Grupo Televisa Correlations

TV Stock

USD 1.68 0.04 2.33%

The correlation of Grupo Televisa 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 Televisa Correlation With Market

Modest diversification

The correlation between Grupo Televisa SAB and DJI is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Grupo Televisa 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 Televisa 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 real.

Moving together with Grupo Stock

0.65	SE	Sea	Pair Corr
0.63	BATRK	Atlanta Braves Holdings,	Pair Corr
0.64	FOXA	Fox Corp Class	Pair Corr
0.78	NWS	News Corp B	Pair Corr
0.69	PSO	Pearson PLC ADR	Pair Corr
0.71	WMG	Warner Music Group Sell-off Trend	Pair Corr
0.61	MCHX	Marchex	Pair Corr

Moving against Grupo Stock

0.47	WLYB	John Wiley Sons	Pair Corr
0.45	WLY	John Wiley Sons	Pair Corr
0.43	HAO	Haoxi Health Technology	Pair Corr
0.35	WIMI	WiMi Hologram Cloud	Pair Corr
0.35	EEX	Emerald Expositions	Pair Corr
0.47	SBGI	Sinclair Broadcast	Pair Corr
0.45	DJCO	Daily Journal Corp	Pair Corr
0.41	EA	Electronic Arts	Pair Corr
0.35	CABO	Cable One	Pair Corr
0.35	DALN	Dallasnews Corp	Pair Corr

Related Correlations Analysis

	ORAN	VIV	TEF	LBRDA	SKM	AMX	KT	VOD	TLK	PHI
ORAN		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	ORAN
VIV	0.0		0.42	0.45	0.41	0.48	0.76	0.27	-0.35	0.61	VIV
TEF	0.0	0.42		0.71	0.26	0.34	0.67	0.86	-0.8	0.67	TEF
LBRDA	0.0	0.45	0.71		0.37	0.45	0.69	0.63	-0.49	0.64	LBRDA
SKM	0.0	0.41	0.26	0.37		0.45	0.3	-0.06	-0.04	0.21	SKM
AMX	0.0	0.48	0.34	0.45	0.45		0.2	0.08	-0.21	0.34	AMX
KT	0.0	0.76	0.67	0.69	0.3	0.2		0.69	-0.47	0.72	KT
VOD	0.0	0.27	0.86	0.63	-0.06	0.08	0.69		-0.66	0.56	VOD
TLK	0.0	-0.35	-0.8	-0.49	-0.04	-0.21	-0.47	-0.66		-0.49	TLK
PHI	0.0	0.61	0.67	0.64	0.21	0.34	0.72	0.56	-0.49		PHI
	ORAN	VIV	TEF	LBRDA	SKM	AMX	KT	VOD	TLK	PHI

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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

VOD	+ 0.86	TEF
KT	+ 0.76	VIV
PHI	+ 0.72	KT
LBRDA	+ 0.71	TEF
KT	+ 0.69	LBRDA
VOD	+ 0.69	KT

High negative correlations

TLK	- 0.8	TEF
TLK	- 0.66	VOD
PHI	- 0.49	TLK
TLK	- 0.49	LBRDA
TLK	- 0.47	KT
TLK	- 0.35	VIV

Risk-Adjusted Indicators

There is a big difference between Grupo Stock performing well and Grupo Televisa 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 Televisa'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
ORAN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
VIV	1.51	0.17	0.10	0.28	1.96	(1.66)	3.51	(3.16)	11.36
TEF	0.82	0.13	0.18	(8.59)	0.92	(0.90)	1.83	(1.48)	3.76
LBRDA	1.38	0.09	0.05	0.05	1.97	(1.34)	2.78	(3.12)	9.58
SKM	0.92	(0.03)	0.00	(0.12)	0.00	0.00	2.24	(1.72)	5.06
AMX	1.24	(0.09)	0.00	1.52	0.00	0.00	2.83	(3.33)	7.32
KT	1.02	0.18	0.17	0.22	0.96	(1.10)	2.04	(1.90)	6.92
VOD	1.06	0.19	0.18	0.86	1.09	(1.31)	2.79	(2.33)	6.88
TLK	1.72	(0.22)	0.00	(0.74)	0.00	0.00	3.91	(4.29)	11.21
PHI	1.00	0.07	0.07	0.21	1.48	(0.98)	1.81	(2.36)	8.54

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