FOMECONMEXSAB DCV Correlations

FOMC Stock

EUR 8.15 0.10 1.24%

The current 90-days correlation between FOMECONMEXSAB DCV UTS and Zurich Insurance Group is -0.05 (i.e., Good diversification). The correlation of FOMECONMEXSAB DCV 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.

FOMECONMEXSAB DCV Correlation With Market

Average diversification

The correlation between FOMECONMEXSAB DCV UTS and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding FOMECONMEXSAB DCV UTS and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with FOMECONMEXSAB Stock

0.83	HNK2	HEINEKEN SP ADR	Pair Corr
0.8	4H5	Heineken Holding	Pair Corr
0.68	CBGB	Carlsberg A/S	Pair Corr
0.73	ABW	Asahi Group Holdings	Pair Corr
0.71	KIR	Kirin Holdings	Pair Corr
0.7	ADC	AdCapital AG	Pair Corr

Moving against FOMECONMEXSAB Stock

0.84	LIE	Sun Life Financial	Pair Corr
0.73	74G	DIVIDEND GROWTH SPLIT	Pair Corr

Related Correlations Analysis

	ZFI1	D1LN	2OX	WN6	7XJ	7QG	WN6	S49
ZFI1		0.14	0.78	0.8	0.59	0.61	0.82	0.63	ZFI1
D1LN	0.14		-0.12	-0.03	-0.27	-0.17	0.03	-0.13	D1LN
2OX	0.78	-0.12		0.89	0.85	0.63	0.89	0.88	2OX
WN6	0.8	-0.03	0.89		0.66	0.57	0.96	0.76	WN6
7XJ	0.59	-0.27	0.85	0.66		0.49	0.69	0.84	7XJ
7QG	0.61	-0.17	0.63	0.57	0.49		0.59	0.51	7QG
WN6	0.82	0.03	0.89	0.96	0.69	0.59		0.78	WN6
S49	0.63	-0.13	0.88	0.76	0.84	0.51	0.78		S49
	ZFI1	D1LN	2OX	WN6	7XJ	7QG	WN6	S49

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

WN6	+ 0.96	WN6
WN6	+ 0.89	2OX
WN6	+ 0.89	2OX
S49	+ 0.88	2OX
7XJ	+ 0.85	2OX
S49	+ 0.84	7XJ

High negative correlations

7XJ	- 0.27	D1LN
7QG	- 0.17	D1LN
S49	- 0.13	D1LN
2OX	- 0.12	D1LN
WN6	- 0.03	D1LN

Risk-Adjusted Indicators

There is a big difference between FOMECONMEXSAB Stock performing well and FOMECONMEXSAB DCV 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 FOMECONMEXSAB DCV'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
ZFI1	1.50	0.25	0.06	5.03	1.52	(2.32)	4.51	(3.62)	8.83
D1LN	2.11	0.31	0.12	0.47	1.88	(3.00)	3.65	(3.64)	19.05
2OX	1.78	0.63	0.35	1.20	1.13	(2.16)	4.90	(2.78)	15.23
WN6	1.03	0.09	0.04	0.23	0.94	(1.66)	2.65	(2.59)	6.16
7XJ	1.83	0.26	0.05	(0.81)	1.76	(2.48)	4.55	(3.31)	12.54
7QG	1.71	0.21	0.04	16.13	1.86	(2.31)	4.96	(4.05)	11.58
WN6	1.07	0.20	0.05	(2.19)	1.04	(1.61)	2.73	(1.79)	6.24
S49	1.64	0.28	0.04	(0.39)	1.68	(2.69)	3.60	(3.09)	14.49

Be your own money manager

Our tools can tell you how much better you can do entering a position in FOMECONMEXSAB DCV 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 Correlation Analysis Now

Correlation Analysis

Reduce portfolio risk simply by holding instruments which are not perfectly correlated

All Next

Launch Module

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