Grupo Aeroportuario Correlations

AED Stock

EUR 24.80 0.80 3.33%

The current 90-days correlation between Grupo Aeroportuario del and Airports of Thailand is 0.14 (i.e., Average diversification). The correlation of Grupo Aeroportuario 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.

Grupo Aeroportuario Correlation With Market

Average diversification

The correlation between Grupo Aeroportuario del and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Grupo Aeroportuario del and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Grupo Aeroportuario could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Grupo Aeroportuario 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 Grupo Aeroportuario - 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 Grupo Aeroportuario del to buy it.

Moving together with Grupo Stock

0.82

AEDA

Grupo Aeroportuario del

Pair Corr

Related Correlations Analysis

	TX3A	NYVQ	A44	A440	R1D	W7L	G9N	G9N1	AED
TX3A		0.88	0.54	0.51	-0.05	0.14	-0.24	-0.08	0.56	TX3A
NYVQ	0.88		0.38	0.35	-0.15	0.29	-0.31	-0.13	0.43	NYVQ
A44	0.54	0.38		0.98	0.61	-0.52	0.37	0.29	0.34	A44
A440	0.51	0.35	0.98		0.63	-0.5	0.43	0.39	0.32	A440
R1D	-0.05	-0.15	0.61	0.63		-0.63	0.8	0.66	0.05	R1D
W7L	0.14	0.29	-0.52	-0.5	-0.63		-0.46	-0.27	0.13	W7L
G9N	-0.24	-0.31	0.37	0.43	0.8	-0.46		0.76	0.14	G9N
G9N1	-0.08	-0.13	0.29	0.39	0.66	-0.27	0.76		-0.03	G9N1
AED	0.56	0.43	0.34	0.32	0.05	0.13	0.14	-0.03		AED
	TX3A	NYVQ	A44	A440	R1D	W7L	G9N	G9N1	AED

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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

A440	+ 0.98	A44
NYVQ	+ 0.88	TX3A
G9N	+ 0.8	R1D
G9N1	+ 0.76	G9N
G9N1	+ 0.66	R1D
R1D	+ 0.63	A440

High negative correlations

W7L	- 0.63	R1D
W7L	- 0.52	A44
W7L	- 0.5	A440
G9N	- 0.46	W7L
G9N	- 0.31	NYVQ
G9N1	- 0.27	W7L

Risk-Adjusted Indicators

There is a big difference between Grupo Stock performing well and Grupo Aeroportuario 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 Aeroportuario'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
TX3A	0.91	0.08	(0.03)	(17.96)	0.89	(1.25)	2.50	(1.78)	5.64
NYVQ	1.08	0.11	(0.01)	(0.68)	1.25	(1.43)	2.52	(2.47)	10.06
A44	0.74	0.21	0.09	(1.02)	0.61	(0.87)	1.77	(1.38)	3.79
A440	0.89	0.23	0.08	(2.72)	0.86	(1.15)	2.02	(1.57)	5.25
R1D	1.09	0.10	(0.01)	3.77	1.41	(1.17)	2.69	(1.97)	6.45
W7L	1.13	(0.08)	0.00	0.30	0.00	0.00	2.51	(2.13)	7.96
G9N	1.36	0.13	0.03	0.37	1.55	(1.60)	3.32	(2.51)	8.30
G9N1	3.00	0.95	0.48	0.56	1.22	(4.41)	3.90	(3.15)	74.07
AED	2.46	0.02	0.00	0.14	2.75	(3.37)	5.04	(4.69)	19.64

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Our tools can tell you how much better you can do entering a position in Grupo Aeroportuario 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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Grupo Aeroportuario Corporate Management

Elected by the shareholders, the Grupo Aeroportuario's board of directors comprises two types of representatives: Grupo Aeroportuario inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Grupo. The board's role is to monitor Grupo Aeroportuario's management team and ensure that shareholders' interests are well served. Grupo Aeroportuario'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, Grupo Aeroportuario's outside directors are responsible for providing unbiased perspectives on the board's policies.

Alejandro Lpez	Chief Officer	Profile
Fernando Pardo	Pres Chairman	Profile
Manuel Sola	Chief Officer	Profile
Adolfo Rivas	Director CEO	Profile
Claudio Morales	Chief Counsel	Profile

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