Controladora Vuela Correlations

2CDA Stock

EUR 7.40 0.40 5.13%

The current 90-days correlation between Controladora Vuela Compaa and Japan Securities Finance is 0.16 (i.e., Average 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

Very poor diversification

The correlation between Controladora Vuela Compaa and DJI is 0.89 (i.e., Very poor 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

0.71	FTD	FINDE TUBIZE ACTNOUV	Pair Corr
0.7	EIS	Eisen und Httenwerke	Pair Corr
0.64	T1A	Treasure ASA	Pair Corr
0.85	32GA	Thunderbird Entertainment	Pair Corr
0.8	KU1	Kulicke and Soffa	Pair Corr
0.72	P7T	PT Bank Pembangunan	Pair Corr
0.65	RBG	ROTTNEROS	Pair Corr
0.68	B1C	Baidu Inc Earnings Call Today	Pair Corr
0.74	CE9	CAE Inc	Pair Corr
0.9	ODF	Old Dominion Freight	Pair Corr
0.81	IXD2	INDDDTEXTUNSPADR	Pair Corr
0.69	TOTB	TotalEnergies SE	Pair Corr
0.69	ECK	LUDWIG BECK	Pair Corr
0.82	1WT	WisdomTree Investments	Pair Corr
0.86	GWW	WW Grainger	Pair Corr
0.79	0XHR	Xenia Hotels Resorts	Pair Corr
0.9	NOEJ	Norma Group AG	Pair Corr
0.74	4QVA	Siamgas and Petroche	Pair Corr
0.61	RE3	Richardson Electronics	Pair Corr
0.64	DYF1	Dynavax Technologies	Pair Corr
0.73	CI9	CITIC SECURITIES-H-	Pair Corr
0.9	DBK	Deutsche Bank Aktien	Pair Corr
0.69	RGPB	Reinsurance Group	Pair Corr
0.8	4OQ1	AGNC Investment Corp	Pair Corr
0.82	HY9H	SK hynix	Pair Corr

Moving against Controladora Stock

0.76	HETA	KHD Humboldt Wedag	Pair Corr
0.45	W060	ByggmÃ¤stare Anders	Pair Corr
0.37	06L	PT Global Mediacom	Pair Corr
0.84	DBPD	Xtrackers ShortDAX	Pair Corr

Related Correlations Analysis

	PQ90	PQ9	BYRA	6GAA	KSF1	KBIA	LFL0	2WGA	BSA	JSE
PQ90		0.32	-0.11	-0.03	0.35	0.36	0.09	0.41	0.2	0.34	PQ90
PQ9	0.32		0.06	-0.08	0.23	0.25	0.01	0.31	0.14	0.23	PQ9
BYRA	-0.11	0.06		0.46	0.34	0.31	0.46	0.32	0.47	0.37	BYRA
6GAA	-0.03	-0.08	0.46		0.38	0.41	0.81	0.34	0.76	0.49	6GAA
KSF1	0.35	0.23	0.34	0.38		0.97	0.52	0.96	0.71	0.82	KSF1
KBIA	0.36	0.25	0.31	0.41	0.97		0.55	0.97	0.72	0.85	KBIA
LFL0	0.09	0.01	0.46	0.81	0.52	0.55		0.51	0.92	0.78	LFL0
2WGA	0.41	0.31	0.32	0.34	0.96	0.97	0.51		0.69	0.84	2WGA
BSA	0.2	0.14	0.47	0.76	0.71	0.72	0.92	0.69		0.85	BSA
JSE	0.34	0.23	0.37	0.49	0.82	0.85	0.78	0.84	0.85		JSE
	PQ90	PQ9	BYRA	6GAA	KSF1	KBIA	LFL0	2WGA	BSA	JSE

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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

KBIA	+ 0.97	KSF1
2WGA	+ 0.97	KBIA
2WGA	+ 0.96	KSF1
BSA	+ 0.92	LFL0
JSE	+ 0.85	KBIA
JSE	+ 0.85	BSA

High negative correlations

BYRA	- 0.11	PQ90
6GAA	- 0.08	PQ9
6GAA	- 0.03	PQ90

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
PQ90	3.05	0.31	0.04	5.33	4.00	(3.92)	11.49	(9.09)	42.92
PQ9	5.54	0.93	0.06	(0.27)	6.01	(10.84)	18.18	(14.29)	40.26
BYRA	3.54	0.35	0.02	(0.15)	3.96	(7.53)	11.11	(10.00)	26.67
6GAA	1.88	0.19	0.02	(0.47)	2.13	(2.31)	5.31	(4.10)	20.33
KSF1	1.96	0.44	0.14	(1.61)	1.92	(2.44)	5.33	(3.37)	11.97
KBIA	1.69	0.44	0.19	0.83	1.40	(2.37)	4.81	(2.67)	11.24
LFL0	2.01	0.31	0.10	0.58	2.22	(2.40)	3.85	(4.39)	13.43
2WGA	2.41	0.57	0.18	1.89	2.31	(3.08)	5.88	(3.73)	19.36
BSA	2.10	0.29	0.06	(20.14)	2.72	(2.28)	4.38	(4.51)	14.55
JSE	1.16	0.31	0.16	0.87	1.11	(1.46)	2.75	(1.87)	7.34

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 Gelemovich	Director Digital	Profile
Jose Gutierrez	VP Officer	Profile
Jose Duran	Chief Officer	Profile
Dionisio Friscione	Vice Affairs	Profile

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