Grupo Simec Correlations

SIM Stock

USD 26.64 0.18 0.67%

The current 90-days correlation between Grupo Simec SAB and Outokumpu Oyj ADR is 0.13 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Grupo Simec moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Grupo Simec SAB moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Grupo Simec Correlation With Market

Average diversification

The correlation between Grupo Simec SAB and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Grupo Simec SAB and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Grupo Simec SAB. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving against Grupo Stock

0.58	NB	NioCorp Developments	Pair Corr
0.48	HMY	Harmony Gold Mining	Pair Corr
0.45	AU	AngloGold Ashanti plc	Pair Corr
0.44	KGC	Kinross Gold Aggressive Push	Pair Corr
0.43	IAG	IAMGold	Pair Corr
0.43	MP	MP Materials Corp	Pair Corr
0.42	X	United States Steel	Pair Corr
0.39	CX	Cemex SAB de	Pair Corr
0.38	AGI	Alamos Gold Sell-off Trend	Pair Corr
0.37	HL	Hecla Mining	Pair Corr
0.33	NGD	New Gold	Pair Corr
0.31	DC	Dakota Gold Corp	Pair Corr
0.51	USARW	USARW Symbol Change	Pair Corr
0.37	VZLA	Vizsla Resources Corp	Pair Corr
0.36	ENFY	Enlightify Symbol Change	Pair Corr
0.32	RS	Reliance Steel Aluminum	Pair Corr
0.31	MTUS	Metallus,	Pair Corr
0.31	NGVT	Ingevity Corp	Pair Corr

Related Correlations Analysis

	ACNT	SCHN	MSB	ASTL	ZEUS	USAP	PKX	OUTKY	BLSFY
ACNT		0.0	-0.11	-0.14	0.16	0.0	0.58	0.56	0.2	ACNT
SCHN	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	SCHN
MSB	-0.11	0.0		-0.52	0.16	0.0	0.3	0.33	0.75	MSB
ASTL	-0.14	0.0	-0.52		0.42	0.0	-0.67	-0.33	-0.74	ASTL
ZEUS	0.16	0.0	0.16	0.42		0.0	-0.21	0.35	0.09	ZEUS
USAP	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	USAP
PKX	0.58	0.0	0.3	-0.67	-0.21	0.0		0.55	0.51	PKX
OUTKY	0.56	0.0	0.33	-0.33	0.35	0.0	0.55		0.61	OUTKY
BLSFY	0.2	0.0	0.75	-0.74	0.09	0.0	0.51	0.61		BLSFY
	ACNT	SCHN	MSB	ASTL	ZEUS	USAP	PKX	OUTKY	BLSFY

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

BLSFY	+ 0.75	MSB
BLSFY	+ 0.61	OUTKY
PKX	+ 0.58	ACNT
OUTKY	+ 0.56	ACNT
OUTKY	+ 0.55	PKX
BLSFY	+ 0.51	PKX

High negative correlations

BLSFY	- 0.74	ASTL
PKX	- 0.67	ASTL
ASTL	- 0.52	MSB
OUTKY	- 0.33	ASTL
PKX	- 0.21	ZEUS
ASTL	- 0.14	ACNT

Risk-Adjusted Indicators

There is a big difference between Grupo Stock performing well and Grupo Simec 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 Simec'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
ACNT	1.19	0.26	0.28	(3.35)	0.94	(1.54)	3.61	(2.00)	6.74
SCHN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MSB	2.81	0.53	0.12	0.48	4.06	(2.76)	6.25	(6.42)	23.92
ASTL	2.45	(0.55)	0.00	(0.50)	0.00	0.00	4.59	(5.66)	18.38
ZEUS	1.99	(0.19)	0.00	(0.26)	0.00	0.00	3.32	(4.65)	13.58
USAP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PKX	1.79	0.31	0.14	0.32	2.03	(1.89)	4.76	(3.58)	11.46
OUTKY	1.78	0.58	0.00	1.97	0.00	0.00	8.43	(6.08)	15.00
BLSFY	2.28	0.21	0.06	0.17	2.88	(3.17)	5.04	(6.79)	20.68

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC