Domo Activos Correlations

DOMO Stock

1.24 0.01 0.81%

The current 90-days correlation between Domo Activos Socimi and Biotechnology Assets SA is -0.13 (i.e., Good diversification). The correlation of Domo Activos 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.

Domo Activos Correlation With Market

Significant diversification

The correlation between Domo Activos Socimi and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Domo Activos Socimi and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Domo Stock

0.71	SAB	Banco de Sabadell	Pair Corr
0.7	SAN	Banco Santander	Pair Corr
0.68	CABK	Caixabank SA	Pair Corr
0.68	UNI	Unicaja Banco SA	Pair Corr
0.62	TEF	Telefonica	Pair Corr
0.62	IBE	Iberdrola SA	Pair Corr
0.61	BKT	Bankinter	Pair Corr
0.53	XVALO	Vale SA	Pair Corr
0.39	VIS	Viscofan	Pair Corr
0.36	XPBRA	Petroleo Brasileiro	Pair Corr

Related Correlations Analysis

	KOM	IAG	YTCH	YIPP	BST	MEL	YATO
KOM		0.27	-0.57	-0.39	-0.3	0.3	-0.29	KOM
IAG	0.27		0.27	0.12	0.39	0.53	0.33	IAG
YTCH	-0.57	0.27		0.21	0.73	-0.22	0.71	YTCH
YIPP	-0.39	0.12	0.21		0.24	-0.29	0.4	YIPP
BST	-0.3	0.39	0.73	0.24		-0.33	0.81	BST
MEL	0.3	0.53	-0.22	-0.29	-0.33		-0.49	MEL
YATO	-0.29	0.33	0.71	0.4	0.81	-0.49		YATO
	KOM	IAG	YTCH	YIPP	BST	MEL	YATO

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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

YATO	+ 0.81	BST
BST	+ 0.73	YTCH
YATO	+ 0.71	YTCH
MEL	+ 0.53	IAG
YATO	+ 0.4	YIPP
BST	+ 0.39	IAG

High negative correlations

YTCH	- 0.57	KOM
YATO	- 0.49	MEL
YIPP	- 0.39	KOM
MEL	- 0.33	BST
BST	- 0.3	KOM
MEL	- 0.29	YIPP

Risk-Adjusted Indicators

There is a big difference between Domo Stock performing well and Domo Activos 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 Domo Activos' 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
KOM	0.23	(0.08)	0.00	(6.59)	0.00	0.00	0.00	0.00	4.86
IAG	1.65	(0.05)	0.00	(0.10)	0.00	0.00	3.01	(3.46)	11.56
YTCH	0.11	0.02	0.00	8.51	0.00	0.00	0.96	0.00	1.95
YIPP	0.49	0.22	0.00	(0.39)	0.00	0.00	0.00	0.00	13.00
BST	2.64	0.21	0.06	0.69	2.66	(4.79)	6.45	(5.71)	16.77
MEL	1.18	(0.14)	0.00	(0.21)	0.00	0.00	1.99	(2.67)	7.46
YATO	0.53	0.28	0.00	1.24	0.00	0.00	1.54	0.00	10.22

Be your own money manager

Our tools can tell you how much better you can do entering a position in Domo Activos 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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Domo Activos Corporate Management

Elected by the shareholders, the Domo Activos' board of directors comprises two types of representatives: Domo Activos inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Domo. The board's role is to monitor Domo Activos' management team and ensure that shareholders' interests are well served. Domo Activos' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Domo Activos' outside directors are responsible for providing unbiased perspectives on the board's policies.

Silvia Canizares	Financial Director	Profile
Juan Pepa	CEO Director	Profile
Yolanda Barragn	Director Area	Profile
Octavio Mendez	S Directors	Profile
Marta Mora	Communication Director	Profile

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