative correlations

ARCAY	- 0.65	ACSAY
ARCAY	- 0.53	KAJMY
KAJMY	- 0.44	JGCCY
ACSAY	- 0.33	JGCCY
JGCCY	- 0.28	ACXIF
BADFF	- 0.27	ARCAY

Risk-Adjusted Indicators

There is a big difference between ACS Pink Sheet performing well and ACS Actividades 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 ACS Actividades' 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
ACXIF	1.78	0.20	0.06	0.80	2.36	(3.66)	5.49	(5.41)	17.66
BBCPW	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
JGCCY	1.71	(0.02)	0.00	(0.09)	0.00	0.00	7.78	(2.32)	39.28
KAJMY	2.54	0.32	0.05	3.11	3.76	(4.74)	10.05	(8.41)	28.94
ACSAY	1.43	0.28	0.19	0.52	1.47	(1.68)	3.97	(1.88)	11.67
ARCAY	1.20	0.00	0.00	0.00	0.00	0.00	2.70	(5.85)	10.41
BADFF	1.37	0.13	0.04	0.14	1.98	(2.92)	4.77	(5.01)	13.68

Be your own money manager

Our tools can tell you how much better you can do entering a position in ACS Actividades 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.

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ACS Actividades Corporate Management

Nuria Haltiwanger	Concesiones Iridium	Profile
Eugenio Gmez	Comunicaciones Servicios	Profile
Nikolaus Matuschka	CEO AG	Profile
Florentino Rodrguez	Ex Chairman	Profile

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