Autopistas Del Correlations

Stocks . Argentina . 
Stock . Autopistas del Sol
AUSO Stock  ARS 3,525  175.00  4.73%   
The current 90-days correlation between Autopistas del Sol and Agrometal SAI is 0.32 (i.e., Weak diversification). The correlation of Autopistas Del 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.

Autopistas Del Correlation With Market

Average diversification

The correlation between Autopistas del Sol and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Autopistas del Sol and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Autopistas Del could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Autopistas Del 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 Autopistas Del - 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 Autopistas del Sol to buy it.

Moving together with Autopistas Stock

  0.83OEST Grupo Concesionario delPairCorr
  0.8WMT WalmartPairCorr
  0.65RICH Laboratorios RichmondPairCorr
  0.9YPFD YPF SA DPairCorr
  0.79BBAR BBVA Banco FrancesPairCorr
  0.7GGAL Grupo Financiero GaliciaPairCorr
  0.84CRES Cresud SAPairCorr
  0.88TECO2 Telecom ArgentinaPairCorr
  0.79SUPV Grupo SuperviellePairCorr
  0.67BMA Banco Macro SAPairCorr
  0.87LOMA Loma Negra CompaniaPairCorr
  0.82EDN Empresa DistribuidoraPairCorr
  0.8BYMA Bolsas y MercadosPairCorr
  0.87METR Metrogas SAPairCorr
  0.82AGRO Agrometal SAIPairCorr
  0.92LEDE Ledesma SAAIPairCorr
  0.86CEPU Central Puerto SAPairCorr
  0.87TGSU2 Transportadora de GasPairCorr
  0.86PAMP Pampa Energia SAPairCorr
  0.87IRSA IRSA Inversiones y SplitPairCorr
  0.81TRAN Compania de TransportePairCorr
  0.85MIRG Mirgor SAPairCorr
  0.89VALO Banco de ValoresPairCorr
  0.73AXP American ExpressPairCorr

Moving against Autopistas Stock

  0.62KO Coca ColaPairCorr
  0.5PFE Pfizer IncPairCorr

Related Correlations Analysis

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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   
TGSU2
+ 0.92
TECO2
AGRO
+ 0.85
TECO2
TGSU2
+ 0.76
AGRO
X
+ 0.68
HMY
  
High negative correlations   
AGRO
- 0.88
HMY
TECO2
- 0.85
HMY
TGSU2
- 0.74
HMY
AGRO
- 0.71
X
TGSU2
- 0.65
X
TECO2
- 0.57
X

Risk-Adjusted Indicators

There is a big difference between Autopistas Stock performing well and Autopistas Del 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 Autopistas Del'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 Autopistas Del 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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Autopistas Del Corporate Management

Elected by the shareholders, the Autopistas Del's board of directors comprises two types of representatives: Autopistas Del inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Autopistas. The board's role is to monitor Autopistas Del's management team and ensure that shareholders' interests are well served. Autopistas Del'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, Autopistas Del's outside directors are responsible for providing unbiased perspectives on the board's policies.
Marcos FrankiensztajnOrganization and Systems ManagerProfile
Yanina LunaChief AccountancyProfile
Francesc FarreMD DirectorProfile
Marcelo BenagliaG MangProfile
Carlos ParimbelliChief Financial and Administrative OfficerProfile
Eduardo PomszteinDirector AffairsProfile
Gonzalo ZorozaChief Human Resource OfficerProfile
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