Grupo Aeroportuario Correlations

ASR Stock

USD 286.85 2.29 0.80%

The current 90-days correlation between Grupo Aeroportuario del and Grupo Aeroportuario del is 0.81 (i.e., Very poor diversification). The correlation of Grupo Aeroportuario 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 Aeroportuario Correlation With Market

Very weak diversification

The correlation between Grupo Aeroportuario del and DJI is 0.46 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Grupo Aeroportuario del and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Grupo Aeroportuario del. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

Moving together with Grupo Stock

0.78	PAC	Grupo Aeroportuario del	Pair Corr
0.9	OMAB	Grupo Aeroportuario del	Pair Corr
0.61	DE	Deere Company	Pair Corr
0.68	GE	GE Aerospace	Pair Corr
0.63	MG	Mistras Group	Pair Corr

Moving against Grupo Stock

0.39	BW	Babcock Wilcox Enter	Pair Corr
0.37	TE	T1 Energy Symbol Change	Pair Corr

Related Correlations Analysis

	PAC	CAAP	ASLE	FLGZY	OMAB	APTPF	AUKNY	ARRPY	ANNSF	ANYYY
PAC		0.15	0.33	0.24	0.85	-0.21	0.41	0.0	0.41	0.42	PAC
CAAP	0.15		-0.43	-0.26	0.14	0.62	0.36	-0.62	-0.48	-0.44	CAAP
ASLE	0.33	-0.43		0.25	0.58	-0.59	0.04	0.46	0.86	0.87	ASLE
FLGZY	0.24	-0.26	0.25		0.12	-0.32	-0.13	0.29	0.34	0.3	FLGZY
OMAB	0.85	0.14	0.58	0.12		-0.21	0.48	0.01	0.53	0.58	OMAB
APTPF	-0.21	0.62	-0.59	-0.32	-0.21		0.33	-0.73	-0.58	-0.53	APTPF
AUKNY	0.41	0.36	0.04	-0.13	0.48	0.33		-0.45	-0.01	0.08	AUKNY
ARRPY	0.0	-0.62	0.46	0.29	0.01	-0.73	-0.45		0.56	0.49	ARRPY
ANNSF	0.41	-0.48	0.86	0.34	0.53	-0.58	-0.01	0.56		0.96	ANNSF
ANYYY	0.42	-0.44	0.87	0.3	0.58	-0.53	0.08	0.49	0.96		ANYYY
	PAC	CAAP	ASLE	FLGZY	OMAB	APTPF	AUKNY	ARRPY	ANNSF	ANYYY

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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

ANYYY	+ 0.96	ANNSF
ANYYY	+ 0.87	ASLE
ANNSF	+ 0.86	ASLE
OMAB	+ 0.85	PAC
APTPF	+ 0.62	CAAP
OMAB	+ 0.58	ASLE

High negative correlations

ARRPY	- 0.73	APTPF
ARRPY	- 0.62	CAAP
APTPF	- 0.59	ASLE
ANNSF	- 0.58	APTPF
ANYYY	- 0.53	APTPF
ANNSF	- 0.48	CAAP

Risk-Adjusted Indicators

There is a big difference between Grupo Stock performing well and Grupo Aeroportuario 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 Aeroportuario'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
PAC	1.61	0.07	0.04	0.09	1.82	(1.69)	3.31	(2.76)	8.63
CAAP	1.88	(0.08)	0.00	(0.07)	0.00	0.00	3.61	(4.04)	15.56
ASLE	1.47	0.47	0.30	0.64	1.11	(1.71)	3.05	(2.38)	20.43
FLGZY	0.36	(0.03)	0.00	0.23	0.00	0.00	0.00	(1.33)	11.57
OMAB	1.80	0.17	0.07	0.19	2.24	(1.83)	3.71	(3.57)	11.84
APTPF	4.82	(0.16)	0.00	(0.13)	0.00	0.00	11.52	(13.89)	56.40
AUKNY	2.01	(0.01)	0.00	(0.03)	2.98	(2.46)	4.63	(5.95)	22.64
ARRPY	0.55	0.04	0.00	(0.60)	0.00	0.00	0.00	0.00	16.46
ANNSF	0.94	0.18	0.13	6.01	1.02	(1.19)	2.36	(2.23)	5.68
ANYYY	1.25	0.22	0.13	0.39	1.33	(1.25)	2.36	(2.25)	6.75

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