Controladora Vuela Correlations

Stocks . Germany . 
Stock . Controladora Vuela Compaa
2CDA Stock  EUR 7.60  0.05  0.66%   
The current 90-days correlation between Controladora Vuela Compaa and Transportadora de Gas is -0.14 (i.e., Good diversification). The correlation of Controladora Vuela 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.

Controladora Vuela Correlation With Market

Good diversification

The correlation between Controladora Vuela Compaa 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 Controladora Vuela Compaa and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Controladora Vuela could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Controladora Vuela 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 Controladora Vuela - 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 Controladora Vuela Compaa to buy it.

Moving together with Controladora Stock

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  0.84AD2B AIR CHINA LTDPairCorr
  0.87SWN Southwest AirlinesPairCorr
  0.81ZNHH China Southern AirlinesPairCorr
  0.93RY4C Ryanair Holdings plcPairCorr
  0.92RY4C Ryanair Holdings plcPairCorr
  0.836GAA Grupo Aval AccionesPairCorr
  0.846GAA Grupo Aval AccionesPairCorr
  0.93MFZA Mitsubishi UFJ FinancialPairCorr
  0.86UFH US Foods HoldingPairCorr
  0.91MAQ Marriott InternationalPairCorr
  0.83EC Eaton PLCPairCorr
  0.76BRYN Berkshire HathawayPairCorr
  0.85KEY KeyCorpPairCorr
  0.87DC4 DexCom IncPairCorr
  0.91BZZ Bank of MontrealPairCorr
  0.8HDFA HDFC Bank LimitedPairCorr
  0.92H0O REVO INSURANCE SPAPairCorr
  0.83TM5 T MobilePairCorr
  0.89OCBA Oversea Chinese BankingPairCorr
  0.621DH Clarkson PLCPairCorr
  0.64SIX2 Sixt SEPairCorr

Moving against Controladora Stock

  0.91HYU Hyundai MotorPairCorr
  0.91HYU Hyundai MotorPairCorr
  0.9HYU Hyundai MotorPairCorr
  0.48ECHA Ecopetrol SAPairCorr
  0.48ECHA Ecopetrol SAPairCorr
  0.31DFXN SIERRA METALSPairCorr
  0.56CN6 BII Railway TransporPairCorr

Related Correlations Analysis

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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   
PYA
+ 0.95
T2K1
2XT
+ 0.89
PYA
CUW
+ 0.85
PYA
CUW
+ 0.83
T2K1
2XT
+ 0.8
T2K1
2XT
+ 0.8
CUW
  
High negative correlations   
AMK
- 0.72
T2K1
AMK
- 0.66
PYA
AMK
- 0.57
2XT
AMK
- 0.53
CUW
AMK
- 0.4
D2V
AMK
- 0.05
SCG

Risk-Adjusted Indicators

There is a big difference between Controladora Stock performing well and Controladora Vuela 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 Controladora Vuela'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.

Be your own money manager

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

Elected by the shareholders, the Controladora Vuela's board of directors comprises two types of representatives: Controladora Vuela inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Controladora. The board's role is to monitor Controladora Vuela's management team and ensure that shareholders' interests are well served. Controladora Vuela'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, Controladora Vuela's outside directors are responsible for providing unbiased perspectives on the board's policies.
Daniel GelemovichDirector DigitalProfile
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Jose DuranChief OfficerProfile
Jaime FernandezVP CFOProfile
Enrique MejicanoCEO PresProfile
Renato SalomoneSr DirectorProfile
Holger BlankensteinEx OperationsProfile
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