Corporativo GBM Correlations

Stocks . Mexico . 
Stock . Corporativo GBM SAB
GBMO Stock  MXN 9.60  0.12  1.23%   
The current 90-days correlation between Corporativo GBM SAB and Samsung Electronics Co is -0.07 (i.e., Good diversification). The correlation of Corporativo GBM 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Corporativo GBM Correlation With Market

Good diversification

The correlation between Corporativo GBM SAB and DJI is -0.18 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Corporativo GBM SAB and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Corporativo GBM could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Corporativo GBM 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 Corporativo GBM - 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 Corporativo GBM SAB to buy it.

Moving together with Corporativo Stock

  0.87SMSNN Samsung ElectronicsPairCorr
  0.61BABAN Alibaba Group HoldingPairCorr

Moving against Corporativo Stock

  0.91T ATT IncPairCorr
  0.85USB US BancorpPairCorr
  0.84LABB Genomma Lab InternacionalPairCorr
  0.8CTSH Cognizant TechnologyPairCorr
  0.78TRV The Travelers CompaniesPairCorr
  0.77SONYN Sony GroupPairCorr
  0.76CVX Chevron CorpPairCorr
  0.69BRKB Berkshire HathawayPairCorr
  0.65TSMN Taiwan SemiconductorPairCorr
  0.65MNST Monster Beverage CorpPairCorr
  0.65PG Procter Gamble DRCPairCorr
  0.54VLO Valero EnergyPairCorr
  0.35UTSI UTStarcom Holdings CorpPairCorr
  0.96NFLX NetflixPairCorr
  0.95WMT WalmartPairCorr
  0.95AMZN Amazon IncPairCorr
  0.93HBCN HSBC Holdings plcPairCorr
  0.93TSLA Tesla IncPairCorr
  0.91DIS Walt DisneyPairCorr
  0.91GT Goodyear TirePairCorr
  0.9DAL Delta Air LinesPairCorr
  0.85HON Honeywell InternationalPairCorr
  0.64AIG American InternationalPairCorr
  0.59BA BoeingPairCorr
  0.56NOV NOV IncPairCorr
  0.48MUX McEwen MiningPairCorr
  0.37KUOB Grupo KUO SABPairCorr
  0.35IDEALB-1 Impulsora del DesarrolloPairCorr

Related Correlations Analysis

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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   
BAC
+ 0.99
JPM
C
+ 0.96
BAC
C
+ 0.95
JPM
C
+ 0.89
HBCN
HBCN
+ 0.87
JPM
HBCN
+ 0.86
BAC
  
High negative correlations   
C
- 0.87
SMSNN
JPM
- 0.86
SMSNN
BAC
- 0.84
SMSNN
HBCN
- 0.81
SMSNN
TSMN
- 0.76
SMSNN

Risk-Adjusted Indicators

There is a big difference between Corporativo Stock performing well and Corporativo GBM 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 Corporativo GBM'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Corporativo GBM 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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Corporativo GBM Corporate Management

Elected by the shareholders, the Corporativo GBM's board of directors comprises two types of representatives: Corporativo GBM inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Corporativo. The board's role is to monitor Corporativo GBM's management team and ensure that shareholders' interests are well served. Corporativo GBM'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, Corporativo GBM's outside directors are responsible for providing unbiased perspectives on the board's policies.
Jose GuevaraChief Financial and Administrative OfficerProfile
Alfonso GmezChief GBMProfile
Sergio PaezHead AuditProfile
Gerardo GarcaChief ActivosProfile
Natalia DurnHead SecProfile
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