Industria Correlations

IDEXF Stock

USD 52.52 0.87 1.68%

The current 90-days correlation between Industria de Diseo and Fast Retailing Co is -0.2 (i.e., Good diversification). The correlation of Industria 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.

Industria Correlation With Market

Good diversification

The correlation between Industria de Diseo and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Industria de Diseo and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Industria could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Industria 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 Industria - 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 Industria de Diseo to buy it.

Moving together with Industria Pink Sheet

0.92	IDEXY	Industria de Diseno	Pair Corr
0.61	RMGCU	RMG Acquisition Corp	Pair Corr

Moving against Industria Pink Sheet

0.76	PPYA	Papaya Growth Opportunity	Pair Corr
0.7	TSLA	Tesla Inc Sell-off Trend	Pair Corr
0.64	RITM-PC	Rithm Capital Corp	Pair Corr
0.6	LULU	Lululemon Athletica	Pair Corr
0.6	FNMA	Federal National Mortgage Trending	Pair Corr
0.55	AIBBU	AIB Acquisition Corp	Pair Corr
0.51	NXGPF	NEXT plc	Pair Corr
0.49	AAPL	Apple Inc	Pair Corr
0.47	MC	Moelis	Pair Corr
0.46	DIS	Walt Disney	Pair Corr
0.45	GS	Goldman Sachs Group Earnings Call This Week	Pair Corr
0.42	PRMRF	Paramount Resources	Pair Corr
0.42	MCK	McKesson	Pair Corr
0.41	DSGN	Design Therapeutics	Pair Corr
0.4	TJX	TJX Companies	Pair Corr
0.36	KKR	KKR Co LP	Pair Corr
0.8	GOOGL	Alphabet Class A Aggressive Push	Pair Corr
0.69	SMWB	SimilarWeb	Pair Corr
0.62	TNXP	Tonix Pharmaceuticals	Pair Corr
0.6	PAM	Pampa Energia SA	Pair Corr
0.59	VRSN	VeriSign	Pair Corr
0.55	SHOP	Shopify	Pair Corr
0.55	BKSY	Blacksky Technology	Pair Corr
0.52	EHGO	Eshallgo Class A	Pair Corr
0.48	REFI	Chicago Atlantic Real	Pair Corr

Related Correlations Analysis

	FRCOY	TJX	ROST	URBN	BOOT	ZUMZ	AMKYF	FRCOF	BURL	BKE
FRCOY		0.19	0.47	0.23	0.62	0.13	0.0	0.7	0.15	0.11	FRCOY
TJX	0.19		0.81	0.74	-0.09	-0.1	0.0	-0.4	0.94	0.96	TJX
ROST	0.47	0.81		0.8	0.35	-0.21	0.0	-0.18	0.83	0.8	ROST
URBN	0.23	0.74	0.8		0.16	-0.62	0.0	-0.27	0.86	0.85	URBN
BOOT	0.62	-0.09	0.35	0.16		-0.01	0.0	0.53	-0.01	-0.12	BOOT
ZUMZ	0.13	-0.1	-0.21	-0.62	-0.01		0.0	0.24	-0.3	-0.28	ZUMZ
AMKYF	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	AMKYF
FRCOF	0.7	-0.4	-0.18	-0.27	0.53	0.24	0.0		-0.43	-0.46	FRCOF
BURL	0.15	0.94	0.83	0.86	-0.01	-0.3	0.0	-0.43		0.97	BURL
BKE	0.11	0.96	0.8	0.85	-0.12	-0.28	0.0	-0.46	0.97		BKE
	FRCOY	TJX	ROST	URBN	BOOT	ZUMZ	AMKYF	FRCOF	BURL	BKE

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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

BKE	+ 0.97	BURL
BKE	+ 0.96	TJX
BURL	+ 0.94	TJX
BURL	+ 0.86	URBN
BKE	+ 0.85	URBN
BURL	+ 0.83	ROST

High negative correlations

ZUMZ	- 0.62	URBN
BKE	- 0.46	FRCOF
BURL	- 0.43	FRCOF
FRCOF	- 0.4	TJX
BURL	- 0.3	ZUMZ
BKE	- 0.28	ZUMZ

Risk-Adjusted Indicators

There is a big difference between Industria Pink Sheet performing well and Industria 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 Industria'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
FRCOY	1.33	(0.06)	0.00	(0.26)	0.00	0.00	2.66	(3.15)	9.37
TJX	0.72	0.08	0.07	0.29	0.82	(0.75)	1.42	(1.48)	5.03
ROST	1.06	0.09	0.05	0.24	1.31	(1.10)	2.25	(2.35)	7.28
URBN	1.86	0.68	0.40	2.63	1.25	(2.35)	4.35	(2.30)	22.12
BOOT	1.88	(0.01)	(0.01)	(0.01)	3.96	(1.83)	5.01	(3.12)	22.20
ZUMZ	2.39	(0.24)	0.00	(0.24)	0.00	0.00	5.80	(4.72)	17.49
AMKYF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FRCOF	0.74	(0.15)	0.00	(5.49)	0.00	0.00	1.75	(5.33)	12.31
BURL	1.41	0.12	0.05	0.31	1.90	(1.33)	2.37	(2.89)	7.93
BKE	1.35	0.23	0.16	0.54	1.29	(1.59)	3.14	(2.31)	9.60

Be your own money manager

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

Oscar Maceiras	CEO Director	Profile
James OShaughnessy	Investor Mang	Profile
Ignacio Fernndez	Chief Officer	Profile
Javier Daz	Gen Board	Profile
Carlos Gonzlez	Sustainable Operations	Profile

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