Grupo Financiero Correlations

GGAL Stock

USD 58.95 1.21 2.10%

The current 90-days correlation between Grupo Financiero Galicia and BBVA Banco Frances is 0.94 (i.e., Almost no diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Grupo Financiero moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Grupo Financiero Galicia moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Grupo Financiero Correlation With Market

Modest diversification

The correlation between Grupo Financiero Galicia 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 Grupo Financiero Galicia and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Grupo Financiero Galicia. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with Grupo Stock

0.65	AX	Axos Financial	Pair Corr
0.8	KB	KB Financial Group	Pair Corr
0.67	VBNK	VersaBank	Pair Corr
0.91	EFSI	Eagle Financial Services	Pair Corr
0.62	WAFDP	Washington Federal	Pair Corr

Moving against Grupo Stock

0.81	EBMT	Eagle Bancorp Montana	Pair Corr
0.71	TECTP	Tectonic Financial	Pair Corr
0.64	WF	Woori Financial Group	Pair Corr
0.52	ECBK	ECB Bancorp	Pair Corr
0.49	VBFC	Village Bank	Pair Corr
0.39	TFC-PO	Truist Financial	Pair Corr
0.37	TFC-PI	Truist Financial	Pair Corr
0.72	OCFCP	OceanFirst Financial Corp	Pair Corr
0.65	BANC-PF	Banc of California	Pair Corr
0.55	WSBCP	WesBanco	Pair Corr
0.54	KEY-PJ	KeyCorp	Pair Corr
0.52	KEY-PL	KeyCorp	Pair Corr
0.49	KEY-PK	KeyCorp	Pair Corr
0.49	WNEB	Western New England	Pair Corr
0.45	BANFP	BFC Capital Trust	Pair Corr
0.38	KEY-PI	KeyCorp	Pair Corr

Related Correlations Analysis

	SUPV	BBAR	ITUB	BBD	BMA	BBDO	AVAL	BSBR	LYG
SUPV		0.91	-0.64	-0.4	0.95	-0.45	-0.66	-0.49	-0.75	SUPV
BBAR	0.91		-0.39	-0.15	0.82	-0.17	-0.36	-0.2	-0.53	BBAR
ITUB	-0.64	-0.39		0.91	-0.79	0.9	0.87	0.93	0.88	ITUB
BBD	-0.4	-0.15	0.91		-0.57	0.95	0.74	0.95	0.66	BBD
BMA	0.95	0.82	-0.79	-0.57		-0.61	-0.75	-0.64	-0.87	BMA
BBDO	-0.45	-0.17	0.9	0.95	-0.61		0.81	0.95	0.71	BBDO
AVAL	-0.66	-0.36	0.87	0.74	-0.75	0.81		0.87	0.84	AVAL
BSBR	-0.49	-0.2	0.93	0.95	-0.64	0.95	0.87		0.75	BSBR
LYG	-0.75	-0.53	0.88	0.66	-0.87	0.71	0.84	0.75		LYG
	SUPV	BBAR	ITUB	BBD	BMA	BBDO	AVAL	BSBR	LYG

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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

BMA	+ 0.95	SUPV
BBDO	+ 0.95	BBD
BSBR	+ 0.95	BBD
BSBR	+ 0.95	BBDO
BSBR	+ 0.93	ITUB
BBAR	+ 0.91	SUPV

High negative correlations

LYG	- 0.87	BMA
BMA	- 0.79	ITUB
AVAL	- 0.75	BMA
LYG	- 0.75	SUPV
AVAL	- 0.66	SUPV
BSBR	- 0.64	BMA

Risk-Adjusted Indicators

There is a big difference between Grupo Stock performing well and Grupo Financiero 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 Financiero'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
SUPV	3.60	0.04	0.01	0.04	4.29	(3.89)	7.87	(7.26)	19.85
BBAR	3.37	0.13	0.03	0.13	3.98	(3.51)	6.64	(7.47)	22.77
ITUB	1.29	0.37	0.21	0.56	1.21	(1.54)	4.09	(1.96)	8.16
BBD	1.77	0.27	0.11	0.34	2.00	(2.17)	3.83	(3.38)	10.46
BMA	3.16	(0.28)	0.00	(0.30)	0.00	0.00	6.40	(6.40)	21.50
BBDO	1.77	0.21	0.08	0.42	2.27	(1.99)	3.17	(3.54)	9.14
AVAL	2.17	0.46	0.18	1.16	2.14	(2.65)	5.18	(3.73)	14.82
BSBR	1.78	0.28	0.12	0.49	2.05	(2.12)	4.42	(4.26)	9.51
LYG	1.48	0.53	0.28	0.50	1.35	(1.73)	4.41	(2.82)	10.36

Grupo Financiero Corporate Management

Diego Rivas	Chief Officer	Profile
Ezequiel Valls	Chief Officer	Profile
Adrian Pedemonte	Head Relations	Profile
Pablo Firvida	Investor Officer	Profile
Bruno Folino	Chief Officer	Profile
Jose Ronsini	Chief Financial and Administrative Officer	Profile

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