Arca Continental Correlations

EMBVF Stock

USD 10.40 0.45 4.15%

The current 90-days correlation between Arca Continental SAB and Celsius Holdings is 0.15 (i.e., Average diversification). The correlation of Arca Continental 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.

Arca Continental Correlation With Market

Modest diversification

The correlation between Arca Continental SAB and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Arca Continental SAB and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Arca Pink Sheet

0.93	KO	Coca Cola	Pair Corr
0.71	KDP	Keurig Dr Pepper	Pair Corr
0.92	CCEP	Coca Cola European	Pair Corr
0.9	KOF	Coca Cola Femsa	Pair Corr
0.72	COCSF	Coca Cola FEMSA	Pair Corr
0.74	KEP	Korea Electric Power	Pair Corr
0.81	OXSQZ	Oxford Square Capital	Pair Corr
0.67	OXSQG	Oxford Square Capital	Pair Corr
0.76	OXSQ	Oxford Square Capital	Pair Corr
0.85	EC	Ecopetrol SA ADR	Pair Corr
0.9	FINV	FinVolution Group Normal Trading	Pair Corr
0.7	SRAD	Sportradar Group Tech Boost	Pair Corr
0.87	MPW	Medical Properties Trust Aggressive Push	Pair Corr
0.95	CABGY	Carlsberg AS	Pair Corr
0.69	AIMDW	Ainos Inc	Pair Corr
0.94	AZN	AstraZeneca PLC ADR	Pair Corr
0.7	INGVF	ING Groep NV	Pair Corr
0.72	ISMAY	Indra Sistemas SA Downward Rally	Pair Corr
0.88	LNW	Light Wonder	Pair Corr

Moving against Arca Pink Sheet

0.79	VFSWW	VinFast Auto	Pair Corr
0.65	KB	KB Financial Group	Pair Corr
0.53	SHG	Shinhan Financial	Pair Corr
0.84	VFS	VinFast Auto	Pair Corr
0.45	SHWZ	Medicine Man Technologies Earnings Call Tomorrow	Pair Corr
0.35	38141E4D8	GOLDMAN SACHS GROUP	Pair Corr

Related Correlations Analysis

	KO	MNST	CELH	COKE	KDP	PEP
KO		0.59	0.09	0.5	0.81	0.29	KO
MNST	0.59		0.66	-0.25	0.72	0.54	MNST
CELH	0.09	0.66		-0.43	0.44	0.42	CELH
COKE	0.5	-0.25	-0.43		0.19	-0.31	COKE
KDP	0.81	0.72	0.44	0.19		0.66	KDP
PEP	0.29	0.54	0.42	-0.31	0.66		PEP
	KO	MNST	CELH	COKE	KDP	PEP

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

KDP	+ 0.81	KO
KDP	+ 0.72	MNST
CELH	+ 0.66	MNST
PEP	+ 0.66	KDP
MNST	+ 0.59	KO
PEP	+ 0.54	MNST

High negative correlations

COKE	- 0.43	CELH
PEP	- 0.31	COKE
COKE	- 0.25	MNST

Risk-Adjusted Indicators

There is a big difference between Arca Pink Sheet performing well and Arca Continental 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 Arca Continental'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
KO	0.93	0.15	0.19	0.99	0.90	(1.04)	1.87	(1.53)	7.65
MNST	1.07	0.14	0.15	0.57	1.14	(1.13)	2.80	(1.87)	6.76
CELH	3.48	0.20	0.06	0.61	3.97	(4.15)	7.75	(5.49)	42.08
COKE	1.61	0.11	0.05	0.06	2.29	(1.53)	2.83	(3.42)	10.97
KDP	1.06	0.02	0.06	0.08	1.34	(1.15)	2.18	(2.38)	6.15
PEP	1.08	(0.10)	0.00	(0.78)	0.00	0.00	1.85	(2.73)	8.20

Be your own money manager

Our tools can tell you how much better you can do entering a position in Arca Continental 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 Aroon Oscillator Now

Aroon Oscillator

Analyze current equity momentum using Aroon Oscillator and other momentum ratios

All Next

Launch Module

Arca Continental Corporate Management

Milton Mattus	Pres Foods	Profile
L Hernandez	Chief Officer	Profile
Emilio Charur	Chief Officer	Profile
Jean Ruiz	Pres Beverages	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC