Grupo Televisa Correlations

TV Stock

USD 1.96 0.02 1.03%

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

Average diversification

The correlation between Grupo Televisa SAB and DJI is 0.11 (i.e., Average 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

0.75	BATRA	Atlanta Braves Holdings,	Pair Corr
0.79	BATRK	Atlanta Braves Holdings,	Pair Corr
0.78	NWS	News Corp B	Pair Corr
0.75	WMG	Warner Music Group	Pair Corr
0.82	NWSA	News Corp A	Pair Corr
0.64	IQ	iQIYI Inc	Pair Corr
0.79	TU	Telus Corp	Pair Corr
0.65	VZ	Verizon Communications Aggressive Push	Pair Corr

Moving against Grupo Stock

0.61	TC	TuanChe ADR	Pair Corr
0.58	WIMI	WiMi Hologram Cloud	Pair Corr
0.39	OB	Outbrain Earnings Call Tomorrow	Pair Corr
0.36	DRCT	Direct Digital Holdings	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		0.56	0.52	0.34	0.54	0.48	0.18	-0.17	0.6	VIV
TEF	0.0	0.56		0.77	0.74	0.86	0.15	0.67	0.09	0.29	TEF
LBRDA	0.0	0.52	0.77		0.79	0.77	0.22	0.66	0.4	0.1	LBRDA
SKM	0.0	0.34	0.74	0.79		0.61	0.47	0.65	0.35	0.1	SKM
AMX	0.0	0.54	0.86	0.77	0.61		0.05	0.58	0.17	0.21	AMX
KT	0.0	0.48	0.15	0.22	0.47	0.05		0.18	0.04	0.39	KT
VOD	0.0	0.18	0.67	0.66	0.65	0.58	0.18		0.5	-0.1	VOD
TLK	0.0	-0.17	0.09	0.4	0.35	0.17	0.04	0.5		-0.1	TLK
PHI	0.0	0.6	0.29	0.1	0.1	0.21	0.39	-0.1	-0.1		PHI
	ORAN	VIV	TEF	LBRDA	SKM	AMX	KT	VOD	TLK	PHI

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

AMX	+ 0.86	TEF
SKM	+ 0.79	LBRDA
LBRDA	+ 0.77	TEF
AMX	+ 0.77	LBRDA
SKM	+ 0.74	TEF
VOD	+ 0.67	TEF

High negative correlations

TLK	- 0.17	VIV
PHI	- 0.1	TLK
PHI	- 0.1	VOD
PHI	- 0.0	ORAN
TLK	- 0.0	ORAN
VOD	- 0.0	ORAN

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	0.02	0.01	0.03	1.99	(1.59)	3.20	(3.11)	8.12
TEF	0.88	0.04	0.04	0.17	0.99	(0.96)	1.88	(1.50)	4.24
LBRDA	1.33	(0.10)	0.00	(0.15)	0.00	0.00	2.80	(3.12)	10.78
SKM	0.95	0.04	0.04	0.06	1.08	(1.00)	2.63	(1.72)	6.54
AMX	1.21	(0.06)	0.00	0.31	0.00	0.00	2.81	(3.33)	7.32
KT	1.23	0.23	0.15	0.25	1.27	(1.35)	2.83	(2.45)	9.50
VOD	1.00	0.01	0.01	0.05	1.21	(1.20)	2.39	(2.38)	6.84
TLK	1.72	0.03	0.01	0.06	2.21	(1.76)	4.41	(2.99)	10.75
PHI	0.80	0.10	0.08	0.24	1.13	(0.81)	1.53	(1.97)	5.26

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