Almacenes Xito Correlations

EXTO Stock

3.47 0.00 0.00%

The current 90-days correlation between Almacenes xito SA and FARO Technologies is 0.09 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Almacenes Xito moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Almacenes xito SA moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Almacenes Xito Correlation With Market

Modest diversification

The correlation between Almacenes xito SA 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 Almacenes xito SA and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Moving together with Almacenes Stock

0.68	AVO	Mission Produce	Pair Corr
0.61	DDL	Dingdong ADR	Pair Corr

Moving against Almacenes Stock

0.55	BJ	BJs Wholesale Club	Pair Corr
0.54	ACI	Albertsons Companies	Pair Corr
0.51	WBA	Walgreens Boots Alliance Earnings Call This Week	Pair Corr
0.5	SFM	Sprouts Farmers Market	Pair Corr
0.6	DADA	Dada Nexus Earnings Call Tomorrow	Pair Corr
0.58	OI	O I Glass	Pair Corr
0.53	WPRT	Westport Fuel Systems Earnings Call Tomorrow	Pair Corr
0.5	VLGEA	Village Super Market	Pair Corr
0.49	CHEF	Chefs Warehouse	Pair Corr
0.49	CCK	Crown Holdings	Pair Corr
0.39	CYD	China Yuchai Interna	Pair Corr
0.37	UNFI	United Natural Foods	Pair Corr
0.35	EFOI	Energy Focu	Pair Corr

Related Correlations Analysis

	WETO	WDC	BXP	RBC	FARO	LPCN	AIHS	MMSI
WETO		0.5	0.43	-0.24	-0.15	0.46	0.23	0.17	WETO
WDC	0.5		0.4	0.23	0.23	0.16	0.09	0.55	WDC
BXP	0.43	0.4		-0.34	-0.14	0.71	0.32	0.07	BXP
RBC	-0.24	0.23	-0.34		0.52	-0.77	-0.37	0.64	RBC
FARO	-0.15	0.23	-0.14	0.52		-0.41	-0.51	0.66	FARO
LPCN	0.46	0.16	0.71	-0.77	-0.41		0.49	-0.27	LPCN
AIHS	0.23	0.09	0.32	-0.37	-0.51	0.49		-0.27	AIHS
MMSI	0.17	0.55	0.07	0.64	0.66	-0.27	-0.27		MMSI
	WETO	WDC	BXP	RBC	FARO	LPCN	AIHS	MMSI

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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

LPCN	+ 0.71	BXP
MMSI	+ 0.66	FARO
MMSI	+ 0.64	RBC
MMSI	+ 0.55	WDC
FARO	+ 0.52	RBC
WDC	+ 0.5	WETO

High negative correlations

LPCN	- 0.77	RBC
AIHS	- 0.51	FARO
LPCN	- 0.41	FARO
AIHS	- 0.37	RBC
RBC	- 0.34	BXP
MMSI	- 0.27	AIHS

Risk-Adjusted Indicators

There is a big difference between Almacenes Stock performing well and Almacenes Xito 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 Almacenes Xito'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
WETO	2.67	(0.06)	0.00	(0.25)	0.00	0.00	5.56	(10.00)	10.00
WDC	2.04	(0.07)	0.00	(0.12)	0.00	0.00	4.74	(5.06)	13.32
BXP	1.62	(0.13)	0.00	(0.18)	0.00	0.00	2.43	(3.90)	9.26
RBC	1.24	0.07	0.06	0.02	1.35	(1.44)	3.35	(2.42)	11.50
FARO	2.76	0.20	0.06	0.09	2.73	(3.26)	4.78	(4.20)	22.69
LPCN	3.22	(0.38)	0.00	(0.44)	0.00	0.00	5.80	(7.40)	21.22
AIHS	2.53	0.09	0.03	0.05	3.31	(3.14)	5.68	(6.54)	23.64
MMSI	1.22	0.05	0.00	(0.01)	0.00	0.00	2.91	(2.72)	7.42

Almacenes Xito Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Almacenes Xito stock to make a market-neutral strategy. Peer analysis of Almacenes Xito could also be used in its relative valuation, which is a method of valuing Almacenes Xito by comparing valuation metrics with similar companies.

Webus International Limited Western Digital Boston Properties RBC Bearings Incorporated FARO Technologies Lipocine Senmiao Technology Merit Medical Systems American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne CVS Health Corp

Risk & Return

Correlation

Almacenes Xito Corporate Management

Claudia Velasquez	General Affairs	Profile
Carlos Moreno	Chief Officer	Profile
Juan Calle	Vice Resources	Profile
Jorge Chica	Head Accountant	Profile

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