Grupo Aeroportuario Correlations
| G9N1 Stock | EUR 17.90 0.40 2.19% |
The current 90-days correlation between Grupo Aeroportuario del and Norsk Hydro ASA is 0.11 (i.e., Average diversification). The correlation of Grupo Aeroportuario 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.
Grupo Aeroportuario Correlation With Market
Average diversification
The correlation between Grupo Aeroportuario del and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Grupo Aeroportuario del and DJI in the same portfolio, assuming nothing else is changed.
Grupo |
The ability to find closely correlated positions to Grupo Aeroportuario could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Grupo Aeroportuario 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 Grupo Aeroportuario - 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 Grupo Aeroportuario del to buy it.
Moving together with Grupo Stock
| 0.63 | TX3A | Airports of Thailand | PairCorr |
| 0.63 | NYVQ | Airports of Thailand | PairCorr |
| 0.63 | R1D | AerCap Holdings NV | PairCorr |
| 0.82 | G9N | Grupo Aeroportuario del | PairCorr |
| 0.69 | BAC | Verizon Communications | PairCorr |
| 0.63 | E908 | Lyxor 1 | PairCorr |
Moving against Grupo Stock
| 0.63 | BYRA | PT Bank Rakyat | PairCorr |
| 0.54 | DBPD | Xtrackers ShortDAX | PairCorr |
| 0.48 | OB8 | PT Barito Pacific | PairCorr |
| 0.4 | C4X | Onxeo SA | PairCorr |
| 0.35 | TCID | Telkom Indonesia Tbk | PairCorr |
| 0.31 | BZG2 | PT Bank Central | PairCorr |
| 0.31 | NVPJ | TMBThanachart Bank Public | PairCorr |
Related Correlations Analysis
| 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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Grupo Stock performing well and Grupo Aeroportuario 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 Grupo Aeroportuario'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| A44 | 0.78 | 0.11 | (0.02) | (0.94) | 0.92 | 1.77 | 4.50 | |||
| 8SP | 2.08 | (0.11) | 0.00 | (2.31) | 0.00 | 3.36 | 20.22 | |||
| 2DG | 4.79 | (1.23) | 0.00 | (0.41) | 0.00 | 9.09 | 52.42 | |||
| NOH1 | 2.04 | 0.31 | 0.14 | 0.62 | 1.72 | 6.61 | 12.96 | |||
| RS6 | 1.32 | 0.23 | 0.10 | 1.39 | 1.15 | 2.94 | 13.65 | |||
| XYTA | 11.71 | 3.32 | 0.09 | (1.83) | 10.47 | 33.33 | 233.33 | |||
| 9K1 | 1.57 | (0.29) | 0.00 | 1.97 | 0.00 | 2.94 | 14.80 | |||
| 3RKU | 1.55 | 0.29 | 0.10 | 1.68 | 1.49 | 3.25 | 9.52 | |||
| VUSA | 0.55 | 0.12 | 0.12 | 0.25 | 0.43 | 1.27 | 6.02 | |||
| MEL | 1.04 | 0.16 | 0.05 | 1.30 | 1.02 | 2.95 | 7.09 |
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| All Next | Launch Module |
Grupo Aeroportuario Corporate Management
Elected by the shareholders, the Grupo Aeroportuario's board of directors comprises two types of representatives: Grupo Aeroportuario inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Grupo. The board's role is to monitor Grupo Aeroportuario's management team and ensure that shareholders' interests are well served. Grupo Aeroportuario'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, Grupo Aeroportuario's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Sergio Ochoa | G Sec | Profile | |
| Saul Garcia | Chief Officer | Profile | |
| Alejandra Soto | Investor Mang | Profile | |
| Raul Musalem | Chief Officer | Profile | |
| Jose Sanchez | Chief Revenues | Profile |