Grupo México Correlations

GMBXF Stock

USD 4.89 0.11 2.30%

The current 90-days correlation between Grupo Mxico SAB and Qubec Nickel Corp is 0.02 (i.e., Significant diversification). The correlation of Grupo México 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 México Correlation With Market

Significant diversification

The correlation between Grupo Mxico SAB and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Grupo Mxico SAB and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Grupo México 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 México 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 México - 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 Mxico SAB to buy it.

Moving together with Grupo Pink Sheet

0.7	BHPLF	BHP Group Limited	Pair Corr
0.71	RTNTF	Rio Tinto Group	Pair Corr
0.86	BHP	BHP Group Limited	Pair Corr
0.7	RTPPF	Rio Tinto Group	Pair Corr
0.83	RIO	Rio Tinto ADR	Pair Corr
0.83	GLCNF	Glencore PLC	Pair Corr
0.84	GLNCY	Glencore PLC ADR	Pair Corr
0.7	DD	Dupont De Nemours Fiscal Year End 4th of February 2025	Pair Corr
0.62	MCD	McDonalds Fiscal Year End 3rd of February 2025	Pair Corr

Moving against Grupo Pink Sheet

0.59	CTPR	CTPartners Executive	Pair Corr
0.47	DIS	Walt Disney Sell-off Trend	Pair Corr
0.41	WMT	Walmart Aggressive Push	Pair Corr
0.33	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.33	PG	Procter Gamble Sell-off Trend	Pair Corr

Related Correlations Analysis

	QNICF	IIDDY	AVRTF	ADTLF	BBBMF	ECORF	TORVF	BCMRF
QNICF		0.19	0.43	0.16	0.36	-0.06	-0.09	-0.26	QNICF
IIDDY	0.19		-0.46	0.66	0.1	0.07	-0.28	-0.61	IIDDY
AVRTF	0.43	-0.46		-0.17	0.43	0.09	-0.01	0.14	AVRTF
ADTLF	0.16	0.66	-0.17		0.64	0.03	-0.61	-0.81	ADTLF
BBBMF	0.36	0.1	0.43	0.64		-0.23	-0.5	-0.55	BBBMF
ECORF	-0.06	0.07	0.09	0.03	-0.23		0.05	0.0	ECORF
TORVF	-0.09	-0.28	-0.01	-0.61	-0.5	0.05		0.65	TORVF
BCMRF	-0.26	-0.61	0.14	-0.81	-0.55	0.0	0.65		BCMRF
	QNICF	IIDDY	AVRTF	ADTLF	BBBMF	ECORF	TORVF	BCMRF

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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

ADTLF	+ 0.66	IIDDY
BCMRF	+ 0.65	TORVF
BBBMF	+ 0.64	ADTLF
AVRTF	+ 0.43	QNICF
BBBMF	+ 0.43	AVRTF
BBBMF	+ 0.36	QNICF

High negative correlations

BCMRF	- 0.81	ADTLF
TORVF	- 0.61	ADTLF
BCMRF	- 0.61	IIDDY
BCMRF	- 0.55	BBBMF
TORVF	- 0.5	BBBMF
AVRTF	- 0.46	IIDDY

Risk-Adjusted Indicators

There is a big difference between Grupo Pink Sheet performing well and Grupo México 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 México'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
QNICF	2.95	(0.39)	0.00	(0.05)	0.00	0.00	3.50	0.00	133.99
IIDDY	0.92	0.18	0.00	0.63	0.00	0.00	0.00	0.00	20.69
AVRTF	2.53	(1.33)	0.00	(10.69)	0.00	0.00	0.00	0.00	84.29
ADTLF	1.81	0.45	0.06	3.02	1.90	(4.73)	5.20	(4.49)	25.51
BBBMF	18.16	7.44	0.00	1.24	0.00	0.00	0.00	0.00	667.47
ECORF	5.38	(0.23)	0.00	(0.05)	0.00	0.00	21.48	(17.24)	57.11
TORVF	7.72	1.08	0.04	(0.98)	10.38	(20.56)	24.53	(21.91)	97.99
BCMRF	4.58	0.45	0.00	3.57	0.00	0.00	20.00	(16.67)	78.09

Be your own money manager

Our tools can tell you how much better you can do entering a position in Grupo México 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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Lillie Minor	G Sec	Profile
Jorge Abreu	Commercial Director	Profile
Francisco Gonzalez	Managing Division	Profile
Lourdes Bezaury	Director Relations	Profile

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