Grupo Mexicano Correlations
| GMD Stock | MXN 10.49 0.00 0.00% |
The current 90-days correlation between Grupo Mexicano de and Gruma SAB de is 0.21 (i.e., Modest diversification). The correlation of Grupo Mexicano 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.
Grupo Mexicano Correlation With Market
Significant diversification
The correlation between Grupo Mexicano de and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Grupo Mexicano de and DJI in the same portfolio, assuming nothing else is changed.
Grupo |
The ability to find closely correlated positions to Grupo Mexicano 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 Mexicano 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 Mexicano - 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 Mexicano de to buy it.
Moving together with Grupo Stock
Moving against Grupo Stock
| 0.88 | WMT | Walmart | PairCorr |
| 0.86 | AAPL | Apple Inc | PairCorr |
| 0.86 | HBCN | HSBC Holdings plc | PairCorr |
| 0.83 | SONYN | Sony Group | PairCorr |
| 0.8 | DIS | Walt Disney | PairCorr |
| 0.75 | DAL | Delta Air Lines | PairCorr |
| 0.72 | AIG | American International | PairCorr |
| 0.71 | CTSH | Cognizant Technology | PairCorr |
| 0.69 | LABB | Genomma Lab Internacional | PairCorr |
| 0.65 | TSMN | Taiwan Semiconductor | PairCorr |
| 0.44 | PG | Procter Gamble DRC | PairCorr |
| 0.44 | MNST | Monster Beverage Corp | PairCorr |
| 0.94 | TSLA | Tesla Inc | PairCorr |
| 0.93 | AMZN | Amazon Inc | PairCorr |
| 0.89 | NFLX | Netflix | PairCorr |
| 0.77 | BA | Boeing | PairCorr |
| 0.76 | HON | Honeywell International | PairCorr |
| 0.74 | NOV | NOV Inc | PairCorr |
| 0.74 | T | ATT Inc | PairCorr |
| 0.73 | USB | US Bancorp | PairCorr |
| 0.72 | TRV | The Travelers Companies | PairCorr |
| 0.68 | GT | Goodyear Tire | PairCorr |
| 0.43 | BRKB | Berkshire Hathaway | PairCorr |
| 0.38 | CVX | Chevron Corp | PairCorr |
| 0.37 | KUOB | Grupo KUO SAB | PairCorr |
| 0.32 | MUX | McEwen Mining | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Grupo Stock performing well and Grupo Mexicano 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 Mexicano'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| GMEXICOB | 1.59 | (0.08) | 0.00 | (0.10) | 0.00 | 3.27 | 9.08 | |||
| FEMSAUBD | 1.00 | (0.13) | 0.00 | 1.30 | 0.00 | 1.78 | 4.63 | |||
| CEMEXCPO | 1.65 | (0.11) | 0.00 | (0.27) | 0.00 | 3.54 | 13.03 | |||
| GRUMAB | 1.12 | (0.15) | 0.00 | (2.31) | 0.00 | 2.40 | 9.31 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Grupo Mexicano 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 Pair Correlation Now
Pair CorrelationCompare performance and examine fundamental relationship between any two equity instruments |
| All Next | Launch Module |
Grupo Mexicano Corporate Management
Elected by the shareholders, the Grupo Mexicano's board of directors comprises two types of representatives: Grupo Mexicano 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 Mexicano's management team and ensure that shareholders' interests are well served. Grupo Mexicano'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 Mexicano's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Josu Gmez | Legal Mang | Profile | |
| Engineer Zavala | Gen Director | Profile | |
| Engineer Amador | Deputy Director | Profile | |
| Federico Peressini | Corporate Chief Financial and Administrative Officer | Profile |